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{"id":382,"date":"2022-07-29T08:09:13","date_gmt":"2022-07-29T08:09:13","guid":{"rendered":"https:\/\/new.uhylsc.com.sg\/wordpress\/?page_id=382"},"modified":"2023-01-04T06:50:03","modified_gmt":"2023-01-04T06:50:03","slug":"services","status":"publish","type":"page","link":"https:\/\/new.uhylsc.com.sg\/wordpress\/?page_id=382","title":{"rendered":"Audit &#038; Assurance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"382\" class=\"elementor elementor-382\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ab574c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab574c2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div 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class=\"elementor-section elementor-top-section elementor-element elementor-element-1b9f9eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b9f9eb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6ca567b sc_inner_width_none sc_layouts_column_icons_position_left\" data-id=\"6ca567b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-885eb9f elementor-section-content-space-evenly elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"885eb9f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-narrow\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-a14f088 sc_inner_width_none sc_layouts_column_icons_position_left\" data-id=\"a14f088\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-85de722 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"85de722\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInLeft&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Audit & Assurance<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-inner-column elementor-element elementor-element-1e12ae6 sc_inner_width_none sc_layouts_column_icons_position_left\" data-id=\"1e12ae6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0abaa78 e-transform sc_layouts_hide_on_tablet sc_layouts_hide_on_mobile elementor-invisible elementor-widget elementor-widget-image\" data-id=\"0abaa78\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInRight&quot;,&quot;_transform_scale_effect&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:0.7,&quot;sizes&quot;:[]},&quot;_transform_scale_effect_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_scale_effect_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/new.uhylsc.com.sg\/wordpress\/wp-content\/uploads\/2022\/07\/Service-graphic_audit-1_RGB-e1660132534466-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" srcset=\"https:\/\/new.uhylsc.com.sg\/wordpress\/wp-content\/uploads\/2022\/07\/Service-graphic_audit-1_RGB-e1660132534466-150x150.jpg 150w, https:\/\/new.uhylsc.com.sg\/wordpress\/wp-content\/uploads\/2022\/07\/Service-graphic_audit-1_RGB-e1660132534466-90x90.jpg 90w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7bcfee1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7bcfee1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cb0b548 sc_inner_width_none sc_layouts_column_icons_position_left\" data-id=\"cb0b548\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-93bb38b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"93bb38b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-0bbc85c sc_inner_width_none sc_layouts_column_icons_position_left\" data-id=\"0bbc85c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a5e8d67 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"a5e8d67\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInLeft&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<span style=\"font-family: Hind, hind; font-size: 17px; font-style: normal; font-weight: 400;\">As part of a renowned global network, we are well-placed to carry out multi-national audits, on behalf of parent companies, managing and coordinating the audit process across an entire corporate group, along with non-affiliated firms and advisors who hold thorough understanding of international regulations and legislation, complex reporting issues, including Sarbanes-Oxley and International Financial Reporting Standards (IFRS).\u00a0<\/span><span style=\"font-family: Hind, hind; font-size: 17px; font-style: normal; font-weight: 400;\">Our audit teams carry out robust annual audits across industries and sectors to meet reporting requirements and statutory obligations to provide insight and practical recommendations.<\/span>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11d76b3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11d76b3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-13f1003 sc_inner_width_none sc_layouts_column_icons_position_left\" data-id=\"13f1003\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-242c849 elementor-widget elementor-widget-html\" data-id=\"242c849\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<script>\r\njQuery(document).ready(function($) {\r\nvar wait = 50; setTimeout(function() {\r\n$('.elementor-tab-title').removeClass('elementor-active');\r\n $('.elementor-tab-content').css('display', 'none'); }, wait);\r\n});\r\n<\/script>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff1ed19 animated-fast elementor-invisible elementor-widget elementor-widget-accordion\" data-id=\"ff1ed19\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2671\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"tab\" aria-controls=\"elementor-tab-content-2671\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">External Audit<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2671\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2671\"><p>An external audit provides an independent audit of your financial statements as at a specific date to determine whether they accurately represent the current financial position of the organisation and the results for the period. Therefore helping with investor and stakeholder confidence.<\/p><p>Our audit approach consists of an audit methodology designed to facilitate the effective delivery of a high quality audit.<\/p><p><strong>Core principles<\/strong><br \/>Our audit teams work under the guiding principles of professional integrity, ethical behavior and independence. All activities are supervised by the engagement partner and governed by a set of standards and quality controls applicable to every engagement.<\/p><p><strong>Collaboration &amp; executive involvement<\/strong><br \/>Timely and direct participation by our partners enhances our effectiveness and efficiency, improves communication and provides greater insight.<\/p><p>We provide a user friendly team who are trained to work with discretion, ask the right questions, and leave a small footprint within the organisation throughout the audit process. Our strong record of staff continuity means there are no disruptions from year to year such as; repetition of questions, or limited knowledge of your organisation.<\/p><p><strong>Client satisfaction<\/strong><br \/>We provide value in our audit services through consultation with board members and management to gain insight into our service and to improve our processes.\u00a0<span style=\"font-size: 17px;\">Clients are satisfied with our emphasis on two-way communication and ability to exceed expectations.