Audit & Assurance

Let Gsure Handle Your Audit & Assurance Matters

Statutory Audit

To perform statutory audit for companies in compliance with Singapore Standards of Auditing (SSAs) and Singapore Financial Reporting Standards (FRSs). Our audit services cover a wide range of industries such as trading, manufacturing, construction, servicing, IT, money changer and shipping, etc. A statutory audit is a legally required review of the accuracy of a company’s financial records. Statutory financial statement audit plays a critical role in creating and maintaining investor confidence and can unlock valuable insights into the business.

Gross Sales Audit

For retail tenants and commercial real estate professionals, an audited statement of the tenant gross sales for each month is normally required to be submitted to their landlord at the end of the tenant’s financial year. Monthly rent payable is determined from the base rent component in accordance with gross sales provision. Extra rent is paid based on a percentage of gross sales. The tenant’s gross sales shall be certified by a Public Accountant as conclusive of the amount of the gross turnover of the relevant period.

MCST Audit

An increasing number of Management Corporation Strata Titles (MCST) were constituted in recent years which lead to the growing expectation of property owners and managing agents in managing strata-titled developments. Members of the management corporations of such properties are required to be equipped with the knowledge under the provisions of the Building Maintenance and Strata Management Act (BMSMA).

Travel Agency Audit

All travel agency licensees must submit a copy of the Audited Statement of Accounts within 6 months after the close of the company’s financial year. Submission of Audited Statement of Accounts is to allow for verification of applicants’ and licensees’ net value and financial health to ensure that they have sufficient capital to operate and not pose a risk to the traveling public. A licensee may, for the financial year of the licensee that closes on or after 1 March 2020, submit a copy of the licensee’s financial statements certified by an independent auditor in accordance with the Singapore Standard on Review Engagements (SSRE) 2400 (Revised): Engagements to Review Historical Financial Statements instead of the copy of the licensee’s audited statement of accounts. Our experts will work with you to meet your regulatory requirements and renew your license on time.

Construction Contract Audit

A construction audit is a review of various aspects of a project to ensure they are performing appropriately and in keeping with the contract. It is a crucial tool for keeping everything on track and under budget. Engaging the services of an auditor becomes more important as your construction business grows and works to meet the needs of investors or clients. With years of construction contract audit experience, we understand the nuances of complex project and contract requirements. We can work with your company to review construction contract to address potential contract compliance issues; and develop a self-auditing process to proactively address these issues. Our audit procedures extend beyond a cursory check to ensure guidelines and specifications are followed. We provide a full audit service including structured reviews throughout the construction process while focusing heavily on keeping project costs within budget.

Other Special Purpose Audit

We provide special audit services under Singapore Standards on Review Engagement (SSRE) to meet our client’s specific requirements. Our special audit services includes (the list is not exhaustive):

  • Cargo tonnage audit
  • Certification for Building Construction Authority (BCA)
  • Government grant audit
  • PIP scheme audit
  • Verification of expenses/claims

We also provide agreed-upon procedures, which we will agree with the management and report on factual findings.