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Audit Exemption for Small Companies - Accounting and - ACRA

Audit Exemption for Small Companies - Accounting and - ACRA

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Services small companies can get from professional firms<br />

- compiling financial in<strong>for</strong>mation engagement<br />

• management of the company is responsible<br />

– <strong>for</strong> the financial in<strong>for</strong>mation provided including<br />

accuracy <strong>and</strong> completeness of the in<strong>for</strong>mation<br />

– to users <strong>for</strong> the financial in<strong>for</strong>mation compiled by<br />

auditors; maintenance of adequate accounting<br />

records <strong>and</strong> internal controls <strong>and</strong> the selection<br />

<strong>and</strong> application of appropriate accounting<br />

policies<br />

© 2010 Foo Kon Tan Grant Thornton LLP

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