Is the auditor to endorse the unaudited reports while the auditor name is still in ACRA records?

No. The auditor is not required to endorse or sign the unaudited reports even though the auditor’s name is still in ACRA records due to whatever the reasons.

You can prepare the unaudited Financial Statements for the particular FYE provided your company is entitled for Small Company which is exempted from audit requirements.

Small Company Exemption

In general, a company will be considered a “small company” if it is a private company throughout the current financial year, and satisfies any 2 of the following criteria for each of the 2 financial years immediately before the current financial year:

• The company’s revenue does not exceed SGD10 million;
• The value of the company’s total assets does not exceed SGD10 million; or
• The company does not have more than 50 employees.

Refer to the Thirteenth Schedule of the CA for the criteria that companies incorporated for less than 3 years, or incorporated before 1 July 2015, have to meet in order to be considered a “small company”.