JT NAC PAC is dedicated to serve the needs of small medium enterprises (SMEs), multi-national and public-listed corporations. We place our firm's professional responsibilities to our clients above all other business considerations.
Audit and Assurance
Audit services are essential to establish credibility and build reputation. Companies that have good credible financial reporting stand to gain credibility internationally with leading sources of capital.
We deliver independent, objective and high quality assurance services through our core audit practice. Our auditing firm is committed to delivering independent, efficient, effective and comprehensive audits. We provide quality assurance services to help ensure that our clients’ financial statements meet the regulatory and business requirements as well as to lend credibility to the company’s financial statements.
We believe in high quality audits. Our audits are led by partners who are heavily involved in the engagements and staffs with the appropriate level of skill and knowledge of our clients’ businesses. We provide auditing and assurance services for a wide range of industries for small and medium-size enterprise, multinational corporations and subsidiaries of local and overseas listed companies. Our audit and assurance services include the followings:
Other attestation work
Our primary goal as statutory auditors is to render an opinion on the financial statements in accordance with generally accepted auditing standards. In addition, we seek to add value to our attest services by effectively communicating the business implications of our audit results. For example, we may issue recommendation for area of improvement for any deficiencies that we may discover in the process of audit of their financial statements. We would also highlight areas of non-compliance to the management.
Benefit of Auditing
While not designed specifically for such, the auditing process may uncover significant fraud or errors. The audit of financial statement acts as a deterrent. Potential losses due to fraud usually far surpass the cost of an audit. We also highlight to the management significant weaknesses noted in existing systems of internal control. Such reporting to management facilitates continuous cost-effective improvements in internal controls which protects value and enhances the quality of accounting and financial reporting of the entity. Many companies including Small Medium Enterprise would want to have their financial statements audited; even they have the option not to have their accounts audited.
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Our comprehensive ranges of internal audit solutions include:
Assisting companies to develop and implement risk based internal audit methodologies
Assisting companies in the risk management, control, and governance processes
Advising companies on the establishment of internal control system
Providing assurance to the Management that the organization's corporate governance is strong and effective
Financial Due Diligence
We assist clients in the financial due diligence of potential investments, acquisition, merger or joint venture projects. We also offer practical solutions to issues identified during the due diligence that may impact the investments.
Other Attestation Work
Besides performing statutory audit, we also perform due diligence and other attestation work such as giving independent opinion on grant claims, retail sales audit, lucky draw witness and certification of capital expenditure for tax incentive qualification.
We also assist in the application for Major Exporter Scheme and other special audits upon request by stakeholders or directors.
Corporate Secretarial Services
We are well-positioned to help local and foreign entrepreneurs set up their businesses in Singapore. Our wide areas of expertise enable us to support the entrepreneur to set up his business in the shortest possible time. We also attend to certain recurring compliance matters are required to be attached to on a regular basis. Our corporate secretarial services include:
Formation of companies
Registration of overseas companies
Preparation & filing of statutory forms with regulatory authorities
Maintenance of statutory records
Processing share transfers & allotments
Preparation of board and shareholders minutes and resolutions
Accounting / Payroll Services
We recognizes that having access to timely and accurate financial information is crucial for clients to maintain a competitive advantage in today's dynamic business environment. We provide a full range of computerized accounting services, bookkeeping services for companies in Singapore who require a proper and complete set of financial statements. We can assist clients to prepare monthly or yearly financial accounts to enable them to understand their financial position. We assist clients to prepare management reports and applicable financial analysis to enable them to make informed business decisions.
Financial and management reporting
Our tax services include both corporate and personal tax compliance and consulting. We will advise you how to obtain the optimum tax benefits. We offer full compliance on all levels, while ensuring you meet proper deadlines and guidelines Our full range of tax services include:
Corporate / personal tax compliance & preparation of tax returns
Assistance in handling queries & requests for information from tax authorities
Tax due diligence reviews
Tax treaties and reliefs from double taxation
Goods & services tax
Business/Corporate Advisory Services
We provide an extensive range of advisory services to global and regional corporations. Our advisory team equipped with technical and practical knowledge are able to offer the following services.
Merger & acquisition support services, i.e. business valuation
Corporate recovery services, i.e. pre winding up advisory and liquidation