1.  Financial Statements Preparation:

Our financial reporting service in Singapore ensures accurate and compliant financial statements in accordance with the Singapore Financial Reporting Standards (SFRS) and Companies Act. Our scope includes:

• Preparation of financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in equity.

• Consolidation of financial statements for group reporting, addressing intercompany eliminations and adjustments.

• Disclosure of significant accounting policies, contingent liabilities, related-party transactions, and other required disclosures.

• Compliance with specific reporting requirements of regulatory bodies such as the Accounting and Corporate Regulatory Authority (ACRA) and the Singapore Exchange (SGX).

2. Compliance Reporting:

Stone Prime assists clients in meeting compliance requirements under the Singapore regulatory framework. Our compliance reporting services include:

• Preparation and filing of annual financial statements in XBRL format, ensuring compliance with ACRA's requirements.

• Compliance with applicable tax regulations, including preparation and submission of tax computations and returns to the Inland Revenue Authority of Singapore (IRAS).

• Assistance with Goods and Services Tax (GST) reporting, including preparation of GST returns and compliance with GST regulations.

• Collaboration with external auditors to facilitate smooth and efficient audit processes, addressing auditor queries, and providing necessary documentation.

3. Regulatory Reporting:

We support clients in fulfilling regulatory reporting obligations imposed by regulatory bodies in Singapore. Our regulatory reporting services cover areas such as:

• Submission of regulatory filings to the Monetary Authority of Singapore (MAS) for financial institutions and capital markets entities.

• Compliance with Singapore Exchange (SGX) requirements, including timely submission of financial statements and annual reports.

• Assistance with reporting requirements for specific industries, such as insurance, banking, and fund management.

• Preparation and submission of statutory reports and surveys required by regulatory authorities.

4. Financial Reporting Process Improvement:

Stone Prime offers process improvement services to enhance financial reporting efficiency and effectiveness. Our scope includes:

• Review of existing financial reporting processes, identifying areas for streamlining, automation, and standardization.

• Implementation of accounting software and systems to improve data accuracy, streamline reporting, and enhance internal controls.

• Development and implementation of reporting templates, ensuring consistency and ease of consolidation.

• Training and upskilling of finance teams on financial reporting best practices and utilization of reporting tools effectively.

Our financial reporting services in Singapore combine technical expertise, compliance with local regulations, and a commitment to excellence. We strive to deliver accurate, timely, and compliant financial statements, supporting clients in meeting their reporting obligations and providing stakeholders with reliable information. Trust Stone Prime to provide comprehensive financial reporting solutions tailored to the specific requirements of the Singapore market, driving transparency, accountability, and informed decision-making within your organization.