Is a Singapore company required to file audited accounts?
The company law requires that every company formed in Singapore must file its accounts (audited or unaudited) with the Accounting and Corporate Regulatory Authority of Singapore on an annual basis. A private limited company that qualifies as exempt private company and has an annual turnover less than S$5 million can file unaudited accounts whereas other companies are required to file audited accounts. In practical terms, it means that most small to medium size private companies can file unaudited accounts.
The company law requires that each company formed in Singapore must file its accounts (audited or unaudited) with the Accounting and Corporate Regulatory Authority of Singapore on an annual basis. A private limited company that qualifies as exempt private company and has an annual turnover less than S$5 million can file unaudited accounts whereas other companies are required to file audited accounts.
