Compilation of unaudited financial statement is important for a private company that enjoying audit exemptions
A compilation of financial statements report assures that information is put together with professional competence and due care. Every Singapore private limited company is required to prepare financial reports in a format as required by the Companies Act and the Singapore Financial Reporting Standards (FRSs). This is for submission to the relevant authorities such as Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS). Therefore, it is important that the financial report be prepared by a Certified Public Accountant (C.P.A) registered with the Institute of Certified Accountants of Singapore to ensure compliance with the requirements of the Singapore Companies Act and the Singapore Financial Reporting Standards to minimize any unnecessary queries and subsequent costly amendments.
We provide Accounts Compilation Service, which will help you fully comply with the new Companies Act and reduce your business costs tremendously