Audit & assurance

Independence and rigour that inspire trust for stakeholders and society

In today’s fast-moving business environment, high-quality audit and assurance services in Singapore are vital for companies and their stakeholders. Independent and rigorous auditing not only ensures compliance but also enhances transparency, strengthens relationships and builds public trust in corporate reporting.

By identifying risks and uncovering opportunities, our audit and assurance services provide actionable insights that support better decision-making, enable more effective capital allocation, encourage investment and promote sustainable business growth for firms. 

Our approach

At Forvis Mazars, we believe auditing is more than just numbers. We take a distinctive, human-centric approach that goes beyond compliance, providing insight, clarity and assurance that help companies in Singapore and beyond thrive.

As a globally connected audit and assurance service provider, we serve regional, national and international firms of all sizes and structures. Our integrated structure allows us to work seamlessly across borders, combining the right people with the right skills on every engagement. By leveraging collective knowledge, advanced methodologies and consistent tools, we deliver audits that are efficient, insightful and trusted.

Through our audit and assurance work, we deliver transparency and insights, built on mutual respect and challenge. This approach strengthens confidence in company reporting, creates value for stakeholders, management teams and contributes to the development of sustainable businesses and economies.

How our audits help your company

Our audits are designed to deliver tangible benefits for your company beyond compliance:

• Identify operational improvements: Highlight areas to increase efficiency and reduce risks
• Strengthen stakeholder confidence: Build trust with shareholders, investors and regulators
• Ensure accurate reporting: Provide reliable and transparent financial statements
• Support strategic decisions: Deliver actionable insights to guide your company’s growth

By focusing on practical outcomes, our audits become a tool for better decision-making and long-term success.

Why choose Forvis Mazars as your audit and assurance service provider

• Trusted global firm, local expertise: With deep knowledge of the Singapore market and access to a worldwide network, we combine global standards with local insight.
• Tailored approach: We adapt our methodology to the specific needs of your company, whether you are a growing business or a multinational group.
• People-first mindset: Our teams build strong relationships grounded in openness, professionalism and respect.
• Commitment to quality: Independence and rigour underpin everything we do, ensuring stakeholders receive assurance they can trust.

Take the next step

Contact us today to learn how our expert audit and assurance services in Singapore can help your company operate with confidence, make informed decisions and achieve sustainable growth.

Frequently asked questions (FAQ)

1. Is my company required to be audited in Singapore?  

In Singapore, companies are generally required to have their financial statements audited annually unless they qualify for an audit exemption under the Singapore Companies Act (Cap.50). 

2. When must a new company appoint an auditor in Singapore?  

Under the Singapore Companies Act, unless a company qualifies for audit exemption, an auditor must be appointed within three months from the date of incorporation as part of its audit and assurance obligations. Failure to appoint an auditor within the prescribed timeline may result in regulatory non-compliance and potential enforcement action.

3. What is a statutory audit?  

A statutory audit is an independent examination of a business’s financial statements that is mandated by law to ensure adherence to the Singapore Companies Act and applicable accounting standards. 

4. What is the Singapore Companies Act requirement for audit? 

Under the Singapore Companies Act, companies are required to have their financial statements audited annually by a public accountant registered with the Accounting and Corporate Regulatory Authority (ACRA), unless they qualify for the small company audit exemption , in which case auditor services may not be required. Companies that are audit-exempt are still required to prepare financial statements and comply with the relevant statutory filing requirements.

5. What documents are required for an audit in Singapore? 

• Key financial records and supporting documents, such as: 
• Trial balance and general ledger 
• Financial statements (profit and loss, balance sheet, cash flows) 
• Bank statements and reconciliations 
• Fixed asset schedules 
• Accounts receivable/payable listings 
• Payroll records and schedules 
• Supporting invoices, contracts and expense documentation 

These are usually required for an audit assurance process in Singapore. They aid auditors in evaluating compliance and confirming the accuracy of reported figures.  

Forvis Mazars collaborates with clients to guarantee efficient audit delivery and seamless documentation readiness.