Internal Audit vs Statutory Audit: Key Differences You Should Know | WLP When it comes to business compliance and financial management, audits play a crucial role in ensuring transparency, accuracy, and reliability. Two main types of audits are commonly discussed—Internal Audit and Statutory Audit. Understanding the differences between the two is essential for any organization … Read more
BCA Audit Services in Singapore: Ensuring Transparency and Accuracy for Your Business Financials In today’s rapidly evolving business landscape, maintaining financial transparency is crucial for businesses, especially those involved in the construction sector. One of the most important steps towards achieving financial transparency is a BCA Audit. In Singapore, businesses in the construction industry are … Read more
Sales Audit & Gross Turnover Audit (GTO) Services In today’s dynamic business landscape, it’s crucial for companies to maintain accurate financial records and ensure compliance with regulatory standards. A Sales Audit and Gross Turnover Audit (GTO) are critical tools to assess a company’s financial health, identify discrepancies, and improve business operations. WLP, a trusted name … Read more
MCST Audit: Why It’s Essential for Your Building’s Compliance and Financial Health What is an MCST Audit? An MCST audit (Management Corporation Strata Title Audit) is an independent, professional review of a building’s financial records and operations, conducted by certified auditors. This audit ensures that a Management Corporation Strata Title (MCST) – commonly found in … Read more
Audit & Accounting Solutions Singapore: Stay Compliant, Stay Competitive The Singapore Accounting Talent Crunch: A Strategic Response In today’s market, Singapore is grappling with a shortage of skilled accountants—posing real risks to operational efficiency, financial accuracy, and regulatory compliance. Businesses may face disruptions in daily bookkeeping, delays in payments, and even reputational damage when accounting … Read more
Understanding the GTO Audit Process in Singapore (with WLP Assistance) What Is a GTO Audit—and Why It Matters In Singapore, a Gross Turnover (GTO) Audit is a specialized financial review that confirms a retail tenant’s reported sales revenue. This step is especially crucial when rental agreements tie a portion of rent to gross sales … Read more
Complete Guide to Consolidated Audits: Simplify Financial Oversight with WLP What Is a Consolidated Audit? A consolidated audit merges financial statements from multiple subsidiaries or divisions into a single, structured review. This approach helps eliminate redundancies, enhance accuracy, and ensure all parts of the business comply with relevant regulations. Key Benefits Boosts … Read more
Key Steps to Audit and Strengthen Corporate Governance Effective corporate governance ensures a company is controlled, directed, and aligned with stakeholders’ best interests. Auditing governance frameworks is essential for transparency, accountability, and long-term success. Here’s a step‑by‑step guide: Define Scope & Objectives Clarify what will be audited—board structures, risk management, compliance, ethics, stakeholder engagement. … Read more
ACRA Audit Exemption for Singapore Companies The Accounting and Corporate Regulatory Authority (ACRA) plays a crucial role as Singapore’s corporate regulator, overseeing audit standards and offering exemptions to companies. This article explores the ACRA’s audit requirements for private limited companies in Singapore, highlighting the importance of accounting services to maintain compliance and accuracy. For entrepreneurs, … Read more
IRAS Tax Audit for Singapore Companies: Your Trusted Guide with WLP In Singapore’s competitive business environment, maintaining a clean and accurate tax record isn’t just about legal compliance — it reflects your company’s financial credibility. As the Inland Revenue Authority of Singapore (IRAS) strengthens its oversight, businesses must stay proactive and informed. WLP is here … Read more