IntheauditofaSingaporecompany,iftheSingaporecompanyhasinvestedsubsidiaries,theprogressandcostoftheauditwillbeaffectedtosomeextent,becauseiftheSingaporecompanyhasinvestedsubsidiaries,theaccountantwillasktheclienttoprovidethevaluationreportofthesubsidiaryduringtheaudit,andtheaccountantwillpayextrafeesforcheckingthevaluationreportaccordingtotheamountofwork.
ManycustomersafterthecompletionoftheregistrationofSingaporecompanies,becausetheregistrationtimeisdifferent,anddonotknowhowtocalculatetheannualaudittimeofSingaporecompanies,thentodayweusepracticalexamplestoexplainit,youcanalsocalculateitaccordingtothewaybelow.
Macaucompany,inaccordancewiththerequirementsoftheMacaucompanyregistration,itisnecessarytomakeinternationalnotarialcertificationoftheboardresolutionoftheSingaporecompanytoestablishaMacausubsidiaryandobtaintheHaguecertification.
Itdoesn'tmatterifyouareregisteredwithaSingaporecompany,aHongKongcompany,aUKcompanyorBVICompaniesandsoon,theannualauditisanecessaryconditionforthenormaloperationofthecompany.InSingapore,annualauditsareonlyrequiredforprivatelimitedcompanies,whileunlimitedcompaniesonlyneedtorenewthem.
Afteropeningbankaccounts,Singaporecompaniescansettleinternationaltrade,openaccountsinoverseasbanks,andfreelytransferfundsfromoverseasaccounts,whicharenotsubjecttotheforeignexchangecontrolofmainlandChina.