{"id":7602,"date":"2024-02-26T02:22:53","date_gmt":"2024-02-26T02:22:53","guid":{"rendered":"http:\/\/mindfox.co\/?page_id=7602"},"modified":"2024-03-14T07:46:55","modified_gmt":"2024-03-14T07:46:55","slug":"non-statutory-audits","status":"publish","type":"page","link":"https:\/\/lowyap.com.sg\/index.php\/non-statutory-audits\/","title":{"rendered":"Non-Statutory Audits"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||-71px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.23.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/lowyap.com.sg\/wp-content\/uploads\/2024\/02\/getty-images-IT9eE45jL24-unsplash.jpg&#8221; title_text=&#8221;getty-images-IT9eE45jL24-unsplash&#8221; disabled_on=&#8221;off|off|on&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h1 style=\"text-align: left;\"><span style=\"font-size: 32px; line-height: 40px;\">Non-Statutory Audits<\/span><\/h1>\n<p><span style=\"font-size: xx-large;\"><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 18px; line-height: 27px; text-align: left;\"><span style=\"font-family: inherit; font-weight: normal; font-size: x-large;\"><span style=\"font-size: 18px; line-height: 27px;\">Companies do not require statutory audits if they meet the requirements for exemption or if they are incorporated in jurisdictions where statutory audits are not required<\/span><\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 18px; line-height: 27px; text-align: left;\"><span style=\"font-family: inherit; font-weight: normal; font-size: x-large;\"><span style=\"font-size: 18px; line-height: 27px;\">Nonetheless, companies that are exempt from statutory audit may request for audits of their financial statements.<\/span><\/span><\/span><span style=\"font-size: 18px; line-height: 27px; text-align: left;\"><span style=\"font-family: inherit; font-weight: normal; font-size: x-large;\"><span style=\"font-size: 18px; line-height: 27px;\"><\/span><\/span><\/span><span style=\"font-size: 18px; line-height: 27px; text-align: left;\"><span style=\"font-family: inherit; font-weight: normal;\"><\/span><\/span><\/p>\n<p><span style=\"font-size: 18px; line-height: 27px;\"><span> <\/span><\/span><\/p>\n<p><span style=\"font-size: 18px; line-height: 27px;\"><\/span><\/p>\n<p><span style=\"font-size: 18px; line-height: 27px;\"><\/span><\/p>\n<p><span style=\"font-size: 18px; line-height: 27px;\"><\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/lowyap.com.sg\/wp-content\/uploads\/2024\/02\/getty-images-IT9eE45jL24-unsplash.jpg&#8221; title_text=&#8221;getty-images-IT9eE45jL24-unsplash&#8221; disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;34px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; min_height=&#8221;111.3px&#8221; custom_padding=&#8221;||5px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.23.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||1px|||&#8221; hover_enabled=&#8221;0&#8243; inline_fonts=&#8221;lyon&#8221; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p style=\"text-align: left;\"><span style=\"font-family: lyon; font-size: 32px; line-height: 40px\">Examples of reasons for such requests:<br \/>\n<\/span><strong><span style=\"font-family: lyon; font-size: xx-large;\"><br \/>\n<\/span><\/strong><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||-1px|||&#8221; custom_padding=&#8221;0px|||||&#8221; hover_enabled=&#8221;0&#8243; custom_css_free_form=&#8221;#et-main-area ul {||    padding-bottom: 0;||}||||.entry-content selector li li li { ||    list-style-type: circle !important;||}||||.entry-content selector li li { ||    list-style-type: circle !important;||}||||||.entry-content selector li li li li { ||    list-style-type: square !important;||}||||.entry-content selector li li li li li { ||    list-style-type: square !important;||}||||.entry-content selector ol ol li { ||    list-style-type: lower-roman !important;||}||||selector.et_pb_toggle ol li{||    padding-bottom: 15px !important;||}||selector.et_pb_toggle ol li li{||    padding-bottom: 0px !important;||}&#8221; inline_fonts=&#8221;helvetica-neue-lt&#8221; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<ul>\n<li style=\"text-align: left;\"><span style=\"font-family: helvetica-neue-lt; font-weight: normal; font-size: 18px; line-height: 27px;\">To identify significant errors or misstatements, particularly if a company\u2019s financial statements are prepared for group consolidation, or if there are concerns about potential errors in the financial statements.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: helvetica-neue-lt; font-weight: normal; font-size: 18px; line-height: 27px;\"><\/span><\/p>\n<p><span style=\"font-family: helvetica-neue-lt; font-weight: normal; font-size: 18px; line-height: 27px;\"><\/span><\/p>\n<ul>\n<li style=\"text-align: left;\"><span style=\"font-family: helvetica-neue-lt; font-weight: normal; font-size: 18px; line-height: 27px;\">To fulfil contractual requirements of one or more of the following: &#8211;<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: helvetica-neue-lt; font-weight: normal; font-size: 18px; line-height: 27px;\"><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"text-align: left;\"><span style=\"font-family: helvetica-neue-lt; font-weight: normal; font-size: 18px; line-height: 27px;\">Shareholders\u2019 Agreements;<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-family: helvetica-neue-lt; font-weight: normal; font-size: 18px; line-height: 27px;\"><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"text-align: left;\"><span style=\"font-family: helvetica-neue-lt; font-weight: normal; font-size: 18px; line-height: 27px;\">Joint Venture Agreements;<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-family: helvetica-neue-lt; font-weight: normal; font-size: 18px; line-height: 27px;\"><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"text-align: left;\"><span style=\"font-family: helvetica-neue-lt; font-weight: normal; font-size: 18px; line-height: 27px;\">Loan Agreements;<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-family: lyon; font-weight: normal; font-size: 18px; line-height: 27px;\"><span style=\"font-family: helvetica-neue-lt;\"><\/span><\/span><\/p>\n<p><span style=\"font-family: lyon; font-weight: normal; font-size: 18px; line-height: 27px;\"><span style=\"font-family: helvetica-neue-lt;\"><\/span><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"text-align: left;\"><span style=\"font-family: lyon; font-weight: normal; font-size: 18px; line-height: 27px;\"><span style=\"font-family: helvetica-neue-lt;\">Any other relevant Agreements<\/span> <\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Non-Statutory Audits Companies do not require statutory audits if they meet the requirements for exemption or if they are incorporated in jurisdictions where statutory audits are not required Nonetheless, companies that are exempt from statutory audit may request for audits of their financial statements. Examples of reasons for such requests: To identify significant errors or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-7602","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/lowyap.com.sg\/index.php\/wp-json\/wp\/v2\/pages\/7602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lowyap.com.sg\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/lowyap.com.sg\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/lowyap.com.sg\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lowyap.com.sg\/index.php\/wp-json\/wp\/v2\/comments?post=7602"}],"version-history":[{"count":5,"href":"https:\/\/lowyap.com.sg\/index.php\/wp-json\/wp\/v2\/pages\/7602\/revisions"}],"predecessor-version":[{"id":8199,"href":"https:\/\/lowyap.com.sg\/index.php\/wp-json\/wp\/v2\/pages\/7602\/revisions\/8199"}],"wp:attachment":[{"href":"https:\/\/lowyap.com.sg\/index.php\/wp-json\/wp\/v2\/media?parent=7602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}