Answer:
In Singapore, companies must have their financial statements audited unless they qualify as a small company.
To qualify as a small company, your company must:
If your company is part of a group, the entire group must also qualify as a small group.
✅ What is a “Small Group”?
A small group is one that meets at least 2 out of 3 criteria on a consolidated basis for the past two financial years:
If either the company or the group fails to meet the criteria, the company will require an audit.
Answer:
Even if you’re exempted, you may still need an audit if:
An audit gives credibility to your financials and shows transparency and good governance — which builds trust and confidence.
Answer:
An audit goes beyond just compliance. It gives you:
At EQ Assurance, we tailor our audit approach to fit your business — delivering both compliance and valuable insights.
Answer:
In Singapore, companies must have their financial statements audited unless they qualify as a small company.
To qualify as a small company, your company must:
If your company is part of a group, the entire group must also qualify as a small group.
✅ What is a “Small Group”?
A small group is one that meets at least 2 out of 3 criteria on a consolidated basis for the past two financial years:
If either the company or the group fails to meet the criteria, the company will require an audit.
Answer:
Even if you’re exempted, you may still need an audit if:
An audit gives credibility to your financials and shows transparency and good governance — which builds trust and confidence.
Answer:
An audit goes beyond just compliance. It gives you:
At EQ Assurance, we tailor our audit approach to fit your business — delivering both compliance and valuable insights.
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