Audit Exemption Guide for Singapore Companies

Guide on Audit Exemption a Rikvin In fographic I www.rikvin.com 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] RIKVIN RIKVIN PTE LTD | 20 Cecil Street, #14-01 Equity Plaza, Singapore 049705 Phone: (+65) 6320 1888 | Fax: (+65) 6438 2436 | [email protected] | www.rikvin.com