Inspiring Confidence in financial markets
Empower Your Business Growth with Gekonnt PAC Singapore Audit Services
Financial Statements Audit
Our financial statements audit service provides independent assurance that your company’s accounts comply with Singapore Financial Reporting Standards (SFRS). We help businesses build trust with shareholders, investors, and regulators by ensuring transparency and accuracy in reporting.
Group Audit & Holdings Company
At Lee & Hew, we provide trusted and comprehensive audit solutions for businesses across Singapore. Our team ensures strict compliance with local regulations while delivering clear insights that empower decision-making.
Whether you’re managing a growing enterprise, overseeing a holding company, or ensuring corporate governance, we help you maintain transparency, build investor confidence, and strengthen financial integrity
Internal Audit
Our Internal Audit services help organisations in Singapore strengthen governance, manage risks, and enhance operational efficiency. We go beyond compliance, providing independent assurance and actionable recommendations that safeguard business integrity.
Other Special Audit and Specifications
Beyond statutory and internal audits, we also provide specialised audit services tailored to unique business requirements in Singapore. These audits deliver clarity and assurance for transactions, compliance, and operational needs that fall outside the standard scope.
Frequently Asked Question
1. What is the purpose of an audit?
An audit provides an independent assessment of a company’s financial statements to ensure accuracy, transparency, and compliance with Singapore’s regulatory requirements. It builds trust with stakeholders, investors, and regulators.
2. Do all companies in Singapore need an audit?
Not all. Certain small companies may qualify for an audit exemption under the Singapore Companies Act if they meet the criteria of a “small company.” However, holding companies and group entities often still require statutory audits.
3. What is the difference between statutory and internal audits?
- Statutory Audit: A mandatory audit required by law to verify financial statements.
- Internal Audit: A voluntary review to assess internal processes, controls, and risk management, often used by larger organisations to improve governance.
4. How long does an audit usually take?
The timeline varies depending on the complexity of your operations and the readiness of your financial records. For most SMEs, audits typically take 4–8 weeks from the time all documents are provided.
5. What documents do I need to prepare for an audit?
Key documents include:
- Financial statements and ledgers
- Bank statements and reconciliations
- Invoices, receipts, and contracts
- Payroll records and tax filings
6. What do audit services in Singapore typically include?
Audit services in Singapore generally cover a full review of your company’s financial statements to ensure accuracy, compliance with the Singapore Companies Act, and adherence to the Singapore Financial Reporting Standards (SFRS).
Most audit engagements include:
- Verification of financial record
- Assessment of internal controls
- Identification of risks and irregularities
- Preparation of an independent audit report for stakeholders
- Recommendations to improve financial processes
Engaging a professional firm ensures that your business remains compliant with ACRA requirements and maintains strong financial credibility.
7. How much does an audit cost in Singapore?
Fees depend on company size, industry, and complexity of transactions. We provide a transparent quotation after understanding your business needs.
8. How do I know if my company qualifies for audit exemption?
A private company qualifies if it is a “small company” — meeting at least 2 of these 3 conditions in the past two financial years:
- Total revenue ≤ SGD 10 million
- Total assets ≤ SGD 10 million
- Number of employees ≤ 50
9. Why should I engage an SME audit firm in Singapore?
An SME audit firm specialises in supporting small and medium-sized enterprises with audit services that are cost-effective, compliant, and tailored to the scale of your operations. Unlike larger firms, SME-focused auditors provide more personalised guidance, faster turnaround times, and practical recommendations that fit the needs of growing businesses.
They also ensure your company meets ACRA and IRAS requirements while helping you strengthen internal controls, improve financial reporting, and prepare for future expansion.