May 29, 2020

Circuit Breaker Measures for Singapore Company Audit Practices

The ongoing COVID-19 pandemic and corresponding Circuit Breaker regulations have had a major impact on many companies and businesses, not just financially but also in administrative matters. Statutory requirements and financial audit practice are no exemption to these operational measures and changes in Singapore.  In recognition of these administrative complications key financial institutions in the…

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POSTED BY

Paul Wan & Co

February 19, 2020

Company Audit Procedures in Singapore

Understanding audit procedures in Singapore is essential for business owners and company heads as Singaporean companies are required to conduct periodical audits on their financial statements as established in the Singapore Companies Act.  These audits are conducted to preserve the accuracy of the financial statements issued by businesses within the country. In compliance with the…

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POSTED BY

Paul Wan & Co

February 19, 2020

Key Requirements for a Company Audit in Singapore

What is a Statutory Audit? As a fast-growing economic hub in the Southeast Asian region, the demand for professional audit and accounting services in Singapore continues to rise. To comply with the country’s statutory laws, Singapore companies must regularly submit their financial statements to a qualified auditor or registered public accountant for annual company audits…

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Paul Wan & Co

November 21, 2019

Responsibilities and Skills of a Good Auditor

As per the Singapore Companies Act, only registered public accountants may audit financial reports of companies that do not meet the “small company” criteria for audit exemption. Auditors are expected to meet the demands of both internal and external forces when catering to clients. They must ensure these companies comply with the standards of financial…

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POSTED BY

Dev Team

November 21, 2019

Top 3 Criteria for Hiring an Auditing Firm in Singapore

Hiring an audit firm is an important milestone for businesses and companies as an effort to guarantee the accuracy and transparency of their financial reports. By Singaporean legislation, companies that do not meet the audit exemption criteria must ensure their financial statements and accounting records are audited yearly. Most accounting firms in Singapore, regardless of…

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POSTED BY

Paul Wan & Co