Audit and assurance services

Independent examination of your financial statements by P & W Assurance PAC, giving you accurate reporting that complies with accounting standards.

Audits by P & W Assurance PAC

Our audit team works across a wide range of industries, including manufacturing, consumer retail, healthcare, logistics, trading and technology. We bring the knowledge to address your specific audit requirements with precision.

Our audits add credibility to your financial statements, meet statutory requirements in Singapore, and give potential investors confidence. We also support reporting to your headquarters for group consolidation.

What's included

Audit services

  • Statutory audits
  • Limited scope audits
  • Certification of financial information

What you get

  • Financial statements that meet Singapore's statutory requirements
  • Reporting support for group consolidation at your headquarters
  • A risk-based audit focused on your key business drivers
  • Practical guidance on strengthening internal controls

How we work

  1. Planning

    We agree the scope, timeline and milestones up front, and plan the audit around the risks that matter to your business.

  2. Risk-based fieldwork

    We use modern audit software and follow Singapore Standards on Auditing (SSAs) and International Standards on Auditing (ISAs).

  3. Early communication

    We raise potential bottlenecks early so you meet your reporting deadlines without last-minute pressure.

  4. Clear reporting

    You get a clear audit report with our findings and recommendations, and we work with management to resolve any issues.

Questions, answered

Can't find yours? Ask us directly and a partner will reply.

What is an audit, and why does my company need one?

An audit is an independent examination of your company's financial records, transactions and internal controls, carried out under established auditing standards. It confirms your financial statements are accurate and comply with the relevant laws and regulations.

What's the difference between an audit and other assurance services?

An audit examines your financial statements. Other assurance services can be broader, such as reviews, compilations, agreed-upon procedures and attestation work covering other parts of your operations.

Is a statutory audit mandatory for every Singapore company?

No. Every company must have its accounts audited unless it qualifies for an exemption, most commonly as a "small company". A private company is small if it meets at least two of these three criteria for the past two consecutive financial years: total annual revenue of S$10 million or less, total assets of S$10 million or less, and 50 or fewer employees. If the company belongs to a group, the whole group must qualify as small. Contact us if you're not sure whether your company needs an audit.

How do you stay independent and objective?

We follow the strict independence standards set by regulators. Our auditors are independent of your company, and any conflict of interest is identified and dealt with promptly.

How does an audit benefit my company?

An audit can show where your financial reporting, internal controls and risk management can improve. It increases transparency and credibility, which can raise investor confidence and make financing easier to get.

How do you make sure audits comply with accounting standards?

Our auditors keep up with the latest accounting standards, regulations and industry practice, and every audit follows the applicable auditing standards.

How much does an audit cost?

Our fees are transparent and tailored to your company. We agree the price and any additional costs up front. Contact us for a quote.

How do you communicate audit results?

Through a clear, concise audit report with our findings, observations and recommendations. We then work with your management to address any issues.

How long does an audit take?

It depends on the size and complexity of your company and the scope of the engagement. We give you a timeline and milestones at the start.

Further reading

Talk to a partner about audit & assurance.

Tell us a little about your company and we'll come back with a quote. The first consultation is free.

Office
P & W Assurance PAC, 19 Keppel Road, Jit Poh Building #03-01, Singapore 089058

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