Professional audit services in Singapore by Gekonnt PAC
Audit Services You Can Rely On
Take your journey with Us!
We provide independent audit and assurance services in accordance with Singapore Financial Reporting Standards and regulatory requirements.
Financial Statements Audit
Our financial statements audit service provides independent assurance that your financial statements comply with Singapore Financial Reporting Standards (SFRS). As a trusted audit firm Singapore businesses rely on, we help ensure accurate, transparent reporting that builds confidence among shareholders, investors, and regulators through reliable audit services Singapore.
Group Audit & Holdings Company
We provide statutory audit services in Singapore for group structures and holding companies, ensuring compliance with regulatory requirements and group reporting standards. As an experienced audit firm Singapore businesses trust, we support clear consolidation, reliable management accounts, and transparent financial oversight across entities.
Internal Audit
Our internal audit Singapore services help organisations strengthen governance, manage risks, and improve operational efficiency. We provide independent assurance and practical insights that enhance controls, support reliable management accounts, and protect business integrity.
Other Special Audit and Specifications
Beyond statutory and internal audits, we provide specialised audit services Singapore businesses require for specific transactions, compliance matters, and operational needs. These engagements offer independent assurance and clear insights for areas that fall outside standard audit scopes.
Frequently Asked Question
Why is a financial audit important?
A financial audit Singapore provides independent assurance that a company’s financial statements are accurate, transparent, and prepared in compliance with local regulatory requirements. It helps build confidence among shareholders, investors, and regulators while supporting sound corporate governance.
Do all companies in Singapore need accounting and audit services?
All companies in Singapore are required to maintain proper accounting records in accordance with the Companies Act. However, not every company is required to undergo a statutory audit Singapore. Certain small companies may qualify for audit exemption, while holding companies and group entities typically still require audited financial statements.
What is the difference between statutory accounting and internal accounting?
- Statutory accounting focuses on preparing financial statements in accordance with Singapore Financial Reporting Standards (SFRS) and Companies Act requirements for statutory reporting and compliance purposes.
- Internal accounting focuses on day-to-day financial tracking and management reporting. It provides business owners and management with timely insights into cash flow, performance, budgeting, and decision-making, and is not primarily meant for statutory submission.
How long does a statutory audit usually take?
The duration of a statutory audit Singapore depends on the size and complexity of the business, as well as the readiness of its financial records. For most SMEs, the audit process typically takes four to eight weeks after all required documents have been submitted.
What documents are required for a statutory audit?
Common documents required for a statutory audit Singapore include:
- Financial statements, general ledgers, and trial balances
- Bank statements and bank reconciliations
- Invoices, receipts, and supporting contracts
- Payroll records and relevant tax filings
Having complete and well-organised accounting records helps ensure a smoother and more efficient audit process.
What do audit services in Singapore typically cover?
Audit services Singapore involve an independent review of a company’s financial statements to ensure accuracy, compliance with the Companies Act, and adherence to Singapore Financial Reporting Standards (SFRS).
Most audit engagements typically include:
- Verification of financial records and balances
- Review of internal controls and key processes
- Identification of material risks and irregularities
- Preparation of an independent audit report
- Practical recommendations to strengthen financial processes
Engaging a professional audit firm Singapore helps ensure regulatory compliance and maintains strong financial credibility with stakeholders.
How much do audit and accounting services cost in Singapore?
The cost of audit services Singapore and accounting services Singapore depends on factors such as company size, industry, and the complexity of transactions. Fees are typically based on the scope of work required, and a transparent quotation is provided after understanding your business and reporting needs.
Who needs statutory audit services in Singapore?
Companies in Singapore are required to engage statutory audit services Singapore unless they qualify as a “small company” under the Companies Act. A private company may be exempt from audit if it meets at least two of the following criteria in each of the past two financial years:
- Total revenue of SGD 10 million or less
- Total assets of SGD 10 million or less
- 50 or fewer employees
Companies that do not meet these criteria, including holding companies and group entities, are generally required to appoint an audit firm in Singapore.
Why engage an audit firm in Singapore for your business?
Engaging an experienced audit firm Singapore businesses trust ensures your financial statements are reviewed professionally, accurately, and in compliance with regulatory requirements. Compared to large multinational firms, mid-tier and local audit firms offer more responsive support, practical guidance, and audit solutions aligned to your business size and complexity.
Through professional audit services Singapore, businesses benefit from clearer financial reporting, stronger internal controls, and reliable insights that support compliance, decision-making, and sustainable growth.