Auditing Services

Our auditing arm, Joe Tan & Associates / JT NAC PAC delivers independent, efficient, effective and comprehensive audits to help ensure your financial statements meet the regulatory and business requirements. We are renowned for our auditing services in Singapore, ensuring compliance and credibility in financial reporting.

Regular audits are essential to establishing credibility and building reputation. Companies that have good credible financial reporting stand to gain credibility internationally with leading sources of capital.

We deliver independent, objective and high quality assurance services through our core audit practice. Our auditing arm, Joe Tan & Associates / JT NAC PAC is committed to delivering independent, efficient, effective and comprehensive audits. As a respected company auditor, provide quality assurance services to help ensure that our clients’ financial statements meet the regulatory and business requirements as well as to lend credibility to the company’s financial statements.

We believe in high quality audits. Our audits are led by partners who are heavily involved in the engagements and ensure staffs have the appropriate level of skill and knowledge with respect to our clients’ businesses.

We provide auditing and assurance services for a wide range of industries such as small and medium-size enterprise, multinational corporations and subsidiaries of local and overseas listed companies.

Our audit and assurance services include the followings:

  • Statutory audit
  • Due Diligence
  • Internal audit
  • Other attestation work
  • Compilation services

Statutory Audit

Our primary goal as statutory auditors is to render an opinion on the financial statements in accordance with generally accepted auditing standards.

In addition, we seek to add value to our attest services by effectively communicating the business implications of our audit results. For example, we may issue recommendation for areas of improvement for any deficiencies that we may discover in the audit process. We would also highlight areas of non-compliance to the management.

Benefits of Auditing

While not designed specifically for such, the auditing process may uncover significant fraud or errors. The audit of financial statement acts as a deterrent. Potential losses due to fraud usually far surpass the cost of an audit. We also highlight to the management significant weaknesses noted in existing systems of internal control. Such reporting to management facilitates continuous cost-effective improvements in internal controls which protects value and enhances the quality of accounting and financial reporting of the entity. Many companies including Small Medium Enterprise would want to have their financial statements audited; even they have the option not to have their accounts audited.

Internal Audit

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.It 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.

Our comprehensive ranges of internal audit solutions include:

  • Assisting companies to develop and implement risk based internal audit methodologies
  • Assisting companies in the risk management, control, and governance processes
  • Advising companies on the establishment of internal control system
  • Providing assurance to the Management that the organization’s corporate governance is strong and effective

Financial Due Diligence

We assist clients in the financial due diligence of potential investments, acquisition, merger, or joint venture projects. As a skilled company auditor, we also offer practical solutions to issues identified during the due diligence that may impact the investments.

Other Attestation Work

Besides performing statutory audit, we also perform due diligence and other attestation work such as giving independent opinion on grant claims, retail sales audit, lucky draw witness and certification of capital expenditure for tax incentive qualification. We also assist in the application for Major Exporter Scheme and other special audits upon request by stakeholders or directors.

Compilation Service

Currently all companies including dormant and exempt private companies are required to prepare statutory financial statements complying with the requirements of the Companies Act Cap 50 and Singapore Financial reporting Standards. Compliance with the Singapore Financial Standards is required by law. For Singapore incorporated companies, a full set of statutory financial statements comprises:

  • Directors Report
  • Statement by Directors
  • Statement of Financial Position
  • Statement of Comprehensive Income
  • Statement of changes in equity
  • Statement of Cash flows
  • Note to Financial Statements

Auditing Services for Japanese Companies

We provide numerous Japanese companies in Singapore with audit and assurance services and tax advisory services. Through this experience, we, as a company auditor, have gained valuable knowledge specific to Japanese companies within Singapore. At our Japan desk is a Japanese CPA with over 20 years of experience in liquidation. At our Japan desk is a Japanese CPA with over 20 years experience in liquidation services, tax, legal and accounting services.

