The "Small Company" Test
- Revenue less than S$10.0 million
- Gross assets less than S$10.0 million
- Fewer than 50 employees at year-end
Financial Statements
Statutory financial statements, prepared to meet ACRA and IRAS requirements.
If your company qualifies for audit exemption, you still need a full set of un-audited financial statements each year — we prepare them for you, accurately and on time.
Self-assessment
Do You Qualify for Audit Exemption?
The Companies Act's 2014 amendments introduced the "small company" concept for audit exemption. Your company qualifies if it meets 2 of these 3 criteria:
Part of a group?
If your company is part of a group, these criteria apply on a group basis, not standalone.
What's included
What's Included
Every set of financial statements we prepare contains all 7 statutory components.
What a Financial Statement Contains
- Directors' statement
- Statement of comprehensive income
- Management & control systems review
- Statement of financial position
- Statement of changes in equity
- Statement of cash flows
- Notes to the financial statement
Why Enston
Why Choose Enston
We handle the eligibility check
Not sure if your company qualifies for audit exemption? We assess your revenue, assets, and headcount against the real Companies Act criteria before we start.
Complete, compliant statements
Every set includes the Directors' Statement, full financial position and performance statements, and explanatory notes — everything ACRA and IRAS require.
Fair, itemized pricing
A clear starting fee, with any additional charges tied to real complexity (fixed assets, loans, group structures) — not a flat rate that overcharges simple companies or undercharges complex ones.
Part of one connected service
Pairs naturally with our bookkeeping and tax filing services, so your books, statements, and tax return all come from the same team and the same numbers.
Plans & pricing
A Clear Starting Fee
One annual fee for a complete set of financial statements — additional charges depend on your company's actual complexity.
Financial Statement Preparation
S$ 400.00
per year
- Directors' statement
- Statement of comprehensive income
- Management & control systems review
- Statement of financial position
- Statement of changes in equity
- Statement of cash flows
- Notes to the financial statement
Additional charges may apply
Depending on whether your company has:
- Fixed assets
- Hire purchase loans
- Bank loans / term loans
- Group-level presentation
- Investments in financial instruments
Here to help
Not sure if your company qualifies?
Whether your company is exempt or needs a full audit, talk to an advisor to confirm your next step.