Top 5 Mistakes Singapore SMEs Make During an Audit (And How to Avoid Them)

   For many small and medium-sized enterprises (SMEs) in Singapore, the annual audit can feel like a daunting process. However, it doesn’t have to be—if you know what to expect and prepare well. Unfortunately, many SMEs make avoidable mistakes during the audit process, which can result in delays, increased costs, qualified audit opinions, or even compliance issues with ACRA or IRAS.

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