Audit exemption requirements in Singapore
Do you meet them OR Do you not?
While the Singapore Companies Act mandates every company to get its financial statements and accounting records audited annually, the amendments in 2014 provided updates on the audit exemption criteria for companies.
A new definition for “small company” was introduced. If you qualify as one, you’re not required to appoint an external auditor for annual account auditing.
Are you an SMB hustling through papers and documents to check if your company fulfills the conditions required to be called a small company?