Auditing Services

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Elevating Transparency: Our Audit Services

At Acseta, we recognize the critical role that audits play in promoting transparency, accountability, and trust in financial reporting.

As a leading provider of audit services in Singapore, we are committed to helping companies uphold the highest standards of financial integrity and compliance with regulatory requirements.

Whether you’re a small startup or a large corporation, our experienced audit professionals are here to support your business objectives and ensure that your financial statements accurately reflect your company’s financial position and performance.

As no companies are alike, contact us for a no obligation customised quotation.

Our professional services include:

Statutory/ non-statutory audit of financial statements

for private limited companies, societies, charities and IPCs, MCSTs, etc.

Special-purpose audit

e.g. PPE capex, gross turnover, grants/claims, etc.

SSAE 3000 Limited assurance engagements

e.g. CST Matching Grants, MSF Mustering Report, MOH Subvention Report, etc.

SSRS 4400 Agreed-upon procedures

e.g. Childcare/Infantcare subsidy claims, grants/expenditure claims, etc.

Certification

e.g. Medisave claims, net worth, etc.

SSRE 2400/2410 Review of financial statements

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No Obligation Quotation

FAQs

Is my company required to be audited?

Under the Singapore Companies Act, the majority of companies are required to undergo an annual audit of their financial statements unless exempted by the Accounting and Corporate Regulatory Authority (ACRA). This mandatory audit requirement applies to both private limited companies and public companies, irrespective of their size or industry.

While audits are mandatory for most companies, certain entities may be exempted from the audit requirement if they meet specific criteria outlined by ACRA.

The main consideration is the company meets at least 2 of 3 following criteria for immediate past two consecutive financial years:

total annual revenue ≤ $10m;
total assets ≤ $10m;
no. of employees ≤ 50.

One key consideration for audit exemption is based on a group basis. If a company is part of a group that meets the criteria for audit exemption, it may be exempted from the audit requirement. However, it’s important to note that the exemption assessment is conducted on a group basis, taking into account the aggregate financial performance and structure of the group as a whole.