Audit and Assurance Services
in Singapore

Accounting and auditing are more than just regulatory requirements – they’re a strategic advantage when done right. At Impetus Group, we help businesses across industries meet audit requirements with confidence and deliver insights that add value. As an established audit firm in Singapore, we provide robust, independent audit attestation and assurance services that help you stay compliant while unlocking valuable business insights.

With a strong team of Chartered Accountants, practical business understanding, and global reach, we deliver independent assurance on your financial statements — giving stakeholders confidence that the numbers are reliable, trustworthy, and backed by professional rigour — whether you’re a local business or a multinational with cross-border needs.

Who Can Benefit from Our Audit Services in Singapore?

Here are the types of businesses that typically require or benefit from audit services:

Private Limited Companies

If your company does not qualify as a small company — that is, it does not meet at least two of the three size criteria for the immediate past two consecutive financial years — it will be required to undergo a statutory audit. Our tailored, practical approach makes the audit process as smooth and efficient as possible — while enhancing transparency and meeting your Companies Act obligations.

Scaling SMEs and Growing Enterprises

Growth often introduces complexity and increased accountability in financial reporting and investor relations. Our audit and assurance services team are your trusted partner on your growth journey, committed to support your scaling business as you attract funding or enter new markets.

International and Cross-Border Entities

As an independent member of PrimeGlobal, we have the global reach to support cross-border audits in more than 120 countries around the world. We collaborate closely with member firms to ensure that group audits are conducted as seamlessly as possible.

Our Core Services

As Public Accountants in Singapore, we tailor our audit and assurance services based on your company’s structure, scale, and regulatory needs. Here’s what our clients can expect when they partner with Impetus Group:

Financial Statements Audit

We provide external audit services across sectors such as retail, healthcare, tech, financial services, manufacturing, trading, and not-for-profits. Our diverse client base includes start-ups, established groups, subsidiaries of MNCs, fund management companies, Variable Capital Companies (VCCs), and charities.

Special Purpose Audits

We conduct tailored assurance engagements beyond standard financial audits. These include audits under SSA 800/805 for special frameworks and specific elements, such as:

  • Maritime Sector Incentive Scheme audits
  • Fundraising appeal audits
  • Licensee gross turnover certification
These audits serve distinct stakeholders or regulatory requirements.

Review Engagements
(SSRE 2400)

Our team provides limited assurance review engagements on historical financial statements for entities that do not require a full audit. Through analytical procedures and inquiries, we assess whether the financial statements appear free from material misstatement — offering confidence to stakeholders even when we are not the statutory auditor

Other Assurance Engagements (SSAE 3000)

For financial or non-financial subject matters not covered by standard audits or reviews, we perform assurance engagements under SSAE 3000. These include:
  • Project account reviews
  • Mortgage or charge-related compliance under licensing conditions
  • Payment Services Act 2019 reporting

Agreed-Upon Procedures (SSRS 4400)

We perform specific procedures agreed upon with stakeholders, focusing on factual findings without providing assurance or opinions. The scope is tailored to your needs, and the results are presented objectively for your own evaluation and decision-making. These engagements focus on specific financial or operational concerns, such as:
  • EDB Grant or Tax Incentive schemes
  • Enterprise Singapore Global Trader Programme
  • Patient Care Network funding reviews

Industry & Regulatory Compliance Audits

We assist clients in meeting regulatory obligations specific to their industry or licensing. From fund management audits to maritime enterprise schemes, our knowledge of Singapore audit requirements, regulatory landscape and wide industry expertise enables us to handle a wide range of audit engagements with precision and insight.
audit attestation and assurance services

How We Deliver Audit Quality in Singapore

We follow a collaborative, risk-based audit approach focused on understanding your business model, operations, and internal controls to deliver a streamlined and insightful audit experience.
  • Initial Engagement & Scoping: Every business is unique. We begin with a comprehensive assessment of your financial reporting environment, risk areas, and compliance landscape.
  • Audit Planning & Fieldwork: Our team develops an audit plan tailored to your industry, operations, and reporting needs. We then conduct audit fieldwork using a structured, technology-enabled approach to ensure accuracy and timeliness.
  • Evaluation & Reporting: Post-fieldwork, we carefully assess our findings and prepare a clear, objective audit report. This report provides your stakeholders and regulators with an accurate and balanced view of your company’s financial position and performance.
  • Continuous Support & Advisory: Beyond the audit report, we offer value-added feedback on risk management, internal controls, and best practices - helping you operate more efficiently and stay compliant year-round.

Why Choose Impetus as Your Singapore Auditor?

Choosing the right audit firm means gaining more than compliance – it means gaining clarity, insight, and confidence in your financials.

Recognised
Expertise

Our Chartered Accountants possess a wealth of industry experience in Singapore across multiple sectors, ensuring quality, credibility, and peace of mind. We take the time to deeply understand your business, enabling us to ask the right questions and provide insights tailored to your unique circumstances.

Global Network, Local Understanding

We support multinational clients with cross-border audits while ensuring full compliance with local regulations through our more than 100-country affiliate network.

Insight-Driven, Risk-Based Approach

Beyond meeting requirements, we identify control risks and process gaps that help improve your internal systems and strategic decision-making.

Your Preferred Partner

With our deep knowledge of Singapore audit requirements and Financial Reporting Standards, we aim to be your preferred partner as you navigate ever-evolving regulatory requirement and increasingly complex accounting issues.

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

A good audit firm takes the time to thoroughly understand your business, allowing them to ask the right questions and deliver insights tailored to your specific needs. They stay knowledgeable and up to date on the latest technical standards and regulatory requirements to ensure compliance. Additionally, they adopt a practical, efficient audit approach that balances rigor with business realities, helping you achieve reliable results without unnecessary disruption. Impetus Group is trusted by clients across industries for exactly these qualities.

A private limited company is required to undergo a statutory audit if it does not qualify as a "small company" under ACRA guidelines. To be exempt, the company must meet at least two of these three criteria for the past two financial years: • Total revenue of not more than S$10 million • Total assets of not more than S$10 million • Not more than 50 employees If these thresholds are exceeded, the company must appoint an auditor and submit audited financial statements annually.

We perform an independent audit of a company’s financial statements to ensure accuracy and compliance with the accounting standards. Our role includes identifying misstatements, assessing internal controls, and providing assurance to shareholders, regulators, and other stakeholders.

It provides stakeholders with confidence that a company’s financial reports are reliable and compliant. It involves a detailed evaluation of financial records, controls, and systems to detect any material misstatements. This process supports informed decision-making and builds trust with investors, partners, and regulators.

Pricing depends on several factors, including company size, complexity of operations, industry, and specific reporting requirements. At Impetus Group, we provide transparent pricing tailored to your needs, ensuring high-quality service without hidden costs. Contact us for a customised quote based on your audit scope.

Businesses that need reliable, compliant, and insight-driven audits - including SMEs, private limited companies, and international entities should consider us. At Impetus Group, we serve clients who value proactive service, local expertise, and a smooth audit experience tailored to Singapore’s regulatory landscape.

Meet Your Audit Requirements with Confidence

Whether you’re a growing business or an established firm, approach Impetus Group for reliable audit and assurance services in Singapore. Let’s simplify compliance while delivering greater financial clarity, efficiently and transparency.