Auditing and Assurance
At NSC & Associates PAC, we provide a cost effective auditing and assurance services to a wide range of industries in small and medium-sized enterprises.
Our fundamental work is to deliver high quality audit services while adhering to the highest standards of independence, professional objectivity and technical excellence in accordance with international accepted auditing standards.
Our audit services include:
- Statutory audit
- Internal audit
We offer audit services to examine our clients’ financial statements and to evaluate the fairness of presentation of the statements in accordance with the Singapore Financial Report Standards and the Singapore Companies Act.
We ensure that the report is presented in conformity with statutory audit reporting for filing with Accounting and Corporate Regulatory Authority of Singapore (ACRA), and Comptroller of Income Tax.
We are also focusing on the business operations of our clients, being mindful of our role as provider of insightful information for shareholders and a solid and unbiased report for business investment and expansion.
Internal auditing helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. We recognise the need for business to be proactive and quick to implement solutions in view of the rapid pace of the evolving commercial landscape due to turbulent economic conditions and relentless globalization, and new risks springing up.
Our comprehensive ranges of internal audit include:
- Helping organization develop and implement risk based internal audit methodologies
- Helping firms carry out risk assessment evaluation and testing
- Advising on the establishment of robust internal control system
- Providing specialized additional resource to in-house internal audit departments
- Liaising with external auditors in relation to their annual statutory audit procedures
Assurance service is a service that aims to improve the information or context of the information so that decision makers can make more informed decisions.
Often, manager of companies must make decisions on incomplete or inaccurate data and these decisions may be incorrect and increase the overall business risk. With the experience of our auditors, we can provide such assurance services to our clients to help them make better decisions to reduce their business risk.