<\/span><\/p><p>We also offer alternative audit services including:<br \/><span style=\"font-size: 17px;\"><b>REVIEW<\/b><span style=\"color: #121619;\"><b><br \/><\/b><\/span><\/span><span style=\"font-size: 17px;\">A review engagement, as opposed to an audit engagement, expresses a limited assurance opinion on financial information. Provision of review services means lower level of assurance than an audit.<\/span><\/p><p><strong>AGREED UPON PROCEDURES<\/strong><br \/>If you have something specific that is giving you grief which you would like a little more assurance on, without a full blown audit, our engagement team can help you.<\/p><p>In an agreed-upon procedure engagement, specific procedures are agreed between UHY Lee Seng Chan &amp; Co and you before the commencement of our engagement. Once the subject matter is defined, our team deliver a report based on the specific procedures performed.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2672\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"tab\" aria-controls=\"elementor-tab-content-2672\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">Due Diligence<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2672\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2672\"><p>Due diligence is the term used to describe doing your research on a business, person, or potential investment before signing the contract. You need to do the hard work first to make sure the financial position and results of the entity as represented by the vendor are accurate.<\/p><p><b>Do your research<br \/><\/b>You&#8217;re considering acquiring, investing in or merging a business, now it is time to perform an investigation of the potential risks and benefits associated with that decision.<\/p><p>By knowing what you are getting into, and deciding if the potential benefits outweigh the risks, you are better placed to make an informed decision.<\/p><p>By combining the strength of experience of our assurance, advisory and tax teams, we assist you in your decision to go ahead or not, and provide advice on the most appropriate structures for tax and management of the acquiree.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2673\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"tab\" aria-controls=\"elementor-tab-content-2673\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">Internal Audit<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2673\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2673\"><p>We offer expertise on corporate governance codes and risk management issues for the benefit of stakeholders and investors. We help clients understand and mitigate the risks in regulatory changes, new legislation and threats to political instability as they gain insights into global legislative and regulatory trends. This aids clients in building resilience and good risk management practices.<\/p><p>By outsourcing governance and secretarial administration duties to our professional advisors, clients can increase their efficiency and cost savings, affording them the space to focus on developing their business with the assurance that their statutory obligations are complied with.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2674\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"tab\" aria-controls=\"elementor-tab-content-2674\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">Forensic Accounting <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2674\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2674\"><p>Fraud is a serious risk to any business regardless of size or stature, so it is important to have all of the facts whether you decide to formally pursue the allegation, or gather evidence for disciplinary action.<\/p><p>Forensic accounting, also known as an investigative audit, brings together the multi disciplinary expertise of individuals within accounting, audit and taxation divisions when conducting an inquiry for the purpose of fraud investigation.<\/p><p>We understand that possible fraudulent activity can be a delicate issue, therefore our forensic accountants act with the utmost discretion and high professional standards when carrying out an investigative audit.<\/p><p><strong>What does the team do?<\/strong><br \/>We conduct our investigation based on agreed upon procedures set out by management or the board, and work with you to gather information, investigate suspicions, and present a comprehensive report of our findings.<\/p><p>Our team analyse more than just the numbers, we draw upon our experience and knowledge to apply rational thought to our investigation and highlight any discrepancies.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"External Audit\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>An external audit provides an independent audit of your financial statements as at a specific date to determine whether they accurately represent the current financial position of the organisation and the results for the period. Therefore helping with investor and stakeholder confidence.<\\\/p><p>Our audit approach consists of an audit methodology designed to facilitate the effective delivery of a high quality audit.<\\\/p><p><strong>Core principles<\\\/strong><br \\\/>Our audit teams work under the guiding principles of professional integrity, ethical behavior and independence. All activities are supervised by the engagement partner and governed by a set of standards and quality controls applicable to every engagement.<\\\/p><p><strong>Collaboration &amp; executive involvement<\\\/strong><br \\\/>Timely and direct participation by our partners enhances our effectiveness and efficiency, improves communication and provides greater insight.<\\\/p><p>We provide a user friendly team who are trained to work with discretion, ask the right questions, and leave a small footprint within the organisation throughout the audit process. Our strong record of staff continuity means there are no disruptions from year to year such as; repetition of questions, or limited knowledge of your organisation.<\\\/p><p><strong>Client satisfaction<\\\/strong><br \\\/>We provide value in our audit services through consultation with board members and management to gain insight into our service and to improve our processes.\\u00a0<span style=\\\"font-size: 17px;\\\">Clients are satisfied with our emphasis on two-way communication and ability to exceed expectations.<\\\/span><\\\/p><p>We also offer alternative audit services including:<br \\\/><span style=\\\"font-size: 17px;\\\"><b>REVIEW<\\\/b><span style=\\\"color: #121619;\\\"><b><br \\\/><\\\/b><\\\/span><\\\/span><span style=\\\"font-size: 17px;\\\">A review engagement, as opposed to an audit engagement, expresses a limited assurance opinion on financial information. 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We help clients understand and mitigate the risks in regulatory changes, new legislation and threats to political instability as they gain insights into global legislative and regulatory trends. 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