audit services singapore

Get In-Depth Audits FAST with Our 30 Days KPI Audit Services

Our professional audit services go above and beyond, providing comprehensive and actionable audit reports that allow you to gain in-depth insight into your company’s financial statements.

At Singapore Auditing Services, we go above and beyond to ensure that your financial audit is comprehensive, detailed, and actionable.

Imagine having full assurance in your financial situation, being completely compliant with the laws and regulations of the Accounting and Corporate Regulatory Authority (ACRA), understanding the exact health of your business, and having a clear path to future growth in Singapore.

That’s what our audit company in Singapore delivers. Take the first step towards complete financial transparency and security today!

Say goodbye to hidden discrepancies and unforeseen financial surprises

How would you like to be able to have a transparent view of your business’s inner operations and internal control? Seeking high-quality audit services that leaves no stone unturned and no error untouched?

Running a business is a high-stakes endeavour. One undetected error or oversight can lead to costly consequences, diminishing your hard-earned profits and reputational integrity.

Here’s the truth: The solidity of your audit can either be your strongest defence or your weakest link. So, why not choose an audit firm in Singapore that works for you, not against you?

Welcome to your solution – AG is one of the top Singapore audit services firms specialising in serving mid-tier audit firms and SMEs.

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Your Preferred Singapore Audit Firm

01.
Expedited Audit Process: 30 Days KPI
No more waiting months to get your financial statements audited! We make sure to deliver audit services on time and fulfil any specific audit deadline your business has. We pride ourselves on completing our audit time period in less than 30 days.
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KPI to complete your audit
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5-star google review
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audit engagements completed
02.
Tailored Solutions, Tangible Results
We go beyond just number-crunching. Our innovative yet practical audit solutions are designed to enhance your corporate governance and elevate the quality of your financial records. We transform audits from mere compliance tasks to strategic business tools.
03.
Seasoned Pros at Your Service
At AG, our team is composed solely of senior and managerial auditors who are certified members of the Institute of Singapore Chartered Accountants (ISCA), guaranteeing you receive the expertise, experience, and professionalism you deserve.
04.
Quick & Attentive Customer Service
We understand that in business, time is of the essence. Hence, our stringent quality control policy ensures that you receive a response to your audit queries within 24 hours. Because you deserve a partner that's as responsive as you are.
05.
One-Stop-Shop for All Your Corporate Advisory Needs
With AG, you get more than just audit services. We offer a comprehensive range of corporate advisory services, providing you with a streamlined, all-in-one solution that saves you time, money, and administrative headaches.
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FAST. EFFECTIVE. PROVEN.

Here’s what our clients have said about us

Our Audit Services in Singapore

  • Statutory audit
  • BCA audit
  • Sales audit
  • Grant audit
  • Internal and external audit
  • Lucky draw audit
  • MCST audit
  • Charities audit
  • Group consolidation audit
  • Branch amalgamation audit
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How AG Prevents Audit Delay

For audit assignments with a tight deadline, AG will perform an interim audit services, normally 2-3 months before the financial year-end. This is to minimise the audit work and time required to conclude the final audit after the financial year.

For audit assignments with a tight deadline, AG will perform an interim audit, normally 2-3 months before the financial year-end. This is to minimise the work and time required to conclude the final audit after the financial year.

To facilitate smooth audit procedures, an audit requirement checklist will be tailor-made according to the client’s business model. We will run through the checklist with our clients so that they can prepare themselves for our satisfying audit reports in advance.

AG employs the risk-based audit methodology suggested by the Singapore Standards of Auditing.

In the audit planning stage, we will perform data crunching to identify key risk areas for targeted audit testing, enabling us to focus on critical areas that significantly reduce time, process and cost.

All audit engagements will be assigned to at least one senior auditor and supervised by our audit managers to monitor audit progress and quality. Audit partners will robustly review and approve the audit time schedule to ensure our prompt service delivery.

with IR Global Network members in 155+ jurisdictions worldwide

AG Audit Services Meet Your Group Audit Needs

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  • Member of IR Global, the world's leading professional services network with over 1,000 member firms across 155+ jurisdictions.
  • Recognised as one of Singapore’s Most Trusted Tax Service Providers by APAC Business Headlines Magazine.
  • Awarded the OCBC Prestige Partner due to our outstanding efforts and contributions to leading-edge financial solutions.
93% of clients picked our auditing services
because we met their audit deadlines
Audit Firm Services Singapore

”Completed audit smoothly earlier than the targeted deadline by 1 month.”

Auditing Services Singapore

”Completed and finalised audit in a timely and professional manner as usual.”

