Find the Right Audit Firm for your Company in Singapore!

Posted by Lee & Hew Public Accounting Corporation on March 16th, 2020

How many companies in Singapore, look forward to their annual audit? The answer is what you expected – Zero! Yes, you read that right. No company wants the additional burden of an audit at the end of the financial year when already there is a huge pressure of closing the accounts and doing various other jobs concerning the different departments of any business. But it’s inevitable, kind of like an annual health check-up that says everything is ok with your body's system. This audit is done to determine the health of your business so that it’s strong enough to meet the goals set for the coming financial year without much hassles. So even though you aren’t much happy about it, you need to go for these annual audits for your organization.

How to look for them?

Now comes the question, where to find such audit services in Singapore? Well these days with the growing need and popularity for such audit firms in this country, there is quite an abundance of such companies. Sometimes it can be hard to pick the right company that will be able to meet all your requirements. Here, take a look at these few tips which can make your decision making process a bit easier.

Look at the size

Size does matter when it comes to choosing an audit firm in Singapore, to partner with. You can opt for the large reputed firms but their charges will be high due to the unlimited resources and vast teams that they have. For a small company, such a huge amount of resources is not at all necessary and it will hike your costs for nothing. But if you are a big corporation then a small firm will be completely lost trying to audit your organization. This is why it is always advised to pick a firm depending on the size of your own organization so that you pay for the appropriate amount of resources as well as the manpower you are utilizing.

The locality is important too

Hiring a small audit firm in Singapore isn’t that different from hiring an employee. How? Well, when you hire a company, you are not only availing their services but are also getting an entire team of professionals armed with the most advanced tools and technologies, ready to work as per your requirements. This way you are getting all the facilities of an in-house team without facing the hassles related to it. But if you hire an employee it is obvious you would want him/her to be a local so that you can have access to them easily and it’s also easier to get the background checks done. So follow the same protocol for the audit firms too! Always make sure that it’s a local company, as that way you can walk into their office and take a look at how things are being done. You can even visit, after hiring them, to check-up on your projects and their progress.

These were just a few of the countless tips that can help you to make the right choice, but for the best services, you can visit Lee & Hew anytime or call them up for a free consultation.