Business in need of audit?
As valuable a process as it is, few organisations relish an audit. In fact, most find it an unwelcome burden. Thankfully no-one understands that better than ONEMillennium’s audit team. Our aim? Stress-free, not stressful.
We’ll ask the right questions to get to know your business well and anticipate your needs. In short, we will save you time, money and reputation-troubling hitches, working swiftly to spot potential problems before they grow into compliance deal breakers.
Support for your business?
A company is exempted from a statutory audit if it qualifies to be a small company which is defined as: (a) A private company in the financial year in question; and (b) it meets at least 2 of 3 following criteria for the immediate past two consecutive financial years:
- total annual revenue ≤ $10m;
- total assets ≤ $10m;
- no. of employees ≤ 50.
- Other requirements (e.g. requirement by MAS, presenting financials to bankers for loans, charities, other stat boards like BCA, STA etc.)
Other assurance services that are carried out include:
- Oversea funds audits
- Sales audit
- Agreed upon procedures
- Due Diligence