Singapore Accounting Review & Compliance

This service is for companies that need an objective third eye to review their internal accounting data. Companies managing their accounting function internally would like assurance of accuracy & legal compliance. Rikvin provides a professional and objective accounting review service.

Our Qualified professionals review your accounting data and in a detailed report highlight issues, errors, unusual trends and anomalies.  We also suggest Best Practices in Accounting. Accounting Review can be done periodically such as every quarter before GST submission or annually. However it must be noted that the review is merely a quality assurance exercise and does not amount to an audit.

The cost and time taken for review depends on the volume of transaction and business complexity. As a standard practice we send a Quotation indicating the turnaround time and pricing rationale. We proceed with the reviewing process on approval of the Quotation.

Advantages of Accounting Review

• It significantly reduces the risk of error
• Improved and objective analysis
• Generate strategic insights
• Enhances standards & confidence

Document Required

For the purpose of the review we require financial statements (Balance Sheet, Income Statement & General Ledger) corresponding to the review period, along with the source documents.  The list of source documents below is extensive, only some of these may be applicable for your business. These can be sent via electronic format or physically.

1. Monthly bank statements, bank credit/debit advices, cheque butts
2. Sales invoices, credit notes
3. Expense receipts
4. Supplier invoices
5. Payment & petty cash vouchers
6. Payroll details
7. Agreements signed (Rental, Hire Purchase)
8. Details of fixed assets purchased during the year
9. Details of foreign bank acccounts, foreign investments
10. All communication from IRAS & ACRA