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Analytical Review Of Financial Statements

Analytical Review Of Financial Statements Template for Singapore

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Analytical Review Of Financial Statements

"Need an Analytical Review of Financial Statements for a Singapore-based fintech startup, focusing particularly on growth metrics and cash burn rate for potential Series B funding round in March 2025."

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What is a Analytical Review Of Financial Statements?

The Analytical Review of Financial Statements is a crucial financial analysis tool used in Singapore's business environment to evaluate a company's financial health and performance. This document is typically required when stakeholders need in-depth understanding of financial trends, when conducting due diligence, or as part of regular financial monitoring processes. The review complies with Singapore's Companies Act and ACRA guidelines, incorporating various analytical procedures to examine financial data, identify patterns, and highlight areas of concern. The document serves as a vital tool for decision-making, risk assessment, and compliance verification.

What sections should be included in a Analytical Review Of Financial Statements?

1. Executive Summary: Overview of key findings and significant matters identified during the review

2. Scope and Objectives: Definition of review parameters, timeframe, and intended outcomes

3. Methodology: Description of analytical procedures and techniques used in accordance with Singapore Standards on Auditing (SSA)

4. Financial Analysis: Detailed analysis of key financial metrics and trends, following SFRS requirements

5. Findings and Observations: Detailed presentation of analytical results and identified issues

6. Conclusions: Summary of key conclusions drawn from the analysis and recommendations

What sections are optional to include in a Analytical Review Of Financial Statements?

1. Industry Comparison: Benchmarking against industry standards and peer companies in Singapore market

2. Risk Assessment: Evaluation of identified financial risks and compliance with MAS guidelines where applicable

3. Management Response: Client management's comments on findings and proposed action plans

What schedules should be included in a Analytical Review Of Financial Statements?

1. Ratio Analysis Schedule: Detailed calculations of financial ratios and performance metrics

2. Trend Analysis Charts: Visual representations of financial trends and key performance indicators

3. Supporting Calculations: Detailed workings and calculations supporting the analysis, prepared in accordance with SFRS

4. Data Sources: List of financial statements and other information sources used in the analysis

5. Limitations and Assumptions: Documentation of any limitations or key assumptions made during the analysis

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Financial Statements
Analytical Procedures
Materiality
Review Period
Comparative Period
Financial Ratios
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Return on Assets (ROA)
Return on Equity (ROE)
Gross Profit Margin
Operating Margin
Net Profit Margin
Working Capital
EBITDA
Accounts Receivable Turnover
Inventory Turnover
Asset Turnover
Trend Analysis
Variance Analysis
Horizontal Analysis
Vertical Analysis
Benchmark
Industry Average
Key Performance Indicators (KPIs)
Significant Fluctuations
Unusual Items
Non-recurring Items
Going Concern
Limitation of Scope
Professional Judgment
Reporting Currency
Base Year
Review Procedures
Material Misstatement
Risk Factors
Control Environment
Comparative Analysis
Analytical Evidence
Clauses
Scope of Review
Confidentiality
Disclaimer
Limitations of Analysis
Professional Standards
Use and Distribution
Data Sources
Assumptions and Qualifications
Methodology
Independence
Professional Judgment
Reliance on Information
No Assurance
Analytical Procedures
Reporting Currency
Time Period
Responsibility Statement
Compliance with Standards
Intended Users
Subsequent Events
Material Changes
Risk Factors
Non-Financial Information
Information Access
Third-Party Information
Updates and Amendments
Professional Fees
Governing Law
Industries

Companies Act (Cap. 50): Primary legislation governing corporate entities in Singapore, including requirements for financial reporting, disclosure, and corporate governance

Accountants Act (Cap. 2): Regulates the accounting profession in Singapore and establishes the framework for professional accounting services

Securities and Futures Act (Cap. 289): Regulates financial markets and securities trading, including disclosure requirements for listed companies

Financial Advisers Act (Cap. 110): Governs the provision of financial advisory services, including analysis of financial statements for advisory purposes

Singapore Financial Reporting Standards (SFRS): Local accounting standards that provide the framework for financial reporting in Singapore

SFRS(I): Singapore's equivalent of International Financial Reporting Standards (IFRS), applicable to listed companies

Singapore Standards on Auditing (SSA): Professional standards for conducting audits and reviews of financial statements in Singapore

ACRA Requirements: Regulatory requirements set by the Accounting and Corporate Regulatory Authority for financial reporting and compliance

MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore affecting financial reporting and analysis

SGX Listing Rules: Requirements for listed companies on the Singapore Exchange, including financial reporting obligations

ISCA Code of Professional Conduct and Ethics: Professional standards and ethical guidelines for chartered accountants in Singapore

ISCA Financial Reporting Practice Guidance: Practical guidance on financial reporting issues issued by the Institute of Singapore Chartered Accountants

Personal Data Protection Act 2012 (PDPA): Legislation governing the collection, use, and disclosure of personal data in financial reports and analysis

Corruption, Drug Trafficking and Other Serious Crimes Act: Anti-money laundering legislation that affects financial review and reporting requirements

Terrorism (Suppression of Financing) Act: Legislation requiring consideration of terrorism financing risks in financial analysis and reporting

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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