Key requirements
The club can appoint a public accountant without seeking IRAS approval and can verify registration through ACRA. Use the current PL-R1 audit checklist, exercise professional judgement and investigate doubtful readings rather than treating the checklist as the maximum work allowed. Identify the audit firm and reviewer on the form. If exceptions arise, submit the checklist and exception details with the monthly return; if none arise, retain the completed checklist for IRAS requests. The source also distinguishes the discontinued monthly audited-statement requirement from the continuing review and annual financial-report obligations.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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