Accounting

Under the purview of the Companies Act, it is the responsibility of Directors to present accurate financial statements during the Annual General Meeting. These financial statements must adhere to the applicable Accounting Standards*, ensuring an unbiased and precise representation of the company’s financial position and performance. Directors are further obligated to establish robust internal accounting controls and maintain comprehensive accounting and record-keeping systems, in accordance with sections 199(2A) and 199(1) of the Companies Act, respectively.

With these stringent regulatory requirements in mind, Quals stands ready to support your company by providing expert assistance, enabling you to concentrate on more critical tasks.

*  In Singapore, the accounting standards pertain to the Singapore Financial Reporting Standards (SFRS) and Singapore Financial Reporting Standards for Small Entities (SFRS for SE) issued by the Accounting Standards Council.