Statutory Audit Services in Singapore

At Impetus Assurance PAC, we deliver independent audit services that not only assures the reliability of your financial information while gaining meaningful insight into your financial performance. Our team of Chartered Accountants brings deep technical knowledge and a commitment to quality with every engagement.

Whether you’re a growing startup, an established enterprise, or part of a global organisation, our audits are designed to strengthen transparency, build confidence among stakeholders, and support smarter decision-making.

Beyond the Numbers: Why Audits Matter

It goes beyond compliance – it adds real value by enhancing financial transparency and instiling stakeholder confidence. Here’s how your business can benefit:

Improved Stakeholder Confidence

Verified financial statements increase trust among investors, lenders, and partners, supporting stronger business relationships.

Early Risk Identification

Audits help detect financial irregularities or control weaknesses before they escalate, reducing the risk of costly issues.

Enhanced Internal Controls

Audit findings often lead to improved systems and processes, contributing to better governance and operational efficiency.

Our Financial Audit Services

  • Annual Financial Statements Audit: A comprehensive analysis of your financial statements to establish whether they reflect a true and fair view in line with Singapore Financial Reporting Standards (SFRS).
  • Group Audits: We are part of PrimeGlobal, an award-winning association of more than 100 member firms worldwide. Our global reach allows us to handle audits for companies with complex structures, including multi-entity and cross-border operations, ensuring consistency across all reporting levels.
  • Internal Control Assessment: As part of the audit, we review internal processes and controls to help you identify gaps and reduce the risk of errors or fraud.
  • Management Letters & Recommendations: Beyond the audit report, we provide actionable insights to improve your accounting systems, financial controls, and compliance posture.
  • Trusted Insights for Management: Our audit goes beyond number-crunching — we provide management with independent insights that support better decision-making, highlight areas for improvement, and strengthen financial stewardship.
  • Efficient Audit Planning: We work closely with your team to plan the audit effectively, setting clear expectations, timelines, and deliverables — ensuring a smooth and coordinated audit process.

Our Audit Approach

We follow a structured, transparent audit process designed to meet statutory requirements while minimising disruption to your operations. Here’s how we typically approach each engagement:

Preliminary Audit Planning

We begin by understanding your business and revenue model, business operations, and organisational structure to identify potential audit risks and designing an appropriate audit strategy.

Risk Assessment

Our team conducts a risk-based assessment and prepares a tailored audit plan in accordance with Singapore Standards on Auditing (SSA).

Fieldwork & Evidence Collection

We review financial records, internal controls, and supporting documentation to gather sufficient and appropriate audit evidence.

Preliminary Audit Planning

Each month, we handle your bookkeeping, reconcile accounts, and generate key reports. You get clean, timely financials that help with better decision-making.

Review & Final Deliverables

We present the audited financial statements, issue a management letter (if needed), and remain available to address follow-up questions.

Why Choose Impetus for Statutory Audit Services in Singapore?

We combine deep technical expertise with a practical, business-minded approach to deliver reliable, efficient audits that add real value to your business.

Experienced Audit Professionals

Our team of Chartered Accountants is highly skilled in Singapore’s financial reporting standards and statutory requirements, ensuring precise and compliant audits.

Industry-Specific Expertise

We understand the unique audit challenges across various sectors - from startups and SMEs to multinational corporations and non-profits.

Global Capabilities with Local Insight

Through our international network, we manage both local and cross-border audits while staying aligned with Singapore’s regulatory environment.

Transparent, Collaborative Process

We maintain clear communication at every stage of the audit, providing proactive updates and fast responses to your queries and concerns.

Meet Our Expert Audit Leaders

Sharon Seah

With over 18 years of expertise in accounting, compliance, business advisory and assurance services, Charlene has served a diverse range of clients across various industries including technology and software, shipping, trading, charitable or not-for-profit activities, investment-holding, and others. She provides effective and practical advice to businesses seeking a trusted advisor for their accounting and compliance matters. 

Lynn Phang

Lynn possesses deep and diverse experience and skills across audit and assurance, tax, deal advisory (buy-side and sell-side), and other transaction support services such as due diligence and pre-IPO advisory. She possesses a deep understanding of commercial operations, which, combined with her technical expertise, makes her a reliable and trusted strategic advisor to clients at all stages of the business growth cycle.

Frequently Asked Questions

Statutory audit services involve an independent examination of a company’s financial statements, conducted in accordance with the Singapore Companies Act and Singapore Financial Reporting Standards. The audit provides assurance that the financial statements present a true and fair view, helping businesses meet regulatory obligations while enhancing transparency and financial confidence.

It is required for companies that meet at least two of the following in the immediately preceding two financial years: annual revenue above SGD 10 million, total assets exceeding SGD 10 million, or more than 50 employees. We offer a no-obligation consultation to help assess whether your company is subject to a statutory audit requirement under the Singapore Companies Act.

We go beyond compliance - we offer insights into business performance, internal control system gaps, and financial risks. Whether you're a local SME or a multinational subsidiary, our team has the expertise to deliver reliable, independent audits that meet statutory requirements while adding value through practical, business-focused recommendations.

We serve a wide range of industries including tech, manufacturing, retail, logistics, and non-profits. Our audit team tailors each engagement to reflect your industry’s unique financial reporting and risk profile.

Absolutely. We specialise in supporting foreign-owned companies and local branches of foreign companies with their Singapore statutory audit obligations, ensuring they remain compliant while aligning with global group-level reporting needs.

The audit timeline varies depending on your company’s size and complexity and the completeness of your records. Typically, it takes between 8 to 12 weeks from initial planning to final reporting for a relatively straightforward engagement.

Simply contact us through our website or email to schedule a consultation. We’ll review your needs and provide a clear proposal - tailored to your timeline, budget, and other requirements.

Trusted Audit Services in Singapore

Partner with Impetus Group for audits that go beyond compliance
— delivering insights, confidence, and clarity for your business.