How We Hit Our 30 Days KPI for Your Full Audit Report

The AG Audit Process

  • 01
    Meet with our team of senior auditors and audit managers
    so we better understand your business model.
  • 02
    Create a customised audit checklist based on your business needs
    as we do not believe in a one-size-fits-all solution.
  • 03
    Run through the checklist with you
    so that you are well-prepared for a satisfying audit report in advance.
  • 04
    Analyze your business, find weaknesses and suggest solutions
    in 2-4 weeks, 50% faster than the industry standard of 4-8 weeks.
  • 05
    Audit time schedule will also be constantly reviewed and approved by you
    to ensure your audits are finalized promptly before your deadlines, reducing cost, process and time.
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Successful Audit Case Study

Client A is a subsidiary (“ABC”) of a foreign-listed company, with approximately US$30mil in revenue per annum.

The holding company requires ABC to submit its auditor report by the end of February every year. However, the auditor of ABC failed to meet the deadline and finalised the audit around the end of March.

This seriously delayed the group reporting process and dividend repatriation by ABC to its holding company.

 

AG Audit Solution

We performed an interim audit and prepared an audit services checklist to better cooperate and communicate with Client A’s accounting team.

 

Result

We managed to finalise our audit in early February, 3 weeks before the deadline.

Client B (“BCD”) is a construction company with project revenue of more than S$10mil. Audit of BCD was qualified every year by its previous auditor due to improper project budgeting and cost allocation.

AG Solution

AG helped to revamp its business model by creating a cost centre, where BCD will outsource all projects to it.

 

Result

Client B’s tax payable has been reduced, and its auditor report has improved from a qualified opinion to a clean report.

OCBC Prestige Partner

to get your accounts Audited and Trusted by Banks

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Audit Fee

Starting from
Statutory audit services (active company) S$3,000
Sales audit services                                          S$800
Other special audit services Varies (ask for a quote)

What is the audit timeframe for completing statutory audit services?

 

When it comes to statutory audit services in Singapore, timeliness is crucial. At AG Singapore, our audit approach is specifically designed to expedite audit services, ensuring completion within a stringent 30-day audit timeframe, as per our Key Performance Indicator (KPI) without compromising audit quality.

With over 2000+ audit services successfully completed, our expertise in audit services allows us to accurately assess audit timelines and provide transparent expectations to clients upfront.

We understand the critical importance of meeting audit deadlines and mainly accept audit engagements that align with our ability to deliver timely results. Choosing us as your audit services partner means entrusting your deadlines to an audit team committed to excellence.

 

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Frequently Asked Questions

A1: In a transformative move, the Companies (Amendment) Bill 2014, sanctioned by Parliament in October 2014, ushered in pivotal changes, notably the introduction of the “Small Company” concept. This groundbreaking amendment brings significant implications for private companies, offering an audit exemption for those meeting specific criteria over the immediate past two consecutive financial years.

 

To qualify as a “Small Company,” private entities must meet at least two of the following three criteria over the immediate past two consecutive financial years:

  1. Total Annual Revenue: ≤ S$10m
  2. Total Assets: ≤ S$10m
  3. Number of Employees: ≤ 50

A2: The audit exemption applies to financial years beginning on or after the change in the law (1 Jul 2015). Transitional provisions are in place for the first two years after the change.

A3: Total revenue and assets are determined by accounting standards and the figures in the financial statements.

A4: The number of employees is based on the count of full-time employees at the end of the financial year.

A5: Yes, a private company with corporate shareholders can qualify for the audit exemption, eliminating the previous requirement for exempt private company status.

A6: For a subsidiary to qualify for the exemption, the group it belongs to must qualify as a small group on a consolidated basis. If the group doesn’t qualify, and the holding company audits consolidated statements, the subsidiary can’t enjoy the audit exemption.

A7:

Audit opinions provide a professional assessment of a company’s financial statements, instilling confidence in stakeholders and ensuring regulatory compliance. Here’s a breakdown of the key audit opinion types:

 

1. Unqualified Opinion: The Gold Standard

The coveted unqualified opinion, also known as a clean opinion, signifies that the financial statements present a true and fair view. It’s the gold standard, indicating transparency and adherence to accounting principles.

 

2. Qualified Opinion: Highlighting Exceptions

A qualified opinion is issued when auditors identify specific issues within the financial statements. While the overall presentation is deemed accurate, this opinion highlights areas that require attention or clarification.

 

3. Adverse Opinion: Flagging Material Misstatements

An adverse opinion is a red flag, indicating material misstatements within the financial statements. Stakeholders are alerted to significant issues that impact the accuracy and reliability of the presented information.

 

4. Disclaimer of Opinion: Insufficient Information

In cases where auditors lack adequate information to form an opinion, a disclaimer of opinion is issued. This underscores the importance of providing comprehensive data for a thorough audit assessment.

External audits, performed by independent public accountants, verify financial statements’ accuracy and compliance with regulations. They provide assurance to stakeholders, detect fraud, and fulfill regulatory requirements, primarily focusing on financial reporting.

Internal audits are periodic and initiated based on concerns, while external audits are typically annual, mandated for publicly traded companies. Both audits play vital roles: internal audits strengthen internal processes, while external audits reassure external stakeholders. Understanding their differences enables organizations to maintain trust and transparency in their operations.

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