Audit & Assurance Services in Singapore

At Credo, we provide expert auditing services businesses in Singapore trust for accuracy, compliance, and financial transparency. Our assurance services help organisations maintain credibility while meeting regulatory requirements. With a team of experienced auditors, we ensure your financial records are reliable, reducing risks and enhancing stakeholder confidence.

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Auditor Services for SMES and Large Businesses

Whether you run a small enterprise or a large corporation, professional auditor services are crucial in maintaining financial integrity. Audits help businesses identify financial discrepancies, strengthen internal controls, and ensure adherence to Singapore’s financial regulations.

• For SMEs: Audits help small businesses establish credibility with banks, investors, and regulatory bodies. They also highlight areas for financial optimisation and ensure compliance with tax and financial reporting standards. With regular audits, SMEs can make informed decisions and attract potential investors.

• For Large Businesses: Corporations manage vast financial transactions, making audits essential for risk assessment, fraud prevention, and regulatory compliance. By leveraging audit insights, corporations can refine their financial strategies, optimise cash flow management, and maintain a strong market reputation.

Our auditors provide in-depth financial reviews, ensuring transparency, detecting irregularities, and offering strategic recommendations for business sustainability. They also play a crucial advisory role by helping businesses improve financial governance, streamline operations, and enhance internal risk management frameworks.

Types of Audit Services We Offer

Statutory Audits

We conduct statutory audits to ensure compliance with Singapore’s regulatory framework. Our audits provide businesses with accurate financial statements that meet ACRA and IRAS requirements.

Internal Audits

Our internal audits help businesses identify inefficiencies, strengthen internal controls, and mitigate financial risks. This proactive approach enhances operational effectiveness and prevents financial mismanagement.

Tax Audits

We assist businesses in ensuring tax accuracy and compliance, minimising the risk of penalties. Our tax audits review tax filings, deductions, and compliance with IRAS guidelines.

Customised Audit Solutions

Every business has unique needs. Our customised audit solutions are tailored to address specific financial concerns and key objectives, ensuring businesses receive targeted and effective audit support.

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Benefits of Auditing Services for Businesses

Engaging auditing and assurance services in Singapore can provide several critical advantages for your business. At Credo, our professional auditor and assurance services help improve financial transparency and ensure compliance.
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Enhanced Accuracy

Ensure that your financial statements are accurate and free from errors.

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Regulatory Compliance

Stay compliant with Singapore’s financial regulations and industry standards.

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Improved Internal Controls

Strengthen your internal processes to reduce risks and inefficiencies.

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Increased Credibility

Boost investor and stakeholder confidence through verified financial records.

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Informed Decision-Making

Gain valuable insights from audit and assurance reports to guide business growth.

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Cost-Efficiency

Avoid financial penalties or costly mistakes by maintaining accurate records.

Understanding the Range of Audit Fees in Singapore

The audit fee in Singapore varies based on the size and complexity of your business. At Credo, we offer a range of audit and assurance services with flexible pricing to meet your needs. Our audit and assurance fee starts from S$3,500 for smaller businesses with straightforward financial structures, while larger businesses with more complex financial systems may require a higher fee. Get in touch with us for a customised audit and assurance fee quotation that reflects the specific needs of your business.

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Audit Process Explained

Understanding how our auditor services work can help you prepare for a seamless audit experience:

Initial Consultation & Planning

We assess your business needs and define the scope of the audit.

Data Collection & Review

We gather financial records, examine transactions, and assess internal controls.

Financial Analysis & Reporting

Our auditors analyse financial data and prepare a comprehensive report.

Recommendations for Improvement

We provide insights to enhance compliance and efficiency.

Follow-Up & Ongoing Support

We assist businesses in implementing changes and maintaining compliance.

Why Choose Us for Auditing Services?

Experienced Auditors: Our team consists of certified professionals with extensive industry expertise. We stay up to date with evolving financial regulations, ensuring that your business remains compliant while benefiting from the best industry practices.

• Client-Focused Approach: We tailor audit strategies to suit each business’s unique requirements. This ensures that specific financial challenges are addressed while maximising audit efficiency.

• Proven Track Record: With numerous satisfied clients, we have established ourselves as a trusted audit partner. Our history of delivering accurate, insightful, and reliable audit reports speaks to our commitment to excellence.

• Commitment to Compliance: We ensure that all audits adhere to Singapore’s financial regulations. Our team proactively identifies potential compliance issues before they escalate.

FAQs about Auditing Services

What businesses require auditing services in Singapore?

Companies incorporated in Singapore, especially those meeting revenue thresholds, must undergo statutory audits to comply with ACRA regulations.

How much does an audit fee in Singapore cost?

Audit fees vary based on business size and complexity. At Credo, our pricing is transparent and competitive, starting from S$3,500 for small businesses.

How long does the audit process take?

The duration depends on the complexity of your business. A standard audit typically takes a few weeks to complete.

What happens if discrepancies are found during an audit?

Our auditors will provide recommendations to rectify discrepancies, ensuring compliance and financial accuracy.

Can I customise my audit service based on my business needs?

Yes! We offer customised audit solutions to address specific financial concerns and business objectives.