Support + (65) 6221 4711
You are here: Home faq Audited Accounts

FAQs  Audited Accounts


Is an LLP required to prepare and submit audited accounts to ACRA?

No but the LLP is required to keep accounting and other records for 7 years



Must accounts be kept in accordance with FRS?

The LLP Act does not prescribe the accounting standards to be adopted. But the accounts must still satisfy the "true and fair" view test.



Is an audit of the accounting required?

The LLP Act does not mandate audit for LLPs.



When the LLP is asked to prepare accounts, do they need to comply with FRS?

The LLP Act does not prescribe the accounting standards to be adopted. But the accounts must still satisfy the "true and fair" view test.



Under what circumstances will the Registrar require the accounts to be audited?

The LLP Act does not empower the Registrar to require audited accounts as the law does not mandate financial reporting.



Do we have to file accounts with ACRA? - Does it mean that in order to ensure the financial statements ("FS") reflect true and fair view ,FS is required to be prepared in accordance to Financial Reporting Standards especially for IRAS purpose? (except t

The LLP Act does not prescribe accounting standards to be adopted. But the accounts must still satisfy the "true and fair" view test.




Contact Us
Mr.Eric Eio ,Partner
-CPA & B.Com (Uni Of Sydney)

Contact Us/ Our Management

Tel:(65)6221 4711/ (65) 8484 8816
TESTIMONIALS
I'm very impressed by their quick and reliable response in our queries. They are professional in their job and provide great secretarial,auditing
-John Eng, Mtm Group Pte Ltd, SINGAPORE
Paul Hype Page & Co is a highly reliable company and their staffs serves us with sincerity. I applied my EntrePass with
-Zhang Wei Hua, Hearing Aid Centre Pte Ltd, China
Eric was very helpful and provides excellent advice on incorporating our Singapore Company.He is well-versed in Singapore Visa such as Employment Pass/PR.
-Mr Patel ,Global Impex Pte Ltd, India
See more

Faq Categories