Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.
Every business owner in Singapore knows how important an audit is. After all, in accordance with local legislation, the company regularly conducts audits of financial statements. If you just want to start your business and you need to learn more about the audit of companies in Singapore, you can get advice from Crystal Tax employees.
An audit is a procedure for checking the accounts of an organization, which is performed by a highly qualified accountant. Upon completion, he is obliged to issue a conclusion.
The company's financial statements are subject to mandatory audit at least once a year. But only on condition that she does not meet the criteria that exempt from this procedure.
Audit of companies in Singapore is required to be carried out only by enterprises that belong to the category "medium"; and "large" business.
There are two types of audit: external and internal. The first option concerns companies that have an annual turnover in excess of SGD 5 million. Such an institution may have more than 20 shareholders. One of them – necessarily a legal entity.
As for internal audit, it acts as a kind of guarantee of the effectiveness of management processes and control. In this case, two options are considered:
Crystal Tax specialists provide audit-type services in Singapore. They have vast experience in this field, which allows them to do everything competently and quickly.
Auditing a company in Singapore with the help of Crystal Tax specialists has many advantages:
To use the services of specialists, just fill out the form on the company's website. The manager will contact you during business hours to find out the details. Or contact him by phone, which is indicated in the relevant section of the site.
The cost of services is calculated on an individual basis. In the price list you can find out the approximate price.
Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.
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Our advantages
Corporate structuring, company registration in Ukraine and abroad, tax and reporting, migration, bank accounts, DUNS and NCAGE codes. We run the whole project, from choosing the solution to the finished documents.
Confidentiality terms are set out in our contract. We do not pass information about a client or their project to third parties, except where the law expressly requires it.
We compare jurisdictions against your business task: tax regime, reporting, substance requirements and access to banking. On the call we go through the upsides and the limits of each option.
We name the timeline for every step before the work starts — it depends on the jurisdiction, the registrar and the bank. Personal data is used only to deliver the service.
We handle the correspondence with registrars, government bodies and banks and answer their requests ourselves. From you we need documents and signatures.
We take each case to the finish: if an authority or registrar comes back with remarks, we revise the documents at no extra charge. The fee is calculated for your task before work starts.