Should small companies in Singapore be audited?

• Main Authors: Fang, Lee Wei, Lee, Shin Peng, Cheong, Ling Foong
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/51124
• Institution: Nanyang Technological University

In Singapore, all companies registered under the Companies Act are required to have their accounts audited. On the other hand, in other countries such as the United States and the United Kingdom, companies falling within a specific criteria need not have their accounts audited. In place of an audit, other alternatives have been implemented. Hence, our research is directed towards ascertaining whether Singapore could adopt the policies of these countries in doing away with the statutory audit for small companies.