In Singapore, not all companies in operation need to do audit. Generally, small and medium-sized enterprises in Singapore do not need audit and only need to provide financial statements. Audit is mainly for high turnover or large holding company scale, meet certain standards, will be required to do audit.

Singapore corporate auditRequired materials: full set of company secretary documents; Last year's audit report and assessment form (if any); Monthly bank statement; sales/Cost contract, invoice, bill of lading, etc. Expense bills (payroll, freight invoices, office expenses, etc.); Fixed assets and intangible assets purchased (if any); Investment (bonds, stocks, etc.); Subsidiary documents (if any).

If a Singapore company complies with the Companies Act205Bor205CChapter of audit exemption clause: The company owns no more than20And the shareholders of the company are all individual shareholders and there are no corporate shareholders. The annual turnover of the company does not exceedS$10,000,000Or the total assets do not exceedS$10,000,000, or employees no more than50People. Satisfy any2Point, can exempt from audit.

Singapore corporate auditAt least need2-3The procedure varies due to the complexity of the company's finances. If the company has multiple holdings, consolidated statements, etc., the audit time may increase.

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