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raymond@pwco.com.sg

Raymond Teo

About Raymond Teo

Raymond is a Chartered Accountant of Singapore, who has more than 15 years of collective experience in an international accounting firm and mid-tier firm. He is currently registered Public Accountant with the Accounting and Corporate Regulatory Authority (“ACRA”) in Singapore, and also a member of Institute of Singapore Chartered Accounts (“ISCA”) and ASEAN Chartered Professional Accountant.
Partner, Audit and Assurance

Top 3 Criteria for Hiring an Auditing Firm in Singapore

By |2019-12-11T13:03:08+08:00November 21st, 2019|Audit|

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 [...]

Quick Facts: Small Company Audit Exemptions in Singapore

By |2019-11-22T21:39:46+08:00October 17th, 2019|ACRA Audit Exemption|

The Companies Amendment Act enacted into law in 2014 revised the criteria for audit assurance requirements and introduced the small company concept, offering audit exemptions for registered private limited companies in Singapore. What is the Effective Date of the Act? The Accounting and Corporate Regulatory Authority (ACRA) began implementing key [...]

The Purpose of Audits and How Your Business Can Benefit from Them

By |2019-11-25T12:04:39+08:00October 17th, 2019|Audit|

A recent survey from the Singapore office of the reputed accounting firm PWC has unveiled that the percentage of companies who trade in the Singapore Exchange that have decided to include Auditing Committee commentaries into their financial statement has increased from 40% to 60% from 2017 to 2018. It seems [...]

Accounting for Cryptocurrencies

By |2019-09-29T02:31:51+08:00September 29th, 2019|Accounting Standards|

With rapid changes in technology and business environment, holdings of cryptocurrencies allow businesses and individuals to transact directly to each other without any intermediary such as banks or financial institutions. Accordingly, it appears practical issues on how to account for such assets given the fact that there is no accounting [...]