Statutory Audits

Statutory audit can be defined as a legally required review or examination of the accuracy and fairness of a company’s financial report. Avail our service and give us chance to help you meet a specific set of requirements by the Singapore government.

Statutory audit is a type of external audit conducted annually to meet a specific regulations set by legislation. This audit is legally required by the laws of regulatory bodies.  In Singapore, IRAS (Inland Revenue Authority Singapore) is the authority that governs the laws and regulations of companies. The scope and nature of the auditing program of Singapore are subject to the statutory requirements of IRAS. The process of statutory audit involves examination of all financial data and book of accounts of an organization to ensure their credibility and prevent any misstatement or discrepancies.

All Singapore incorporated companies must conduct statutory audit for the preparation of accurate and effective financial reports unless the company is exempted to do so. Statutory audit is crucial part of an organization as it plays a vital in its smooth operation and management. To get an audit report that is error-free, compliant and effective, you need to engage a reliable professional services like SINGAPORE TAXATION. The firm is widely known for perfection which reflects in almost every aspect of their services, be it delivery time, quality, thinking, methodologies or conduct of business.

Few fast facts about statutory audit and our services:

• Statutory audit is a type of audit in which it is mandatory to check business accounts as per statute or law.
• It is conducted to review and assess truth and fairness of company’s financial report.
• We prepare compliant friendly audit report as per the provision of Financial Reporting Standard.
• We offer advices, guidance and consulting services to enhance the performances of the businesses
• Our auditing system is updated with the latest auditing standards of Singapore.
• We enable you to identify the areas that have scope for further improvement which in turn help in business productivity.

info@taxationservices.com.sg

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