Audit Support in Singapore

Audit Support.
Without the Scramble

For established companies that need an audit, DigiSME prepares your audit schedules, drafts full financial statements, and liaises directly with your auditor so the engagement runs smoothly from request to sign-off.

A wholly-owned subsidiary of Info-Tech Systems, the only SGX-Listed SAAS Company

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"Small Company" Audit Exemption

Do I need an Audit?

Not every company has to be audited. A company is exempt as a "small company" when it meets both of the conditions below. We assess this first so you never pay for an audit you don't need.

1
It is a private company throughout the financial year

The exemption applies only to companies that were private for the full financial year in question.

2
It meets at least two of three criteria for the past two consecutive financial years

Each threshold is measured against your financial statements prepared per accounting standards.

≤ S$10M

Revenue

Total revenue of S$10 million or less, based on financial statements per accounting standards.

≤ S$10M

Total Assets

Total assets of S$10 million or less, measured at year end.

≤ 50

Employees

50 or fewer full-time employees at the end of the financial year.

How DigiSME supports your audit

Clean books all year mean audit isn't a fire drill, it's a hand-off. Here's the flow into sign-off.

1
Assess the exemption

We check your audit status at the small-company criteria to confirm whether an audit is actually required.

2
Year-end financials

We close the books and draft full financial statements from reconciled, audit-ready records.

3
Prepare schedules

We prepare the detailed breakdowns for figures in the financial statements, then hand them to your auditor.

4
Liaise to sign-off

We field auditor queries and resolve findings, then coordinate the AR filing with your corp-sec.

What’s Included

What our Audit Support Covers

Audit-ready businesses need three things in place before an auditor can sign off. We prepare all of them.

Supporting schedules

We prepare the supporting schedules, such as depreciation schedule for fixed assets, ageing schedule for receivables and payables, and loan amortization table.

Auditor liaison

We deal directly with your appointed auditor answering queries, providing documents, and resolving findings so you're not stuck in the middle.

Full financial statements

We draft your complete year-end financial statements and coordinate with your corp-sec on the ACRA Annual Return filing.

Filing Statements

XBRL & consolidation, sorted

Once statements are final, they're filed with ACRA and groups may need to consolidate. We handle both, and tell you which applies.

XBRL filing

Exempt

Dormant companies; solvent EPCs with no corporate shareholders & under 20 shareholders.

Simplified XBRL

Revenue or total assets below S$500K

Full XBRL

Revenue or total assets above S$500K

Submitted to ACRA together with the Annual Return.

Consolidation

REQUIRED WHEN

Your company holds more than 50% of another entity — i.e. it has subsidiaries.

WHAT IT MEANS

Group financials combine parent and subsidiaries as one entity, eliminating intercompany items.

NOT REQUIRED IF

Wholly or partially owned by another entity whose parent prepares public consolidated SFRS financials.

Still useful even when exempt — voluntary consolidation helps when seeking funding or engaging global partners.

Make your next audit a hand-off  

Talk to us today, we'll confirm whether you need an audit, get your records ready, and work alongside your auditor to sign-off.