Compilation of unaudited financial statement

A Singapore private limited company enjoys audit exemption if they meet the following requirements:

the shareholders of the private limited company do not comprise of any corporate shareholder and it only comprise of individuals only; and
the annual turnover of the private limited company is less than S$5million

However, every Singapore private limited company is still required to prepare unaudited financial reports in a format as required by the Companies Act and the Singapore Financial Reporting Standards (FRSs). This is for submission to the relevant authorities such as Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS). Therefore, it is important that the financial report be prepared by a Certified Public Accountant (C.P.A.) registered with the Institute of Certified Accountants of Singapore to ensure compliance with the requirements of the Singapore Companies Act and the Singapore Financial Reporting Standards to minimise any unnecessary queries and subsequent costly amendments.

Leave a Reply Cancel reply

Client Testimonials

Excellent Singapore Corporate Services, we are very satisfied with registered address services, nominee director and company secretary services, keep it up ! — Dawyne Watson, Director of Red Subsea Technologies Pte Ltd

SCS services are very prompt and professional, we have entrust them with more companies under our management ! — Nicole Ho, Director of Billingbear Consulting Pte Ltd

Thanks for SCS great support, our incorporation of Company is carried out so fast and efficiently within a day, great work ! — Mr Chandra Sekhar, Director of Global Information Solutions Pte Ltd

Thanks for your email. Yes, We are very happy with your services, fast and professional. — Ms Devi Mathaji, Radhe Krishna Mission Ltd

A big thank you to Singapore Corporate Services ! They provide valuable advices on how to cut costs on corporate services, while complying with ACRA and IRAS regulations in the most efficient manner ! They are responsible and fast in their responds to our concerns ! Their service & results are exceptional! Keep up the great work. — Pan Qi, Founder and Director– Medu Consulting (International) Pte Ltd

We took a gamble in 2009 and gave Singapore Corporate Services a go. It instantly paid off. We can focus entirely on our sales and operations of our business without worrying about our company’s statutory requirements and deadlines. At this rate, we are expanding quickly by keeping close contact with the management team of Singapore Corporate Services. Highly recommenedd Corporate Services Company! — Travis Zhang, Founder and Director– Career Recruitment Pte Ltd

Our accounting records are so much neater and properly kept after engaging Singapore Corporate Services. We can start having our monthly meeting with monthly management reports on the desk of our shareholders. Thank you soooo much! — Steven Goh, Manager of Sincere Colours Partnership

It’s our pleasure to have SCS helped us in Singapore. — Zhong Wang, Director of Lantu Brothers Pte Ltd

SCS is so efficient and knowledgeable in their work that we can concentrate on our core competency to get more businesses. He has helped us to save a lot of tax payments and we are grateful that we have use SCS for our financial reporting and tax services. — Lim Cheng Hoo, Director of LNS Group

John give us a different aspect for our business management, and helped us in our internal controls that we have cut down on our inventory losses and theft. He is so hands-on and familiar with the operations of our Company that he add significant value for our business running and increase our profit. — Hoi Chee Kin, Founder and Director of Computer Pte Ltd

The links are so useful for our normal day-to-day operations. — Jeremy Yap, Accounts Manager of IPT Services Pte Ltd

Compilation of unaudited financial statement