Best Audit Firm In Singapore

Our Audit Services Features

  • Make audit solutions practical
  • Meet your audit deadline
  • Match your audit fee
  • MNC-trusted
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Our Audit Services

How would you like to be able to have a transparent view of your business’s inner operations?

AG is among the best mid-tier audit firm in Singapore that specialises in serving mid-tier audit firms and SMEs.

You are able to obtain a completely new insight into your business’s finance when you hire our award-winning auditing services.

With our experienced audit advice and unbiased analysis, you will be able to understand your business’s financial records clearly, allowing you to uncover potential fraud, identify financial abnormalities, and genuinely come face to face with the intricacies of your business in order to make sound decisions for your business.

AG can help you find out the truth about the financial operations of your business. Among our auditing services are:

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Why should you hire our audit firm in Singapore?

01.
30 Days KPI
We make sure to deliver 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.
02.
Close to 100% Satisfaction Rate
We have a high customer satisfaction rate of 96.5 per cent with over hundreds of audit clients.
03.
Solutions That Work
We provide innovative and realistic audit solutions to help enhance your corporate governance and financial statement quality.
04.
Served By Experts
Every audit campaign will be managed by AG’s senior and managerial auditors only. As a result, you will not have to deal with junior auditors who might not have the necessary experience.
05.
Quick Response Time
We have set in place a stringent quality control policy that ensures our staff respond to your audit inquiry within 24 hours.
06.
All-in-one Solution
AG offers one of the best and extensive range of corporate advisory services, including audit services in Singapore. Providing a full set of services of AG ensures that you can get streamlined corporate procedures, saving you time and money.

AG aims to partner with your business to deliver competitive solutions to your specific needs. By employing an effective approach, we are able to ensure your business meets the appropriate legal needs while fostering the credibility of your business’s financial statement.

Our audit services are tailored to individual business requirements and are based on our extensive expertise and knowledge. This allows us to provide your business with a complete picture of your financial operation. We examine organisational and operational structures to ensure compliance with applicable standard criteria and to identify any potential room for improvement in certain areas. By doing so, your business can better examine the efficiency and efficacy of your current operations and adjust accordingly.

AG makes it a point to provide excellent service and make every effort to understand our customer’s particular business needs so that we can foster a better partnership in handling and resolving any audit issues. It is especially crucial to have quality audit service in order to keep up with the ever-evolving corporate environment. With AG, we want to assure you that our experienced audit partners can assist you in achieving that stability. Contact us today so that we can come up with a solution that is specific to your business needs.

93% of clients picked our audit services in Singapore 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 manners as usual .”

Pricing

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

  1. We communicate, meet up and discuss to understand your business.
  2. We customise our audit checklist based on your business as we do not believe one-for-all solution.
  3. We emphasize meeting your audit deadline.
  4. We analyse your businessfind out weaknesses and suggest solutions.
  • 01
    You will meet with our team of senior auditors and audit managers
    for knowing more about your business model.
  • 02
    Create a customised audit checklist based on your business
    so that we can discuss about, and understand your business
  • 03
    We will run through the checklist with you
    so that you are well-prepared for satisfying audit requirements in advance. We pride ourself in meeting your audit deadlines 50% faster than the industry-standard.
  • 04
    We will analyze your business, find out weaknesses and suggest solutions
    In general, we can finalize your audits in 2-4 weeks, compared to the usual 4-8 weeks.
  • 05
    Reduce cost, process & time.
    Audit time schedule will also be constantly reviewed and approved by audit partners. To ensure that your audits are finalized promptly before your deadlines.

Our Audit Competency

  • KPI of completing an audit within 30 days.
  • Having completed over 1,500+ audit engagements.
  • Member of IR Global, which is the world's leading professional services network with over 1,000 member firms over 155+ jurisdictions.
  • Recognised as one of Singapore’s Most Trusted Tax Service Providers by APAC Business Headlines Magazine.
Audit Services Singapore
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How AG Prevents Audit Delay

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 a smooth audit process, 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 satisfying audit requirements in advance.
AG employs risk-based audit methodology suggested by Singapore Standards of Auditing. In the audit planning stage, we will perform data crunching to identify key risk areas. So audit testing will be performed to mitigate the audit risk. This enables us to focus our audit on risky areas and significantly reduces time, process and cost.
All audit engagements will be assigned at least a 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.

Successful Case Study

Client A is a subsidiary (“ABC”) of a foreign-listed company, with approximate US$30mil in revenue per annum. Holding company requires ABC to submit its auditor report by end of February every year. However, the auditor of ABC failed to meet the deadline and finalised the audit around end of March. This seriously delayed the  group reporting process and dividend repatriation by ABC to its holding company.

Solution

AG performed interim audit and prepared an audit 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 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.

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 reduced and its auditor report has improved from qualified opinion to clean report.

Meet Your Audit Deadline With Practical Solutions.

FAQ

It depends on the complexity and volume of your business. Normally, our KPI is to complete an audit within 1 month.

For the financial year beginning on or after 1 July 2015, a company qualifies as a small company and is exempted from audit if it meets at least 2 out of 3 following quantitative criteria:

  1. Total annual revenue is not more than S$ 10mil;
  2. Total assets are not more than S$ 10mil;
  3. Number of employees is not more than 50.

For a company that is part of a group, to qualify for audit exemption:

  1. The company must qualify as a small company; AND
  2. The group must be a small group.

A group qualifies as a small group if it meets 2 out of 3 quantitative criteria stated above on a consolidated basis.

SFRS is similar to IFRS. Preparing financial statements based on IFRS is acceptable in Singapore.

There is no implication from an audit perspective. However, the financial figures from the prior year will no longer be comparable. From a tax perspective, the corporate tax will be computed based on 2 Years of Assessment.

As per the Companies Acts, you are required to appoint an auditor within 3 months of your company’s incorporation date.

Companies incorporated in Singapore must adhere to the accounting standards set by the Companies Acts and Singapore Financial Reporting Standards (SFRS). Auditors appointed by the company will audit its accounts based on the Singapore Standards of Audit. However, depending on the nature of your business’s accounts, your company may not need to adhere to every regulation. If you have any doubts on the matter, it is best to seek the advice of a reliable audit firm.

Companies that meet the audit criteria are mandated by law to undergo an annual audit. However, small businesses that are exempted often choose to undergo an audit process despite having no obligation to do so. This is because an independent audit is essential to good corporate governance and ensures an effective internal financial control function.

Furthermore, an audit adds credence to the information presented to the company’s shareholders. It provides reassurance to the relevant stakeholders and enables them to make sound business decisions to ensure the company remains profitable and competitive.

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