Audit Services

In Singapore, auditing is not merely a compliance requirement but a foundation of corporate transparency and sound governance. MSMC ASIA’s Audit and Assurance team consists of experienced Public Accountants who are well-versed in the Companies Act 1967 and the latest ACRA regulations, providing statutory audits, special audits, internal audits, and charity audits for businesses of all sizes.

Overview

Our mission is to help businesses enhance financial transparency, strengthen management efficiency, and ensure compliance with Singapore Financial Reporting Standards (SFRS) and local regulatory requirements. Our audit services cover all types of company structures—from SMEs to multinational groups—delivering forward-looking and compliant professional support.

We have extensive experience serving clients in:
Trading, Shipping & Logistics, Investment Holding, Real Estate Development, Variable Capital Companies (VCCs), Fund Management, and Family Offices.

Audit Exemption for Small Companies

Under Section 205C of the Companies Act, a private company may be exempted from audit if it meets at least two of the following:

Total annual revenue not more than SGD 10 million
Total assets not more than SGD 10 million
Number of employees not more than 50

MSMC ASIA assists companies in determining eligibility for small-company or small-group status and ensures compliance with ACRA reporting standards.

Core Services

I. Statutory Audit

We provide annual statutory audits for private companies, subsidiaries of foreign entities, and non-profit organizations. All reports comply with SFRS and ACRA requirements, meeting the expectations of banks, investors, and regulatory bodies.

II. Special and Rental Audits

We conduct audits for tenancy agreements, franchise operations, government grant programs (EDG, MRA, Startup SG, EnterpriseSG), and internal control reviews.

III. Charity and Non-Profit Audits

All charities and Institutions of a Public Character (IPCs) in Singapore must comply with FRS and CAS. MSMC ASIA provides independent and transparent audits that enhance governance and build public trust.

IV. Internal Audit and Risk Review

We help organizations identify potential risks, improve internal processes, and enhance management transparency.
Our team supports boards and management in establishing effective internal control and risk management systems.

Why Choose MSMC ASIA

Deep understanding of Southeast Asia’s regulatory environment
ACRA-registered professional accountants
Comprehensive knowledge of Companies Act amendments and SFRS
One-stop professional services: Audit, Tax, Accounting, Legal
Dedicated to compliance and growth for Chinese and regional enterprises
Proven expertise across Trading, Shipping, Investment, Real Estate Development, and VCC structures

Kindly contact us to explore tax planning solutions designed to support your business goals.

Morningstar Management Consulting Pte. Ltd.

#23-08 The High Street Centre, Singapore 179094