All the Singapore-incorporated businesses (Excelpt Small companies as defined in the act) must hire an auditor within the first three months of the incorporation. An auditor audits the company’s financial accounts, accounting records, and internal management to make sure that everything is under compliance with internal control procedures, and there are no errors in the company’s accounts.
A qualified audit opinion means an audit report after the audit is successfully completed, where some parts are specifically flagged. It is generally given when:
New Company Setup
New Company Setup
Existing Company
New Branch Setup
New Setup
Singapore Bank Account