Non-Statutory Audits

Non statutory audit is a process of review and verification of a company’s business and it is not required by any law or statute. This type of audit is performed to identify the weakness of an organization which may hamper productivity and efficiency level of the business.

A non-statutory audit is a type of assessment of company’s statutory services which is not required either by any law or statute. It basically adds value to the credibility of the company and its operations. A non-statutory audit report can also benefit you as it helps to identify any obvious error or misrepresentation present in any facet of your business including financial and administrative departments of the company. Since non-statutory audits are at the discretion of the business, they can offer several benefits to your company.  It covers various aspects such as operations, processes, inventory control and even human resources.

Non-statutory audit services can help you to identify the weakness of your business that may hamper the productivity to a far extent. Even if you do not require filing an audited report by law, nevertheless it is advisable to take an unbiased assessment of your business activities. SINGAPORE TAXATION can help you with clear and precise review by practicing latest audit techniques that are specifically applicable for non-corporate entities. We extend our services to various sectors such as sole traders, small companies, partnership businesses, associations, charitable trust, clubs and MCSTs. Our broad ranges of non-statutory audit services are tailored to the specific needs of your business.

Fast facts of non-statutory audits:

• A non-statutory audit is a verification and review of an organization’s financial report that is not required by either the law or a regulatory authority.
• Non-statutory audit is solely meant for sole traders, small companies, limited and unlimited liability partnerships, associations, clubs, charitable trusts, and MCSTs.
• It is done only to identify the financial positions and conditions of the businesses.

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