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Auditing Services
Audit
What is it?
Certified auditors from Ei-Biz review your business’ finances and internal operations to maximize growth potential while complying with regulations.
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Our Goal
Our primary goal is to assist business owners like you reduce time spent on non-essential tasks, enabling you to concentrate on core company functions and increase revenues.
In general, about 40% of most medium to large businesses improve their profitability using outside service providers for their bookkeeping and financial functions.
Due to technological advances, this same alternative is now available to small businesses. Firms using outsourced solutions are discovering that moving part or all of their bookkeeping and accounting functions to professional outside providers saves costs, while freeing up valuable management time.
you are not alone
For All Business Types
We readily serve SMEs as well as international corporations with statutory auditing services and internal audits. Our team of certified experts analyze your finances and company performance to mitigate risks and reorganize operations for optimal performance.
Types of Audits We Provide
As part of the auditing process, our certified team of auditors will analyze your business and advise on areas of improvement. There are many types of audits that can benefit your organization, no matter its size. From statutory audits (better known as financial audits) to internal audits, Ei-Biz ensures compliant operations for your business.
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Statutory Auditing Services
Financial audits in Singapore, or statutory auditing, is highly beneficial for companies and organizations of any size. Our certified statutory auditors have the experience and qualifications to analyze your resources, spending, and financial allocations with an outcome that allows your business to continue growing.
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Internal Auditing Services
Managing internal operations is essential to understanding employee performance and avoiding unnecessary processes that lead to wasted time and company resources. Our qualified internal auditors assess the efficiency of your business and advise the next steps to improve said efficiency, with the aim of increasing production and profit margin.
FAQs for Auditing Services in Singapore
An internal auditor assesses potential risks and review compliance measures in a business, and follows up with recommendations on how to improve.
A forensic audit covers both business and individual finances, legal operations, and compliance, whereas a statutory audit only covers business-related actions and documents.
Any company incorporated in Singapore must prepare the accounts in accordance with the Companies Act and Singapore Financial Reporting Standards (SFRS).
Auditing allows a company to meet the statutory and regulatory requirements, as non-compliance may lead to heavy fines and damage to reputation. Auditors can also review an organization’s internal systems and controls and suggest improvements to increase efficiency and prevent fraud.
A private company is exempted from audit if it meets at least 2 out of 3 of the following criteria for immediate past two consecutive financial years:
- total annual revenue ≤ $10m;
- total assets ≤ $10m;
- number of employees ≤ 50.
Book an Audit Consultation Today
Our certified team of auditors are ready to analyze every aspect of your business to ensure its regulatory compliance, optimize internal organization, and ensure the security of your business. Book a consultation today to discover how Ei-Biz can assist you.
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