Compilation of Unaudited Financial Report
Accounting is one of the most important business processes to get right, because it critically influences your organisation’s growth and success. Partnering with a trustworthy accounting firm in Singapore that understands the local laws and regulations, while also maintaining a global presence, is a key part of this success.
Compilation of unaudited Financial Statements
Compilation of accounts or reports means compilation of unaudited Financial Statements of a private company. Profit and loss statements, balance sheet and financial statement are compiled to give an outlook on the company’s financial standing.
Company that is exempted from the audit requirement is still required to prepare a full set of unaudited Financial Statements including explanatory notes with Directors’ Statement, and be prepared in compliance with the Singapore Financial Reporting Standards.
You will require the unaudited Financial Statements for the purpose of Annual General Meetings, tax submission and accountability to shareholders of the company. The unaudited Financial Statements can be used to obtain banking facilities, apply for government grants and to meet regulatory requirements in specific industries.
Unaudited Financial Statements contains
- Directors’ Statement
- Statement of Comprehensive Income – Income Statement
- Statement of Financial Position – Balance Sheet
- Statement Of Changes In Equity
- Statement of Cash Flows
- Notes to the Financial Statements
How can Willie Secretarial Services help?
Ensuring your accounting aligns with local Singapore and APAC-wide accounting standards is crucial to maintaining your business’s reputation. As a global accounting firm based in Singapore, our team has a comprehensive understanding of specific local country requirements to keep your accounting records compliant.
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