Financial Statement Drafting in Singapore
Usually, many Singapore private limited companies are not obliged to get their Company accounts audited if they meet some conditions.
A private limited company that does not have any corporate shareholders and has less than 20 individual shareholders, and an annual turnover of less than SGD 5 million is allowed to file un-audited accounts. Even a dormant company is free from submitting its audited accounts.
Non-exempted companies must appoint their auditor within three months of being incorporated. They must audit their accounts annually and submit them every year to the ACRA.
Richmond offers a complete range of accounting services, including drafting un-audited accounts and reports for exempt private limited companies and auditing services including all the essential financial statements required to meet the statutory conditions laid down by the ACRA and the IRAS.