Who are exempted from auditing their company accounts?

The Singapore Companies Act (Cap. 50) exempt the following companies from audit:

• Must have less than 20 individual shareholders
• No Corporate shareholders
• Annual turnover does not exceed S$5m
• Dormant companies

Suggested Readings

What is an Annual General Meeting (AGM)? What is an annual return (AR)? When must I file my annual returns (AR)? How do I register my Branch Office with the Accounting And Corporate Regulatory Authority (ACRA)?