audit services

Audit Services

Whether you need audit in compliance of company laws for your financial accounts or any matters that require investigation for an independent view, we have a professional and experience team to accomplish your objectives in a timely manner. We have more than 1,000 engagements in both external and internal audits over the years.

We also provide special investigation audits for industries such as management funds, society funds, logistics and shipping.

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Audit Exemption for Small Companies


Effective Date

The audit exemption is applicable for financial years beginning on or after the change in the law (1 Jul 2015).

Qualification Criteria

Currently, a company is exempted from having its accounts audited if it is an exempt private company with annual revenue of $5 million or less. This approach is being replaced by a new small company concept which will determine exemption from statutory audit. Notably, a company no longer needs to be an exempt private company to be exempted from audit. A company qualifies as a small company if: (a) it is a private company in the financial year in question; and (b) it meets at least 2 of 3 following criteria for immediate past two consecutive financial years:
  1. total annual revenue ≤ $10m;
  2. total assets ≤ $10m;
  3. no. of employees ≤ 50.


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