How to Become a Financial Auditor in Singapore

Updated on January 8,2018
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How to Become a Financial Auditor in Singapore
An auditor plays a key role in the accounting domain. He or she is the one who effectuates a job which is quite similar to that of an accountant. Basically, an auditor personally reviews and does a follow up of the financial credibility of a certain legal entity.

The methods utilized to perform this job are rather straightforward and basic, although it can take a lot of time. In this article, our accountants in Singapore outline briefly how to become a financial auditor in Singapore.

Audit regulations in Singapore

The Accounting and Corporate Regulatory Authority (ACRA) in Singapore is the body which publishes data on the audit quality in the city-state and which registers public accountants.

The reason why a person should register as a public accountant is to be able to act as an auditor of the financial statements in Singapore. A public accountant is liable for the audit opinion, which means that he or she makes sure that the audit is conducted in compliance with the Singapore Standards on Auditing (SSA) and other regulations.

In order to register as a public accountant, ACRA requires a person to:

•    Have a prescribed qualification;
•    Have the appropriate audit experience;
•    Have the appropriate ongoing professional education;
•    Be a member of the Institute of Singapore Chartered Accountants (ISCA). An accountant in Singapore can offer more details on this matter. 

Career prospective for financial auditors in Singapore

There are plenty of opportunities for financial auditors in Singapore who may find profitable openings within viable organizations from recognized institutions in a thriving economy such as Singapore. Because the careers can be different, one can take advantage of many opportunities connected to their field of choice or interest.

A financial auditor may as well work for a business and actually audit the books for the company. Internal auditors can also work for a private company and can even be employed to effectuate independent reviews of the books and records of the business.

If you need further information about how to become a financial auditor in Singapore or any other accounting services, please feel free to get in touch with our accounting firm in Singapore.