KNAV Services LLP, Singapore is the member firm of KNAV International Ltd, a global accounting and consulting firm. At KNAV Singapore,  we offer a complete suite of services including audit and assurance, accounting, taxation, international transfer pricing, valuation and business advisory services. With our wide international network and deep expertise, our clients obtain value addition in domestic as well as international matters.

WHAT WE DO

  • Audit, Review and Compilation of Financial Statements as per Singapore FRS, US GAAP, IFRS or Indian Accounting Standards
  • Statutory Audit
  • Special Purpose Audit
  • Audits of not-for-profit organizations
  • Outsourced Internal Audit
  • Agreed Upon Procedures for Government Grant submission
  • Reviews under SSRE 2400 and SSRE 2410 of subsidiaries of Singapore and overseas entities
  • Audit Support Services –
  1. Valuation of financial instruments
  2. Valuation of acquisitions for business combinations under FRS 103
  3. Audit outsource services

Income Tax Compliance

  • Estimated Chargeable Income (“ECI”) and Income Tax computation
  • Preparation of ECI forms and Income Tax Return and filing with the tax authorities
  • Preparation of Withholding tax forms and filing

Tax Advisory

  • Domestic and international tax advice
  • Singapore tax reform impact studies

Tax Accounting

  • Tax provisioning in accordance with SFRS, IFRS and GAAP
  • Current and deferred tax calculations, identifying uncertain tax positions and preparation of tax footnotes and disclosures

Transfer Pricing

  • Transfer pricing planning studies
  • Transfer pricing documentation in accordance with Singapore regulations
  • Audit support

Mergers and Acquisitions

  • Preparation of tax due diligence support
  • Advice on various post-acquisition aspects like optimal structuring, carryover of tax attributes, optimal acquisition vehicle and funding, etc

Indirect Taxation

  • Registration as a GST business in Singapore
  • Preparation of GST schedules, GST Return and filing
  • Advise on GST treatment of business transactions

GAAP Conversion and New Standard Implementation

  • Assistance in preparation of financial statement for adoption of Singapore IFRS/US GAAP/ Canadian GAAP/Ind AS

Cash Flow Services

  • Automation of cashflow preparation
  • Presentation of year-end FX differences, hedging transactions and changes in equity
  • Treatment of business acquisitions and disposals within the group, mergers and acquisitions
  • Treatment of differences arising on conversion to reporting currency

Deal and Listing Support

  • Preparation of financials to be included in the offer document
  • Preparation of consolidated/combined/pro-forma/ carve out financial statements
  • Listing support in multiple countries including SIngapore, US, Canada and India
  • Post deal accounting support including identifying and deciding appropriate accounting for intangible assets acquired

Book Keeping Services

  • Recording and preparation of accounts on a monthly/quarterly/half-yearly/yearly basis
  • Preparation of management accounts and accounting/audit schedules
  • Compilation of standalone financial statements and consolidated financial statements
  • Designing uniform chart of accounts and accounting procedures for group companies

Accounting Process and Systems Support

  • Assistance on the adoption of accounting software
  • Development and implementation of standard operating procedures for accounting function

Financial Due Diligence

  • Quality of Earnings and Assets Analysis
  • Working capital analysis, computation and adjustments
  • Compensation and benefits analysis
  • Summarizing accounting methodologies, policies and controls, including departures from GAAP
  • Identification and validation of key projection assumptions

Post-Acquisition Advisory

  • Preparation of post-acquisition opening balance
  • Financial reporting assistance
  • Working capital true-up adjustments
  • Earnouts computation and settlement
  • Post-closing adjustments analysis/review

Other Services

  • Working Capital Analysis
  • Assessment of consistent application of GAAP
  • Reviewing the share purchase agreement for indemnities and warranties
  • Contractual due-diligence
  • Transaction support rightsourcing

Financial Reporting Valuation

  • Purchase price allocation per requirement of SFRS(I) 3 / IFRS 3
  • Impairment analyses for goodwill, other intangibles and long-lived assets per SFRS(I) 1-36 / IAS 36
  • Valuation of –
  1. Employee stock options and restricted stock awards
  2. Intangibles
  3. Financial Instruments
  4. Guarantees and indemnifications
  • Valuation and structuring of contingent consideration

Transaction Support & Compliance Valuation

  • Valuation for fundraising
  • Preparation of executive summaries and information memorandum
  • Assistance in developing business and financial models
  • Transaction fairness, solvency and other financial opinions
  • Debt capacity analysis
  • Taxation planning and compliance (income, gift, estate, and property tax)
  • Valuation for litigation support
  • Business establishment, registration and incorporation
  • Provision of a qualified individual to act as company secretary of the Singapore entity
  • Routine company secretarial support of Singapore entities which includes maintaining the company registers, resolutions and minutes and convening annual general meeting and filing of annual return with the corporate regulatory authorities
  • Non-routine company secretarial support on corporation actions undertaken by Singapore entities such as changes in shareholding structure or directors
  • Advisory on company secretarial compliance matters for Singapore entities

Boon Kiat Wong

Partner

boon.kiat@knavcpa.com