{"id":675,"date":"2022-12-02T19:35:01","date_gmt":"2022-12-02T19:35:01","guid":{"rendered":"https:\/\/ongliangaccountants.com.sg\/?page_id=675"},"modified":"2023-07-29T08:49:19","modified_gmt":"2023-07-29T00:49:19","slug":"compilation-of-unaudited-financial-statements","status":"publish","type":"page","link":"https:\/\/ongliangaccountants.com.sg\/compilation-of-unaudited-financial-statements\/","title":{"rendered":"Compilation of unaudited financial statements"},"content":{"rendered":"\t\t
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Compilation of unaudited financial statements\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Any Singapore private limited liability company enjoys audit exemption if it fulfills any two of the following three conditions:<\/p>

Total annual revenue is less than $10 million<\/p>

The total assets of the business are less than $10 million<\/p>

The number of employees is less than 50.<\/p>

However, such a \u2018Small Company\u2019 is still required to prepare financial statements in a format set by the Companies Act and the Singapore Financial Reporting Standards before holding Annual General Meeting and submit the financial reports together with form C when filing an income tax return. It is therefore important that you engaged a Chartered Accountant in Singapore to prepare the financial statements to ensure compliance with the statutory requirements.<\/p>

Estimated charges and costs.<\/p>

The fee for a compilation engagement is lower than the audit fee. Our fees are affordable depending on the types and number of services, requirements, demands, and nature of your business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Service Description<\/th>Fee<\/th>Type<\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t
For low volume transactions- up to 100 transactions\n<\/td>S$150- S$300\n\n\n<\/td>Annually<\/td><\/tr>
For medium volume transactions- up to 200 transactions\n\n<\/td>S$500- S$700\n\n\n<\/td>Annually<\/td><\/tr>
For high volume transactions- up to 500 transactions\n\n<\/td>S$800- S$1300\n\n<\/td>Annually<\/td><\/tr>
Above 500 transactions\n\n\n<\/td>Negotiable\n<\/td>Annually<\/td>\t\t\t\t<\/tr>\n\t\t\t<\/tbody>\n\t\t<\/table>\n\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Compilation of unaudited financial statements Any Singapore private limited liability company enjoys audit exemption if it fulfills any two of the following three conditions: Total annual revenue is less than $10 million The total assets of the business are less than $10 million The number of employees is less than 50. However, such a \u2018Small […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"nf_dc_page":"","inline_featured_image":false,"_joinchat":[],"footnotes":""},"class_list":["post-675","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/ongliangaccountants.com.sg\/wp-json\/wp\/v2\/pages\/675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ongliangaccountants.com.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ongliangaccountants.com.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ongliangaccountants.com.sg\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ongliangaccountants.com.sg\/wp-json\/wp\/v2\/comments?post=675"}],"version-history":[{"count":0,"href":"https:\/\/ongliangaccountants.com.sg\/wp-json\/wp\/v2\/pages\/675\/revisions"}],"wp:attachment":[{"href":"https:\/\/ongliangaccountants.com.sg\/wp-json\/wp\/v2\/media?parent=675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}