Financial Report Services
The following table shows the fees for our financial report service:
Package fee for unaudited financial report services
| Categories | Fees (SGD) |
|---|---|
|
Unaudited Financial Report (Comply with SFRS) -Dormant Company |
S$300 |
|
Unaudited Financial Report (Comply with SFRS) -Micro SME |
From S$400 |
|
Unaudited Financial Report (Comply with SFRS) -Small SME |
From S$500 |
|
Unaudited Financial Report (Comply with SFRS) -Active SME |
From S$600 |
* Mcro SME refer to a company with annual turnover less than S$200,000, and having simple structure.
** Small SME refer to a company with annual turnover more than S$200,000 but less than S$1 million, and having simple structure
*** Active SME refer to a company with annual turnover more than S$1 million, and having simple structure
@ Additional charge of S$100 for capital allowance and or S14Q for renovation
@@ Additional charge from S$100 for company with hire purchase liability / loans
@@@Additional charge of S$60 for each lease contract subject to FRS116 -Lease
@@@@Additional charge of S$500 for a company with Group level presentation
Criteria of audit exemption for a company:
A company qualifies as a small company if:
(a) it is a private company in the financial year in question; and
(b) it meets at least 2 of 3 following criteria for immediate past two consecutive financial years:
1.total annual revenue ≤ $10m;
2.total assets ≤ $10m;
3.no. of employees ≤ 50.
For a company which is part of a group:
(a) the company must qualify as a small company; and
(b) entire group must be a “small group”
to qualify to the audit exemption.
For a group to be a small group, it must meet at least 2 of the 3 quantitative criteria on a consolidated basis for the immediate past two consecutive financial years.
Ascend can draft unaudited financial report for all small company or group, and can offer auditing service through our associated audit firms.
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