At AccountingFirm.sg, we provide professional and reliable audit services in Singapore to help businesses stay compliant, maintain transparency, and build trust with stakeholders. Our audit team works closely with clients to ensure their financial statements reflect true and fair views of their business performance — in line with Singapore Financial Reporting Standards (SFRS) and regulatory requirements.
Whether you’re a small business or an established corporation, we tailor our audit services to suit your structure, operations, and industry needs.
Why Choose Our Singapore Audit Services?
1. Experienced Audit Professionals
Our team of auditors is composed of qualified professionals with years of experience in external and internal audits across diverse industries. We understand the Singapore auditing landscape and provide accurate, independent, and timely audit reports.
2. SFRS-Compliant and ACRA-Approved
We conduct audits in full compliance with the Singapore Financial Reporting Standards (SFRS), Companies Act, and ACRA requirements, ensuring that your statutory obligations are fully met.
3. Transparent, Efficient, and Timely
We plan and execute audit engagements in a structured, systematic manner to minimise disruptions to your operations and deliver audit reports on time.
4. Industry-Specific Audit Knowledge
From F&B to construction, retail to investment holding, our auditors are equipped to handle the specific audit needs of businesses in various industries.
5. One-Stop Compliance Support
In addition to audit services, we provide accounting, tax, secretarial, and advisory support. This allows clients to benefit from an integrated approach to financial compliance and business growth.
Types of Audit Services We Offer
We provide a full range of audit services tailored to meet statutory requirements, compliance obligations, and stakeholder expectations.
1. Statutory Audit for Companies
All Singapore-incorporated companies that do not qualify as small companies are required by law to undergo annual statutory audits. We offer:
- Independent external audit of financial statements
- Compliance with Singapore Companies Act and ACRA regulations
- Preparation of audit report for AGM and filing
- Communication with directors and shareholders
- Review of internal controls, policies, and procedures
We ensure your statutory audit is completed efficiently and accurately, giving you full confidence in your financial reporting.
2. Group Audit and Consolidated Financial Statements
For companies that are part of a group structure, we provide audit services for consolidated financial statements:
- Review and audit of group financials
- Coordination with component auditors (local or overseas)
- Preparation of group-level audit report
- Review of intra-group transactions and eliminations
We ensure your group financials are in compliance with SFRS and other relevant reporting standards.
3. Gross Turnover (GTO) Audit for Landlords and Malls
Retail tenants in Singapore often require GTO audits to comply with tenancy agreements. We assist with:
- Verification of reported sales
- Reconciliation of POS systems, bank records, and sales logs
- Preparation of GTO audit certificate
- Submission to landlord or property management companies
We are experienced in conducting GTO audits for retail outlets in shopping malls across Singapore.
4. MCST and Management Corporation Audits
We offer professional audit services for Management Corporations Strata Title (MCSTs):
- Audit of MCST’s accounts and sinking funds
- Verification of service and conservancy charges
- Reporting to council and residents during AGMs
Our audits promote transparency and accountability in the management of common property funds.
5. Charity, Society, NGO, and IPC Audits
Non-profit organisations and Institutions of a Public Character (IPCs) in Singapore have strict governance and audit requirements. Our services include:
- Compliance with Charities Act and Code of Governance
- Review of donation records and fund utilisation
- Issuance of audit reports to regulatory bodies
- Guidance on grant reporting and controls
We ensure your organisation maintains the trust of donors and stakeholders.
6. Special Purpose Audit
We also conduct audits and reviews based on special stakeholder or regulatory needs, such as:
- Grant audit (e.g., for government-funded programmes)
- Agreed-upon procedures (AUP) engagements
- Internal control review audits
- Dormant company review
- Liquidation audits
If you require a tailored audit approach for a specific situation, we can structure a bespoke solution.
7. Internal Audit Services
For businesses seeking to improve internal processes and risk controls, we offer:
- Evaluation of internal controls and risk management
- Process audits and compliance assessments
- Recommendations for operational improvements
- Reporting to management and board committees
Our internal audits are advisory in nature and help strengthen governance frameworks.
Who Needs Audit Services in Singapore?
Companies Required by Law to Be Audited
Under the Companies Act, companies that do not qualify as “small companies” are required to appoint auditors and have their financial statements audited annually.
A small company is one that meets at least two of the following criteria for the past two financial years:
- Total revenue ≤ SGD 10 million
- Total assets ≤ SGD 10 million
- Number of employees ≤ 50
If your company no longer qualifies as a small company, you are legally obligated to appoint an auditor.
Businesses with Compliance or Stakeholder Obligations
Audits may also be required by:
- Landlords (for GTO audits)
- Grant authorities (e.g., Enterprise Singapore)
- Donors and members (for societies and charities)
- Investors and shareholders
- Banks and financial institutions (for loan approvals)
Even if not mandatory, an independent audit can significantly improve transparency and trust in your business.
Our Audit Approach
Our proven audit methodology ensures clarity, compliance, and minimal disruption to your operations.
Step 1: Engagement and Planning
We begin with understanding your business, financial reporting environment, and internal controls. We then design an audit plan tailored to your risk areas and operations.
Step 2: Fieldwork and Documentation
Our auditors carry out the necessary testing, review your documentation, and conduct walkthroughs and interviews where required. We ensure findings are properly documented and communicated.
Step 3: Evaluation and Review
We analyse audit results, review material findings, and evaluate the impact on your financial statements. Where applicable, we provide recommendations for improvement.
Step 4: Reporting and Submission
A full audit report is issued, and any supporting reports (e.g., GTO certification) are submitted to the relevant parties. We also assist with AGM presentation and ACRA submissions if needed.
Industries We Audit
We have audited businesses across a wide range of industries:
- Retail and Shopping Malls
- Food & Beverage (F&B) Chains
- Construction and Engineering Firms
- Education and Enrichment Centres
- Logistics and Supply Chain
- Investment Holding Entities
- Manufacturing and Industrial
- Societies and Associations
- Non-Profits and IPCs
- Real Estate and MCSTs
We understand the unique audit needs and risks across different sectors in Singapore.
Why Work With AccountingFirm.sg?
✅ Independent and Objective
As your external auditor, we bring a fresh and impartial perspective to your financial reporting.
✅ Strong Regulatory Understanding
We stay up to date with Singapore’s audit regulations and reporting standards to ensure full compliance.
✅ Efficient and Deadline-Focused
We work with your internal team to complete audits within your timelines, especially during peak AGM or filing seasons.
✅ Audit Plus Advisory
Beyond compliance, we identify control weaknesses, highlight inefficiencies, and offer solutions that support your business growth.
✅ Integrated Services
From accounting and tax to audit and secretarial, we provide a one-stop service to meet all your corporate needs.
Let’s Get Started
Need to appoint an auditor for your company? Looking for a reliable audit partner who understands your industry and timelines?
📞 Call Us: +65 9863 8665
📧 Email: Tommyksh@shkoh.com.sg
🌐 Website: https://accountingfirm.sg
Whether it’s your first audit or you’re switching from another firm, our team is ready to support your business with clear, compliant, and cost-effective Singapore audit services.