When filing an Annual Return with ACRA, a company has to include accounts reports for the submission. The accounts can be un-audited in certain conditions.
Exempt private companies, which have no corporate shareholders and no more than 20 individual shareholders, with turnover of less than S$5 million for the accounting year can file un-audited accounts. Dormant companies are also exempt from submitting audited accounts.
All other companies are required to appoint an auditor within 3 months of incorporation and be prepared to submit audited accounts to ACRA. The accounts must be audited annually.
Rikvin provides a full accounts audit service through our associate audit firms. Our audit services include all financial statements designed specifically to comply with ACRA’s statutory requirements.
