Established 1984
   

Our Products
(Click here)

FSReview
 
Do you know there are now 41 mandatory FRS? What is a FRS?  
 
Previously financial statements have to comply with Singapore Accounting Standards set by the Institute of Certified Public Accountants of Singapore. It was the responsibility of the auditors to certify that the audited financial statements comply with these Accounting Standards. The Companies Act only require that the directors certify the audited financial statements show a true and fair view.
 
From this year onwards, all financial statements have to comply with mandatory Financial Reporting Standards (“FRS”) which are now incorporated as regulations under the Singapore Companies Act. This means that directors of companies have the added responsibility to ensure that their financial statements comply with an increasing number of FRS, some of which are quite complex and require both judgement and application.
 
Do you know FRS 39 on Financial Instruments : Recognition and Measurement has now been gazetted?
 
Directors may not be able to rely on their book-keeping staff to get their financial statements properly written up. Instead of doing an audit, we can do a Financial Statements Review and let you know if these financial statements need to be improved so as to comply with mandatory Financial Reporting Standards. A FSReview will cost less than an audit.
Please do not hesitate to contact us at 6737 7808 (client services ext.15) should you have any enquiries.
 
<< Back
 
Copyright Tan Leng Cheo & Partners. All rights reserved.
Privacy Policy | Legal Disclaimer | Email Webmaster