Auditing and Assurance

We provide the following auditing and assurance services :

  • Statutory Audits
  • Internal Audits
  • Special Audits

Statutory audits are for clients who require an audit for statutory reasons associated with the filing of their annual report and financial statements with ACRA, in order to meet the requirements set by the Singapore Companies Act.

Our audit assurance approach focuses not only on the financial statements of an organization, but also on the organization’s business operations. We are mindful that our role as auditors is to safeguard the shareholders’ interests.

The audit will be conducted in accordance with Singapore Standards on Auditing (SSAs). Those AASs require that the auditors to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements.

Our audit methodology, through thorough understanding of our client’s business and risks, bears the following four approaches :

  • Planning – We identify and develop the overall audit approach with particular focus on key audit risk areas
  • Controls – We understand, evaluate and validate the key internal control areas and advise management of any issues during the audit
  • Substantiation – We carry out test of details on significant account balances and transactions during both the interim and final audits
  • Completion – We submit our audit opinion and a management letter.

Internal audit is a key driver of effective management control, proactive risk management, good corporate governance and ongoing process improvement. Our comprehensive ranges of internal audit solutions include:

  • Helping companies develop and implement risk based internal audit methodologies
  • Helping companies carry out risk assessment evaluation and testing
  • Advising on the establishment of robust internal control systems
  • Providing specialised additional resources to in-house internal audit departments
  • Liaising with external auditors in relation to their annual statutory audits
This is an in-depth and comprehensive examination of the underlying business numbers. The assessment allows the management to identify and focus on key areas and issues, enabling business growth as well as the cultivation of external interests.

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