Currently, under the regulations of ACRA, some companies are exempted from having their accounts audited. Your company will qualify for audit exemption if:–

> There is no corporate shareholder in the company;
> It is a Singapore incorporated private company with no more than 20 shareholders and all of them are individuals; and
> Its annual revenue is not more than S$5 million;

ACCE can help your company to prepare a compiled unaudited financial statements which are in compliance with the requirements of ACRA. An unaudited financial statements compilation is essentially the same as an audited financial statements but without an auditor’s opinion.

Financial-Statements-Compilation
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