Understanding When a Singapore Small Company is Exempt from Audit Requirements
5 minutesNavigating audit requirements can be challenging for small businesses. This article clarifies when a small company is exempt from these requirements by defining what constitutes a small business and outlining Singapore’s new criteria for audit exemptions. We will examine the recent modifications in audit requirements, what small companies need to prepare for unaudited financial statements, and the key components of these crucial financial documents. By understanding these essential aspects, small business owners can ensure compliance and better manage their financial obligations.
