In a city-state renowned for its stringently regulated business environment, choosing the right audit partner matters enormously. Singapore Koh Management Audit has earned the trust of hundreds of local businesses by delivering high-quality, ACRA-compliant audit services at accessible prices. With more than four decades of industry experience, Koh Management is the go-to audit partner for Singapore’s SME community.
Understanding Singapore’s Audit Requirements
Under the Singapore Companies Act (Cap. 50), every company incorporated in Singapore is required to maintain proper accounting records and, in most cases, have its financial statements audited annually by an approved company auditor. The small company audit exemption allows companies meeting at least two of three criteria – revenue under S$10M, assets under S$10M, and fewer than 50 employees – to forego a statutory audit.
Singapore’s Most Common Types of Business Audits
Statutory Audit
Required by law for non-exempt companies, a statutory audit provides an independent opinion on whether the financial statements give a true and fair view of the company’s financial position.
Maintenance Fund & MCST Audit
All MCST entities managing strata-titled properties in Singapore must have their maintenance fund accounts independently audited each year to ensure accountability to property owners.
Charity & Non-Profit Audit
Charities registered with the Commissioner of Charities must submit audited accounts. IPC status also requires audit compliance. Koh Management’s partners have deep experience in this niche sector.
Sales / GTO Audit
Retailers in Singapore’s malls are often contractually required to submit gross turnover audits to their landlords to verify sales figures used in rent calculations.
BCA Audit
Building and Construction Authority (BCA) audits assess contractors’ financial standing for registration and renewal purposes. Koh Management supports construction companies through this process.
Why Singapore Companies Choose Koh Management
• Founded in 1984 – over 40 years of uninterrupted corporate service in Singapore
• Deep understanding of ACRA regulations and Singapore Financial Reporting Standards (SFRS)
• Dedicated CPA audit partners with Big 4 and mid-tier firm backgrounds
• Fast turnaround times to meet AGM and regulatory deadlines
• Transparent pricing with no hidden fees
Preparing for Your Singapore Company Audit
• Maintain up-to-date bookkeeping records throughout the financial year
• Reconcile bank accounts monthly and resolve discrepancies promptly
• Organise all supporting documents including invoices, receipts, and contracts
• Prepare a complete fixed asset register with depreciation schedules
• Ensure all inter-company transactions are properly documented
Book Your Singapore Koh Management Audit
Contact Singapore Koh Management Audit today by calling +65 98638665 or emailing enquiry@shkoh.com.sg. Our team will assess your company’s audit needs and connect you with the most suitable CPA partner at a competitive rate.
