Unaudited Financial Reporting Services

  • Director’s Statement
  • Statement of Profit or Loss and Other Comprehensive Income
  • Statement of Financial Position
  • Statement of Changes in Equity
  • Statement of Cash Flows
  • Notes to the Financial Statements
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What is Unaudited Financial Statement?

Unaudited Financial Statement means the compilation of annual report of a private company. Profit-and-loss statements, the balance sheet, and the financial statement are collected to provide an overview of the company’s financial health.
You must have the Unaudited Financial Statements for Annual General Meetings, tax submission, and accountability to the company’s shareholders. Unaudited Financial Statements can be used to apply bank loans, seek for government grants, and meet regulatory requirements in specialized industries.
A company that is exempt from the audit requirement must still prepare a complete set of unaudited Financial Statements in accordance with Singapore Financial Reporting Standards , complete with :
  • Director’s Statement
  • Statement of Profit or Loss and Other Comprehensive Income
  • Statement of Financial Position
  • Statement of Changes in Equity
  • Statement of Cash Flows
  • Notes to the Financial Statements

Exemptions From Statutory Audit

According to the Singapore Company Act, corporations that qualify for the “small company” category must be private companies in the current financial year and must have met at least two of the three criteria listed below within the previous two financial years:
  • Total revenue not exceeding S$10 million
  • Total assets not exceeding S$10 million
  • Number of full time employees not exceeding 50

Why Choose YCS to Prepare the Unaudited Financial Statement?

Generally, the Unaudited Financial Accounts (also known as Compilation of Annual Report) is nesessary while submitting income tax returns with IRAS and Annual Returns with ACRA. In addition to filing with the ACRA and IRAS, it is essential to have the unaudited financial statements prepared for presentation at the AGM.
Your Corporate Solutions (YCS) is a professional organization with qualified personnel. We are here to ensure that the submission of unaudited financial statements in Singapore is straightforward for you and your company. We assist you in keeping track of all changes and implementing them into the Singapore-required preparation of Unaudited Financial Statements. We will also monitor all Unaudited Financial Statements for your business, ensuring that it remains in good standing with financial market regulators.

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