Our approach is proactive, and our audit plan is designed to provide reasonable assurance that the financial statements are not materially misstated and are presented fairly in accordance with applicable accounting standards and relevant statutory requirements. Through our affiliation with RSM International, a network spanning 120 countries, we are well-positioned to participate in multi-country, cross-border audits and other assignments.
International Audit Standards
We use auditing techniques developed by RSM International, specifically tailored to meet Singaporeās regulations and requirements. These techniques, which comply with international auditing standards, have been tried and tested internationally.
In brief, we assess risk and materiality in each area of the audit to prioritise those most relevant to substantiating our audit opinion. This approach ensures that we conduct a timely and efficient audit.
Our services include:
Statutory audits
Our audit approach combines best practices and industry expertise, tailored to fit your organisationās size, nature and specific needs. With a deep understanding of regulations and legislation, we are well-equipped to support your reporting and compliance requirements. Throughout the process, we remain focused on the critical role of the auditor as the guardian of shareholders' interests.
Reporting accountant for IPOs
Taking your company public is a significant transformation. As your trusted business advisor, we are here to guide you through the complexities of a public listing, ensuring a seamless and efficient transition. Our services include the issuance of assurance reports on historical and pro forma financial information, providing comfort letters, reviewing profit forecasts and examining filing documents.
Other assurance services
Our auditing techniques are equally effective for a wide range of reports required by stakeholders. This includes verifying information in accordance with regulatory or other criteria necessary for reporting to stakeholders.
- ESG assurance
As ESG continues to gain prominence, there is growing pressure for unified sustainability reporting standards to enhance transparency. Organisations are facing increasing demands to clearly disclose their long-term ESG commitments. This shift has led to a greater focus on non-financial metrics from investors, regulators and other stakeholders. Our ESG Assurance services help enhance the credibility of your sustainability disclosures. - Third-party assurance
We have a dedicated team of professionals who provide controls assurance reports for third-party service providers. This include reports such as the Association of Banks in Singapore (ABS) Outsourced Service Providerās Audit Report (OSPAR).
Special reviews
A special review involves a thorough and objective examination of the business behind the numbers. It helps management identify and focus on critical areas and issues, offering valuable insights and reassurance to both internal stakeholders and external parties.
Due diligence for mergers and acquisitions
Whether youāre involved in an acquisition, merger, floatation, or fundraising exercise, we offer comprehensive due diligence services to help clients make informed decisions at every step.
Regulatory Compliance for Public Interest Entities
In addition to our robust audit methodologies, RSM Singapore adheres strictly to the independence requirements for Public Interest Entities (PIEs) in Singapore. These requirements apply to audits of financial statements for entities such as listed companies, those preparing for Initial Public Offerings (IPOs), large charities and Institutions of a Public Character (IPCs) with annual gross receipts exceeding $10 million in each of the last two financial years, and financial institutions including fund management companies, financial advisors, insurance brokers, trust companies, capital market services licensee and payment institutions.