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A Simple Guide on Audit Exemption in Singapore

Guide on Audit Exemption www.singaporecompany incorporation.sg Under the Companies Act, Exempt Private Companies (EPCS) with annual revenue below $5 million are not required to have their accounts audited. An EPC is a private limited company with no corporate shareholders and has no more than 20 shareholders. Does Your Company Qualify? To see if your company is eligible for exemption, check the flowchart below: Do you have corporate shareholders? Yes No Does your annual turnover exceed S$5M? Annual Statutory Audit Required Yes No Eligible for Audit Exemption You will need to do unaudited financial statements, commonly known as director's reports NEED HELP WITH ACCOUNTING & BOOKKE EPING ? Contact Us at [email protected] SINGAPORE COMPANY INCORPORATION | 20 Cecil Street, Equity Plaza, Singapore 049705 Phone: (+65) 6850 5280| [email protected] | www.singaporecompanyincorporation.sg

A Simple Guide on Audit Exemption in Singapore

shared by sgcompanyinc on Jan 09
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A Singapore Exempt Private Company or EPC* is a private limited company with 20 or fewer shareholders, none of which should be corporate entities. Such EPCs, with annual revenue below S$5 million, and...

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