The best way to project the true financial picture of a company is by employing a third party audit firm in Singapore which performs an unbiased financial audit of the company, says Singapore’s leading audit services provider, SBS Consulting.
Singapore -- (SBWIRE) -- 12/06/2013 -- The significance of financial audit process has increased manifold in recent times due to some of the high profile criminal cases witnessed whereby, companies have been charged for having financial misstatements in their audited accounts. The one thing that came out of all these cases was the flawed and biased manner in which the audit process was conducted in these companies. It is for this reason that the services of a third party audit firm Singapore becomes necessary.
“As one of the leading audit firms Singapore, we believe that a proper and authentic financial statements audit of a business entity can only be conducted by employing an external auditing firm in Singapore. The independent audit firms in Singapore show the true and fair image of an organization’s financial status to its shareholders, investors and the public at large,” said the business head of one of the top auditing firms in Singapore, SBS Consulting.
The main purpose of the financial audit process is to thoroughly review the financial statements of a company and ensure that there are no material misrepresentation of the accounts and financial dealings of the company. Basically, the financial audit process performed by Singapore audit firms involves a four-step approach:
-> The planning of an audit by gathering the financial data of a company.
-> The determination of internal controls for all the financial dealings of a company.
-> A thorough examination of the internal controls to ensure that all the financial dealings of the company are in compliance with the generally accepted accounting principles (GAAP).
-> And lastly, to present the conclusive report about the financial health of the company.
SBS Consulting which is one of the premier auditing firms in Singapore ( http://www.sbsgroup.com.sg/singapore-auditing-service-cpa-firm/ ) follows the Singapore auditing standards and accounting principles to serve the audit requirements of the small, medium & large enterprises. With its experienced and qualified auditors, the firm fulfills the auditing needs of a company in an honest and unbiased manner.
About SBS Consulting
SBS Consulting is a leading audit firm in Singapore which has expertise in the field of auditing. It was incorporated in 2010 and since then the firm has been delivering its audit services to the Singapore business entities. Broadly, the auditing services of the firm include financial audits, forensic audits, statutory & non-statutory audits, operational audits and many more.
In addition to the audit services, the firm also offers services for other domains such as company formation, tax & accounting, corporate secretarial, payroll and work visas.
SBS Consulting Pte Ltd
35-B Hongkong Street,
Singapore - 059674
Tel: +65 67289142