In Singapore, all companies are required to be audited unless they qualifies 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 3 following criteria for immediate past two consecutive financial years:
(i) total annual revenue ≤ $10m;
(ii) total assets ≤ $10m;
(iii) no. of employees ≤ 50.
For a company which is part of a group:
(a) the company must qualify as a small company; and
(b) entire group must be a “small group”
to qualify to 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 the immediate past two consecutive financial years.
As every company is unique, we do not have a fixed price so as to strive to give the best value for money to our clients.
Our quoted fees are based on estimated time to be incurred and not the profit of the company so to ensure that our prices are reasonable.
Do contact us directly so we can give you a customized quotation.