Assurance
Providing Trusted and Independent Assurance
We work with businesses to improve corporate reporting and support compliance with regulatory requirements and other contractual agreements. Our audit approach leverages on our years of experience to help you better comply with Singapore statutory requirements and meet any other audit demands as required by your firm.
We help companies better comply with Singapore statutory requirements, reducing the risk of legal penalties and enhancing corporate governance.
Audit attestation and assurance services enhances the credibility of financial statements, making them more trustworthy for stakeholders, builds confidence among investors, creditors, and customers, which can lead to increased investment and business opportunities.
Promotes transparency in financial reporting, fostering trust in the organization’s management and operations and provides insights and recommendations that can improve financial practices and operational efficiency.
Understanding Audit & Assurance Services
Audit attestation and assurance services verify financial accuracy and regulatory compliance. Independent audits enhance transparency, build investor confidence, and ensure compliance with Singapore Financial Reporting Standards (SFRS) and regulatory bodies like ACRA and MAS.
In Singapore, businesses must meet strict audit requirements to avoid financial misstatements and penalties. GYK simplifies this process with a risk-based audit approach, identifying financial risks, strengthening internal controls, and ensuring full compliance.
Our expert external auditors in Singapore will provide accurate and transparent reports, helping businesses maintain financial integrity while focusing on growth.
Why Businesses in Singapore Need Assurance & Statutory Audit Services
- Regulatory Compliance – Mandatory under the Companies Act and ACRA/MAS regulations.
- Investor Confidence – Independent audits enhance credibility and trust.
- Financial Accuracy – Prevents misstatements and ensures tax compliance.
- Fraud Prevention – Identifies risks and strengthens internal controls.
- Industry-Specific Requirements – Essential for financial services, tech, manufacturing, and multinational corporations.
Our Audit & Assurance Services
Statutory Audit – We conduct statutory audits to ensure businesses comply with Singapore Financial Reporting Standards (SFRS) and Companies Act requirements. Our statutory audit services provides a clear, independent view of your financial health, ensuring transparency and legal compliance.
Regulatory Compliance Audit – Regulatory Compliance Audit Singapore’s financial sector demands strict adherence to regulatory frameworks set by Monetary Authority of Singapore (MAS) and Accounting and Corporate Regulatory Authority (ACRA). We assist businesses in meeting these compliance standards, mitigating regulatory risks, and maintaining operational integrity.
Sales/GTO Audit – Verifies the accuracy of sales figures and data to ensure high reliability of sales data for business decisions. Our auditors assess internal controls, detect inconsistencies, and identify potential risks related to revenue recognition.
Special Audit – Special audits are focused engagements tailored to specific needs beyond standard financial audits. At GYK, these may include government grant audits to verify compliance with funding conditions or S&P audits to support due diligence and transaction accuracy. We provide clear objective reporting to meet regulatory or commercial requirements.
Group Audit – Ensure the accuracy of consolidated group Financial Statements for businesses with multiple entities or subsidiaries to present a true and reliable financial picture to stakeholders
MAS Attestation – Audit and provision of Independent External Auditor’s Assessment Report to applicants who are intending to submit new license application to carry on digital payment token (“DPT”) services pursuant to the Payment Services Act 2019 (“PS Act”), as well as PS Act licensees that are applying to add DPT services
Singapore Audit Requirements
Companies in Singapore must comply with statutory audit requirements under the Companies Act. A statutory audit is mandatory for businesses that meet at least two of these criteria: annual revenue above SGD 10 million, total assets exceeding SGD 10 million, or more than 50 employees. Small companies that do not meet these thresholds may qualify for audit exemptions.
Businesses must also adhere to the latest Singapore Financial Reporting Standards (SFRS) and regulatory compliance set by ACRA and MAS. Staying compliant ensures transparency, financial accuracy, and investor confidence.
Get a free consultation today! Contact Us to discuss your Singapore audit requirements and compliance needs
Audit Attestation and Assurance Services
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