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Compilation Financial Statements and Reports Services in Singapore

Package Fee for Compilation of Financial Statements and Reports

Package Available	Fee (SGD)
Compilation of Unaudited Financial Statements (Comply with Singapore FRS) – Dormant Company	From $300 (W/GST $327)
Compilation of Unaudited Financial Statements (Comply with Singapore FRS) – Micro SME	From $400 (W/GST $436)
Compilation of Unaudited Financial Statements (Comply with Singapore FRS) – Small SME	From $500 (W/GST $545)
Compilation of Unaudited Financial Statements (Comply with Singapore FRS) – Active Company	From $700 (W/GST $763)

* Additional charge from $100 (W/GST $109) for company with more than 1 category of fixed asset
** Additional charge from $200 (W/GST $218) for company with hire purchase liability / loans
*** Additional charge from $700 (W/GST $763) for company with Group Level presentation
**** Additional charge from $500 (W/GST $545) for company with Construction business and required to comply with FRS 11
****** Additional charge is applicable if there is any investment in Financial Instruments.
******* Additional charge is applicable if the Company’s financial period is more than 12 months.
******** Micro SME refers to a company with less than S$200,000 revenue, having simple structure and owns by local individual(s)
********* Small SME refers to a company with more than S$200,000 but less than S$1,000,000 revenue, having simple structure and owns by local individual(s)

Most private limited companies in Singapore are no longer required to have their accounts audited if they satisfy as a small company or belongs to a group which qualifies as a small group.

Exempt private companies — which have no corporate shareholders and no more than 20 individual shareholders — with turnover of less than S$5 million for the accounting year can file unaudited reports. Dormant exempt companies are also exempt from submitting audited reports.

All other companies are required to appoint an auditor within three months of incorporation and be prepared to submit audited reports to ACRA. The accounts must be audited annually.

3E provides full account services, drafting of unaudited financial reports for exempt companies and offering audit service through our associated audit firms. Our associate’s audit services include auditing of financial statements which comply with ACRA’s and IRAS’s statutory requirements.

You may download a Sample Unaudited Financial Statement for reference.