To be registered as a public accountant, the person must be a member of ICPAS. Authorised by statute to carry out audits of companies’ annual accounts, a CPA Singapore registered with the Accounting & Corporate Regulatory Authority uses his expertise to meet the detailed requirements of this field.   He can advise his clients on a full range of accounting and auditing matters.

New or small businesses, in particular, can benefit from the advice provided by a CPA Singapore on fundamental activities such as compliance with the secretarial and accounting requirements under the Singapore Statutes. He also provides advisory services in areas such as corporate finance, corporate governance, information and communications technology, control and risk management and general financial and business management.

As an expert taxation consultant, a CPA Singapore is able to clarify the complexities of tax legislation.  He can help his clients prepare tax returns and computations, submit them to the Inland Revenue Authority of Singapore and expertly handle any subsequent negotiations.   He is also able to provide ad hoc tax advice on specific tax issues when clients are considering expansion or investment opportunities locally or globally.

Besides assisting businesses, a CPA Singapore is often asked to help individuals with their personal tax planning.  His detailed knowledge of the tax system can be used effectively to achieve the maximum possible benefit in the field of personal tax planning.

A CPA Singapore has an overview and wide understanding of business methods which make him well placed to make recommendations on controlling costs.  He can constantly keep an eye on profits and losses, carefully watch the effect of both variable and fixed costs, and suggest procedures for keeping them to a minimum.

A CPA Singapore is always alert to the possibilities of a client firm’s expansion.  The sound management of a company’s growth is vital but it is equally important that this is handled efficiently and that safeguards are introduced.  A CPA Singapore has the expertise to guide companies through all stages of their development.  He can review the adequacy of working capital, stock control, invoicing, payments and receipts procedures.  He can also advise on any necessary changes to be made in internal control systems and overall business planning.

In providing risk management services, a CPA Singapore helps enterprises to identify and evaluate business, operational, financial and other risks, as well as select and apply enterprise-wide risk management frameworks and techniques to manage risk exposures to ensure corporate objectives are met.

Extensive business contacts and a broad-based knowledge of various industries and professions make a CPA Singapore ideal for assisting clients in finding the right executives to help manage and operate their businesses.

A CPA Singapore, with his wide experience and knowledge of different business operations, can also provide useful acquisition and merger services. Such services can include investigating and reporting on the entities to be acquired, the valuation of shares, and the provision of advice on taxation and other aspects of the proposed transactions.

A CPA Singapore can provide a wide range of company secretarial services as well, including advice on the formation of companies, the filing of returns and the maintenance of statutory records. In addition, some CPA firms are able to provide share registration services to public companies.

The financial expertise and knowledge of a CPA Singapore on a wide range of businesses places him in an ideal position to propose solutions to companies with liquidity problems.

A CPA Singapore can also be a highly competent financial problem-solver. While he is an expert at financial problem-solving and can help to remedy serious business problems, he prefers to be in a position to prevent such problems from developing in the first place.

A CPA Singapore can be used most effectively if he is consulted as early as possible in the development of a business, preferably when it is being established.  Then, he can play a full and active part in developing the business on a sound basis, as well as in helping to ensure that it stays strong and healthy.