In Singapore, all companies are required to be audited unless they qualify as a small company.
A company qualifies as a small company if:
(a) it is a private company in the financial year in question; and
(b) it meets at least 2 of the following 3 criteria for each of the two immediately preceding financial years:
(i) total annual revenue ≤ S$10 million;
(ii) total assets ≤ S$10 million;
(iii) number of employees ≤ 50.
For a company which is part of a group:
(a) the company must qualify as a small company; and
(b) the entire group must be a “small group”
to qualify for the audit exemption.
For a group to be a small group, it must meet at least 2 of the 3 quantitative criteria on a consolidated basis for each of the two immediately preceding financial years.
Shareholders holding at least 5% of the issued shares may still require an audit. These criteria are current as at October 2026; ACRA announced a review of the audit exemption thresholds in February 2026, and we will update this page if they change.
Our fees
As every company is unique, we do not have a fixed price list. We aim to give our clients the best value for money.
Our quoted fees are based on the estimated time required, not on the company’s profit, so that our prices stay reasonable.
Contact us for a customised quotation.