Accounting Firms In Singapore

There is no room for errors in this line of business. The organization’s performance could deteriorate because some mistakes are too expensive to deal with. They should never commit an intentional error or misrepresent things. A company that believes in such misrepresentation and relies on it could bring itself down. This could land the accountant in danger of being prosecuted. Since they are mostly hired by small and medium-sized businesses, accountants must put extra effort into identifying specific issues faced by these organizations. And when accounting firms in singapore realizes that they have made a mistake, they should correct it before it causes further problems. Otherwise the client has the right to take them to court and request compensation. This is particularly true if the error has to do with tax planning. If you file incorrect tax returns, the officials will proceed to seek you out and penalize you. In such a case you should report the incompetent accountant.


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