Statement of accounts

A Statement of Accounts lists a society’s income, expenditure, assets and liabilities for the financial year, duly certified by the society's auditors or a qualified company auditor in accordance with Societies Regulation 7(1)(b). 

Societies may submit their audited Statement of Accounts via the Statement of Accounts e-service.

Submission for Statement of Accounts user guide [PDF, 869 KB]

What you should know

A society is required to refer to its constitution for its auditing requirements. Where the gross income or expenditure of the society exceeds $500,000 in that financial year, Section 4 of the Societies Regulations requires that the accounts be audited by a qualified company auditor.

A society that does not have any monetary transactions, assets or liabilities for the financial year need not submit a Statement of Accounts. The society, however, is required to declare in writing that it does not have any monetary transactions, assets or liabilities for the financial year.

What information you need

A society may submit its Statement of Accounts online at ROS eServices. The Statement of Accounts shall be endorsed by the society’s auditors/ qualified company auditor in accordance with the society’s constitution and the Societies Regulations. Any 1 of these 3 office-bearers (President, Secretary and Treasurer) are required to verify the application online.

Statements of accounts duly signed by the society’s auditors or qualified company auditors should preferably be in docx, pdf, png or jpg format. The file size of each attachment should not exceed 5MB.  

What to expect

Upon receipt of the Statement of Accounts, the Registry of Societies will process the submission and where necessary, seek further clarification from the applicant. Applicants can log in to our e-services to check on the status of their application/submission.