Corporate Compliance
Unaudited Financial Statement Preparation
Ensure that your reports are prepared according to the Singapore Financial Reporting Standards (SFRS) and meets the compliance regulations mandated in the Companies Act.
Why do I need a Compiled
Financial Statement Report?
Mandatory Requirement
Under sections 201(2) and 201(5) of the Companies Act, Directors are responsible to present and lay before the company, at its annual general meeting (AGM)
Government Grants
Prior to getting approval and applying for some government incentives, it may be a requirement to submit your compiled financial report.
Key Stakeholders
Your keys stakeholders such as Directors, Investors, Financiers, Shareholders, and others will need to be provided information pertaining to the Company's financial position.
Prepare your compiled unaudited financial statements from $350
Inclusive of all fees. No Surprises.
- Directors’ Report and Statement of Directors
- Income statement
- Cash flow statement
- Balance sheet
- Statement of all equity changes
- Accounting policies implemented
- Explanatory notes
Singapore registered Private Limited Companies will be exempted from preparing an audited compiled report if it fulfils the exemption criteria above. These small companies must still prepare its unaudited financial report according to the Singapore Financial Reporting Standards (SFRS) and Companies Act.
In a nutshell
What is a compiled unaudited financial statement (UFS)?
The UFS is a report consisting of financial statements such as – Profit & Loss statement, Balance Sheet, Statement of Equity, Statement of Cashflows and others. It must also include explanatory notes with the Directors’ Statement, and be prepared in compliance with the Singapore Financial Reporting Standards (SFRS).
The compiled report ultimately provides stakeholders with information pertaining to the financial position, standing and functioning of the company, which is typically presented during the Company’s Annual General Meeting (AGM).
As stipulated by ACRA and IRAS, all Singapore registered companies must prepare a compiled financial statement report. Fines and penalties may be incurred should there be noncompliance.
Your Unaudited Financial Statement Compilation includes
- Directors’ Report and Statement of Directors
- Income statement
- Cash flow statement
- Balance sheet
- Statement of all equity changes
- Accounting policies implemented
- Explanatory notes
Criteria for exemption from Audit
Meet any 2 of the following 3
- Total annual revenue less than S$10 million
- Value of total assets less than S$10 million
- Less than 50 employees
SIGNALGRYD Pte. Ltd.
5/5
I had a smooth transaction working with Leftright Corporate. They were thorough and took time explaining to me the process as well.
Grace Soh
Criteria for exemption from Audit
Meet any 2 of the following 3
- Total annual revenue less than S$10 million
- Value of total assets less than S$10 million
- Less than 50 employees
SIGNALGRYD Pte. Ltd.
5/5
I had a smooth transaction working with Leftright Corporate. They were thorough and took time explaining to me the process as well.
Grace Soh
Get Started in
3 simple steps
Answer some basic questions
Send us an enquiry or checkout and complete our simple registration form. If you need assistance, call us directly and one of our experts will walk you through the process.
We take care of the paperwork
Our financial experts will prepare required documents needed according to a fair and true view for your approval and signing.
Signing and Acknowledgement
Talk to us for clarifications, and when you’re ready, sign the documents for presentation.
Our Compilation Packages
Inclusive of all fees. No surprises.
for
Dormant Companies
$
350
-
No revenue in financial year
-
Less than $10,000 assets
-
Directors’ Report and Statement of Directors
-
Income Statement
-
Cash Flow Statement
-
Balance Sheet
-
Statement of All Equity Changes
-
SFRS Accounting Compliance
-
Explanatory Notes
for
Small Companies
$
500
-
Less than SGD $5 million revenue
-
Less than SGD $5 million assets
-
Directors’ Report and Statement of Directors
-
Income Statement
-
Cash Flow Statement
-
Balance Sheet
-
Statement of All Equity Changes
-
SFRS Accounting Compliance
-
Explanatory Notes
-
Bill Payables
-
Property, Plant & Equipment Schedules
-
Intangible Assets
-
Finance Lease Liability
Frequently Asked Questions
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Contact our experts with any additional questions.
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