childcare subsidy claim audit
As part of MCYS audit requirements, child care centres are required to engage certified public accountants in auditing the centre’s infant/child care subsidy claims annually or upon cessation of business.
We provide auditing service on childcare centre’s infant/child care subsidy claims and the scope of our Infant/Child Care Subsidy Claims Audit Service includes preparation of the following which has to be submitted to the Ministry 3 months after the centre’s financial year-end or cessation of business:
- Preparation of the Statement of Subsidy Claims for the Financial Year
- Preparation of Certification by External Auditors
OTHER TYPES OF SPECIAL PURPOSE AUDIT SERVICES
FUNDRAISING APPEAL BY SOCIETIES
- This is in accordance with the provision of Regulation 6 of the Societies Regulations issued under the Societies Act Chapter 311, Section 34 (the “Regulations”) relating to the fund-raising appeal held by the Society.
cLAIM SUMMARY OF PROJECT QUALIFYING COSTS (IDA, EDB, JTC)
- This is one of the Special Purposes Audit report on the Claim under a particular Approved Project and under a particular Scheme administered by government agencies based on the terms and conditions provided in the Letter of Offer between the company and the government agencies.
LICENSEE’S OR TENANT’S ANNUAL GROSS TURNOVER
- This is one of the Special Purposes Audit pursuant to tenancy agreement between the landlord and tenants in most of the mega shopping centres and certain government agencies such as IDA, Changi Airport Authority required the licensee to audit the Annual Gross Turnover Report or for all licensable activities for a specific period.
house to house and street collections (hhsc) License audit
- Under the House to House and Street Collections Act, an HHSC license is required if one promotes a collection by way of appealing to the public, made by means of visits from house to house or of soliciting in streets or other places or by both such means, for money or other property.
- After the collection event, the collection account needs to be certified by the chief promoter of the collection and by a public accountant who is appointed by the organisation of the chief promoter to be the auditor of the account. The audited statement of account then has to be submitted to the Commissioner of Police within two months of the expiry of the license. (Source: Police Licensing Computerized System)
other certification audits
- Fixed Assets Certification
- Shares Certification
- Personal Income Certification
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