[SG] Annual Audit Exemption Self-asessment

Singapore's Companies Act does not require all companies to undergo annual audits. "Small companies/small groups" (Section 205C and the Thirteenth Schedule) and "dormant companies" (Section 205B, Section 201A) that meet certain criteria may be exempted from auditing. Under specific conditions, dormant companies may even be exempted from preparing financial statements. However, determining eligibility for these exemptions is not straightforward: different testing rules apply in the first year, second year, and third and subsequent years of a company's existence, and both the qualification and loss of eligibility are determined based on "two consecutive financial years". For companies within a group, the group must also satisfy the relevant group-level test on a consolidated basis.

To help enterprises make this assessment in advance and with greater accuracy, EStar Business has launched a free online self-assessment tool on its proprietary digital platform, eAya, available in both Chinese and English. Users can answer a series of questions step by step based on their company's actual circumstances, receive an immediate assessment result together with the relevant legal provisions, and export an Excel assessment form that conforms to working-paper requirements for directors to review, confirm, sign, and retain it for future reference. 

[Free Online Self-Assessment Tool]
eAya -Audit Exemption Assessment (Small Companies)

Disclaimer

This tool has been prepared based on the relevant provisions of Singapore's Companies Act in force as of 12 August 2026. It is intended solely for the preliminary self-assessment of audit exemption eligibility for general operating companies and does not cover assessments relating to dormant companies. The self-assessment results are provided for reference only and do not constitute legal, audit, or tax advice, nor do they replace a professional assessment based on the company's specific circumstances. In the event of any subsequent amendments to the applicable laws and regulations, the tool may not be updated individually without further notice.

If the self-assessment result is "Pending", or if your company involves complex circumstances such as a group structure, dormant status, or changes in eligibility across financial years, please feel free to contact us for a one-on-one professional assessment.

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