Singapore legislation

Regulation 5

of Charities (Large Charities) Regulations

Regulation 5

Audit of financial statements

Subregulation 1

A large charity shall cause its financial statements to be audited by an auditor who has been approved by the Sector Administrator.

Subregulation 2

A large charity shall change its auditor at least once every 5 years, whether to another auditor from the same auditing firm or company or to another auditor from a different auditing firm or company.