Audit Services in Singapore: What Companies Should Know
Many directors think of an audit as a detailed check of the bookkeeping that confirms the accounts are correct. That is not what the auditor is engaged to deliver. Companies arranging audit services Singapore for the first time are buying an independent opinion on whether the financial statements give a true and fair view, formed on a sample basis and within a defined legal framework. Understanding what that opinion does and does not cover makes it easier to prepare, to budget and to use the result properly. The Legal Starting Point The Companies Act requires every company to appoint an auditor unless it qualifies for an exemption. The main exemptions apply to dormant companies and to private companies that meet the small company criteria. Directors remain responsible for keeping proper accounting…








