Compilation of Unaudited Financial Statements
(In accordance to Singapore FRS)
Section 201 of the Companies Act states the requirements for directors of Singapore incorporated companies to prepare financial statements that comply with Accounting Standards (also commonly known as Financial Reporting Standards). The Companies Act defines “Accounting Standards” as “accounting standards made or formulated by the Accounting Standards Council under Part III of the Accounting Standards Act 2007 (Cap 2B)”. Therefore, Financial Reporting Standards (“FRSs”) issued by the Accounting Standards Council (“AS Council”) have the force of law. This includes Interpretations of Financial Reporting Standards (“INT FRSs”).
Companies may state that their financial statements have been prepared in accordance with FRS only if they have complied with all FRSs and INT FRSs issued by the AS Council that are applicable to them.
The statutory financial statements for companies are filed with ACRA when filing the Annual Returns, together with the Directors’ Report and Statement by Directors. It is important to note that the Directors’ Report and Statement by Directors are not part of the financial statements.
Our Compilation of Unaudited Financial Statement package will include:
- Directors’ Report
- Statement by Directors
- Statement of Financial Position (Balance Sheet)
- Statement of Comprehensive Income (Profit & Loss)
- Statement of Changes in Equity
- Statement of Cash Flow
- Noted to the Financial Statements.
Please refer to "Service Fees" for pricing details.