Frequently Asked Questions
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Who can be a company auditor in Singapore?
Company auditors in Singapore can only be public accountants or accounting firms approved by the Accounting and Corporate Regulatory Authority (ACRA).
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What are the types of audit services?
Some examples of various types of audit services are:
- Operational Audit
- Financial Audit
- Compliance Audit
- Information System Audit
- Advisory & Consultation Audit
- Special Engagements
- Follow Up Engagements
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What are the type of audit reports?
After analyzing the company’s financial statements, the auditor can issue one of four types of audit report opinions. Types of the audit report that an auditor can issue are:
- Unqualified opinion
- Qualified opinion
- Disclaimer of opinion
- Adverse opinion
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Which type of company is required to have an audit?
Unless exempt from audit, every registered company in Singapore is required to file financial statements and have their statements and accounting records officially audited every year.