By a collaboration of local members and a Japanese CPA professional, our Japan desk provides Japanese companies and their subsidiaries in Singapore with a range of professional services as follows:

  • Audit & Assurance
  • Business Restructuring
  • Risk Advisory
  • Business Transaction
  • Tax Advisory
  • Corporate Finance
  • Management Consulting
  • Accounting Management
  • Corporate Secretarial
We serve global multinational Japanese companies by teaming with NAC international accounting group and, together, we are able to provide Japanese clients with a variety of high-quality professional services.

Our Comprehensive Approach to Auditing Services

JDT Management Services recognises the importance of robust financial health for businesses of all sizes. That’s why we offer a meticulous and comprehensive approach to auditing services in Singapore, ensuring our clients receive the highest quality of assurance and peace of mind.

Initial Financial Review

Our auditing process commences with a thorough initial financial review. This crucial stage involves a deep dive into your company’s financial statements, internal controls, and risk management frameworks. By gaining a clear understanding of your financial landscape, we can tailor our audit approach to address your specific needs and potential vulnerabilities.

Ensuring Accuracy and Thoroughness

JDT Management Services adheres to a rigorous set of auditing procedures established by international auditing standards. Our experienced team of qualified auditors meticulously examines your financial records, employing a combination of test procedures and analytical techniques. This systematic approach guarantees the accuracy and completeness of your financial statements.

Delivering Clear and Concise Insights

Following a comprehensive audit, JDT Management Services presents a clear and concise final report. This report details our findings, including any identified areas for improvement. We don’t just identify issues; we provide valuable recommendations to strengthen your internal controls and financial reporting practices..

FAQs – Auditing Services

1. What are auditing services?

Auditing services involve an independent review of your company’s financial statements by a qualified company auditor. This process verifies the accuracy and fairness of your financial records, providing peace of mind and credibility to stakeholders.

2. Why do I need an audit?

An audit offers several benefits. It can identify potential errors or misstatements in your financial records, helping you maintain strong financial control. Audits also enhance transparency and trust for investors, creditors, and regulatory bodies.

3. What types of audits does JDT Management offer?

JDT Management offers a variety of audits to suit your specific needs. These include statutory audits required by law, internal audits for assessing internal controls, and special-purpose audits tailored to address particular financial concerns.

4. What are the benefits of choosing JDT Management for my audit?

JDT Management boasts a team of highly qualified and experienced company auditors in Singapore. We combine our expertise with a personalised approach, ensuring clear communication and a smooth audit process.

5. How much does an audit cost?

The cost of an audit varies depending on your company’s size and complexity. JDT Management offers competitive rates and will provide a transparent fee quote before commencing the audit.

6. What documents do I need to provide for an audit?

JDT Management will work closely with you to determine the necessary documents for your audit. These typically include financial statements, accounting records, and tax returns.

7. How long does an audit take?

The timeframe for an audit depends on your business’s size and complexity. JDT Management will work efficiently to complete the audit within a reasonable timeframe and keep you informed throughout the process.

8. What happens after the audit?

Following the audit, JDT Management will provide a comprehensive report detailing the findings and recommendations. We can also discuss the report with you and answer any questions you may have.

9. Can JDT Management help me implement the audit recommendations?

JDT Management offers additional services to assist you in implementing the recommendations from your audit report. This can help you strengthen your internal controls and financial reporting practices.

10. How do I get started with an audit?

Contact JDT Management today to discuss your auditing needs. We’ll be happy to answer any further questions and guide you through the process.

Related Services

Call Us Now

Corporate Secretarial /
Accounting / Tax

+65 6334-8791
(8.30am-5.30pm, Mon-Fri)
+65 9863-1270
(after office hour)
Fax: +65 6334-8075
Address: 1 Coleman Street
#05-05 The Adelphi
Singapore 179803

Audit Assurance
+65 6837-0360
(9am-6pm, Mon-Fri)
+65 9863-1270
(after office hour)
Fax: +65 6837-0369
Address: 1 Coleman Street
#05-16 The Adelphi
Singapore 179803