What documents do auditors ask for? singapore
- Roger Pay
- Aug 22, 2024
- 2 min read
Documents Auditors Typically Request in Singapore
Auditors in Singapore typically request a wide range of documents to assess the accuracy and completeness of a company's financial statements. While the specific documents may vary depending on the nature of the business and the scope of the audit, here are some common examples:
Financial Statements
Income Statement:
Shows the company's revenues, expenses, and net profit or loss.
Balance Sheet: Lists the company's assets, liabilities, and equity.
1. Financial Statements 101: How to Read and Use Your Balance Sheet - APA Services
Cash Flow Statement: Tracks the inflow and outflow of cash.
1. How to Read & Understand a Cash Flow Statement | HBS Online
Supporting Documents
General Ledger: The primary accounting record that summarizes all financial transactions.
Journal Entries: Detailed records of individual transactions.
1. Double Entry: What It Means in Accounting and How It's Used - Investopedia
Bank Statements: Records of all bank transactions.
1. What is the Bank Statement: Purpose and Examples - HighRadius
Accounts Receivable and Payable Records: Details of amounts owed to and by the company.
Inventory Records: Information on the quantity and value of inventory.
Fixed Asset Records: Documentation of property, plant, and equipment.
Payroll Records: Information related to employee wages, taxes, and benefits.
Tax Returns: Corporate income tax returns and other relevant tax filings.
Contracts and Agreements
Customer and Vendor Contracts: Agreements with customers and suppliers.
Lease Agreements: Contracts for the rental of property.
1. Lease Definition and Complete Guide to Renting - Investopedia
Employment Contracts: Agreements with employees.
1. Employment contract guide for employers in Singapore - Payboy
Other Documents
Board Meeting Minutes: Records of board discussions and decisions.
1. Board Meeting Minutes: A Complete Guide And Free Template - Boardable
Management Representations: Written statements from management regarding the accuracy of financial information.
Audit Committee Minutes: Minutes of the audit committee's meetings.
Internal Audit Reports: Reports from the company's internal audit function.
Regulatory Filings: Documents filed with regulatory authorities.
Note: This is a general list and the specific documents requested may vary depending on the individual circumstances of the company and the audit. It's advisable to consult with a professional auditor or accountant for more tailored advice.
Sources and related content
What documents do auditors ask for?
What documents do you need for an audit?
Comments