Find Audit services firm have become more complex with more qualitative disclosures. Professional skepticism and judgment are ever more important. Here’s what to ask when you engage an auditor.
To understand the whole company and its environment is a very important part for the auditor during the audit work. Through this understanding the auditor will be able to know where there might be challenges in the audit process
An ongoing challenge for any Singapore audit services firm striving for optimal audit quality is to strike the right balance between consistency in the audit approaches while providing flexibility and professional skepticism.
Statutory audit does not need to be expensive, disruptive, and intrusive to a business. We bill clients based on hours worked, so facilitating a smooth audit can and will lower the number of hours worked and thus lower overall fees.
For some companies, statutory audit is a mandatory requirement, but not to all companies. Others may be obligated to provide audited financial statements to parties including bankers, landlords, and investors.
Athel is committed to inspiring confidence with a comprehensive understanding of the businesses that we audit.
Here’s 3 three steps to engage Athel as your auditor.
Reach out to Athel Accounting to schedule an initial consultation. During this consultation, we will discuss your business needs, audit requirements, and any specific concerns or objectives you may have. We will also provide an overview of our audit services, expertise, and approach.
After the initial consultation, we will prepare a customized proposal outlining the scope of work, audit timelines, and fee structure tailored to your specific requirements. The proposal will provide clear details on the audit process, deliverables, and expectations.
Once the engagement agreement is signed, we will commence the audit process according to the agreed-upon timeline. Our experienced auditors will work closely with your team to gather relevant financial information, perform necessary audit procedures, and conduct thorough analysis.
Athel combines knowledge, people and understanding of business in our audit services.
Less data preparation, less email requests, less disruption, we utilise audit software and other technology such as HelloSign that saves you time and resources while maintaining our professional audit quality.
On-going support by our experienced audit partners for your everyday decision-making. We ensure all clients have access to the top management who are responsive, friendly, and helpful to take care of clients in the long term.
Our clients rely on our opinions to make key decisions. We worked hard to keep ourselves on top of relevant laws, regulations and accounting standards, so that our so that our attestations value-adds to our clients.
A statutory audit is a process of reviewing the accuracy of a company’s financial statements and records. In Singapore, all companies are required to appoint an auditor within 3 months of its incorporation unless exempted from an audit.
We provide audit services under our affliate firm Athel Assurance Public Accounting Corporation since 2021.
A Gross Turnover Audit (GTO Audit) is a special purpose audit of a tenant’s gross sales turnover. The requirement is usually enforced under the Tenancy Agreement between landlords and tenants.
Till date, we have performed hundred of sales audit for cafes, restaurants and other retail outlets.
All child care centres which administer the Child Care Subsidy scheme are required to engage a qualified auditor to conduct checks on childcare subsidies paid by the Singapore Government for each financial year.
We, as auditor are required to certify the following:
• All subsidy claims were substantiated with the corresponding forms.
• All subsidy claims were substantiated with the relevant supporting documents.
• All subsidies disbursed correspond with the working status of the applicant and service type of the child.
Under Section 67B(3) of the CPF Act, the Central Provident Fund Board (the “Board”) may order an audit of Medical Institutions (MIs) that are approved to make MediSave claims on behalf of CPF members.
Talk to your dedicated accountant, tax agent or secretary in Singapore who understands your business, submit your corporate filings and take care of all administrative paperwork so that you can focus on growing your business.
Team Athel specialises in compliance filing for SMEs. We are a Registered Filing Agent of ACRA and Registered Tax Agent of IRAS.
frequently asked questions:
Talk to your dedicated accountant, tax agent or secretary in Singapore who understands your business, submit your corporate filings and take care of all administrative paperwork so that you can focus on growing your business.
Team Athel specialises in compliance filing for SMEs. We are a Registered Filing Agent of ACRA and Registered Tax Agent of IRAS.
frequently asked questions:
frequently asked questions:
Registering a local company in Singapore is easy: paid-up capital can be as low as S$1,
Registering a local company in Singapore is easy: paid-up capital can be as low as S$1,
Registering a local company in Singapore is easy: paid-up capital can be as low as S$1,
Registering a local company in Singapore is easy: paid-up capital can be as low as S$1,
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