Cost-Effective Audit Services for Singapore SMEs
We provide practical and cost-conscious audit services designed specifically for Singapore SMEs.
Our approach focuses on delivering high-quality statutory audits efficiently, without unnecessary procedures or inflated costs that do not add value to your business.
We work closely with clients to ensure compliance with Singapore Financial Reporting Standards (SFRS) and ACRA requirements, while keeping audit effort focused on what truly matters.
Why Businesses Choose Our Audit Approach
- Efficient audits designed for SMEs
- Focus on key risk areas (not unnecessary procedures)
- Practical communication throughout the audit process
- Experienced team familiar with SME accounting systems
- Transparent scope and fee structure upfront
We aim to make audits as smooth and cost-efficient as possible while maintaining full compliance with professional standards.
In Singapore, all companies are required to be audited unless they qualifies as a small company.
A company qualifies as a small company if:
(a) it is a private company in the financial year in question; and
(b) it meets at least 2 of 3 following criteria for immediate past two consecutive financial years:
(i) total annual revenue ≤ $10m;
(ii) total assets ≤ $10m;
(iii) no. of employees ≤ 50.
For a company which is part of a group:
(a) the company must qualify as a small company; and
(b) entire group must be a “small group”
to qualify to the audit exemption.
For a group to be a small group, it must meet at least 2 of the 3 quantitative criteria on a consolidated basis for the immediate past two consecutive financial years.
Request an Audit Fee Estimate
Looking for an experienced and cost-effective audit firm?
Contact K. S. Ng & Co for a no-obligation discussion and customised quotation.