Coping with the Consequences of COVID-19: Redoubling Attention to the Professional Standards
and The current novel coronavirus (COVID-19) epidemic is causing huge concern and disruption throughout the world, for obvious reasons, and the primary concerns for many must be personal safety, economic instability and financial devastation, and the urgent need for the development of solutions to the disease’s problems, primarily via treatments and inoculations. However, for most…
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POSTED BY
Barry Jay Epstein, Ph.D., CPA
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
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
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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Paul Wan & Co
The Purpose of Audits and How Your Business Can Benefit from Them
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 that companies in Singapore are…
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