Singapore legislation
Regulation 6
Regulation 6
Annual audit or examination of accounts
Subregulation 1
The audit or examination of the accounts of any charity of a class specified in the first column of the Fourth Schedule for a financial year (referred to in this regulation and in the Fourth Schedule as the relevant year) shall comply with the requirements set out in the third column of the Fourth Schedule corresponding to the amount stated in the second column of the Fourth Schedule for that class of charity.
Subregulation 2
The amount referred to in paragraph (1) shall be the amount of the gross income or total expenditure of the charity in —
the relevant year;
the financial year of the charity immediately preceding the relevant year, if any; or
the financial year of the charity immediately preceding the year specified in sub-paragraph (b), if any, whichever is the highest.