Singapore’s taxation environment and financial reporting requirements are constantly changing. Not keeping abreast of these changes could result in penalties, composition fines or even a prison sentence. Ignorance and being “too busy” running your business are not acceptable reasons for non-compliance. Therefore, it is very important that you work with an external accounting firm like Aspri Associates to help your Company and its directors keep up-to-date with your statutory obligations and reporting deadlines.
Our role is to work closely with your in-house accountant(s) to review your Company’s monthly accounting records and to accurately compile the year-end financial statements/report. For small ventures, we can prepare your year-end accounting and financial statements from scratch (even if that entails sorting through bags of receipts, invoices, receipts and bank statements)! Our objective is to make sure that your accounting records are in order, and to deliver a detailed set of financial statements that not only meet ACRA and IRAS requirements, but can also provide you with exceptional clarity about your Company’s financial position and performance.
Our team of qualified and engaged accountants can be fully relied on to look after your compliance accounting, financial reporting and taxation matters.
If you require your accounts to be audited, we can provide you with quality audit reports (and supporting audit papers and accounting schedules) comparable to those produced by large audit firms. However, unlike large audit firms, you will be assigned a Senior/Manager level Audit staff to oversee your Company’s audit – regardless of the size of your job. Furthermore, our fees are not based on the turnover of your company/AUM, but on the time and complexity of work involved.
At Aspri Associates, we work closely with a select panel of medium-size audit firms so we can allocate audit jobs according to the right “fit” of experience and fees. Our team and our audit partners’ staff undergo continuous training to stay abreast of updates in FRS and audit principals, so you can be assured that in our case being “small” means that we can be more flexible and nimble in adapting to changes and offering you customized audit packages.