HEYSARA AUDIT PAC

Financial audits in Singapore are a vital regulatory requirement for all incorporated companies. Unless exempted under relevant sections of the Companies Act, companies must appoint an auditor within three months of incorporation. Conducted annually, these audits are essential for verifying the accuracy and fairness of financial statements. They must be performed by external Certified Public Accountants (Practising), ensuring independence and adherence to rigorous standards set by the Accounting and Corporate Regulatory Authority (ACRA).The audit process involves a thorough examination of financial records, transactions, and internal controls to provide stakeholders, including shareholders and regulatory bodies, with assurance about the company’s financial health and compliance with statutory requirements. By ensuring transparency and accountability, financial audits play a crucial role in maintaining trust in Singapore’s business environment.