Welcome to Yisong Accounting Management Site!

Where Compliance Meets Accountability

Professional Grant Audit Services For Every Level of Complexity

Securing and maintaining grants requires more than just good intentions — it demands strict compliance with funding conditions and transparent use of resources. Our grant audit services provide a thorough, independent review of how funds are utilised, ensuring every claim is accurate, eligible, and aligned with the grant’s requirements.

From straightforward audits for smaller projects to comprehensive reviews for complex, multi-stage funding arrangements, we help organisations demonstrate accountability, meet reporting obligations, and build confidence with funding bodies and stakeholders.

Why Grant Audit Services Are Necessary

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Government agencies such as Enterprise Singapore (ESG) and the Infocomm Media Development Authority (IMDA) require audited statements for grant claims to ensure :

  • Funds are used for approved purposes
  • Claims are supported by valid documentation
  • Businesses comply with grant terms and conditions.
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You are part of a group structure that requires consolidated reporting or group audits.

  • Clawbacks of grant funds due to non-compliance.
  • Reputational damage from mismanagement claims.
  • Future funding rejection from agencies.

The Key Stages of a Grant Audit (Complex & Non - Complex)

1. Engagement & Scope Definition

• Identify risks at both group level and individual entity level (financial reporting, operational, compliance).
• Evaluate likelihood and impact of these risks.
• Prioritize the risks to allocate audit resources accordingly.

 

2. Document Collection & Readiness Review
  • Gather invoices, payroll, contracts, proof of payments, and deliverables.
  • Map each cost to the grant’s eligibility rules and period.
  • Flag gaps early to avoid delays.
3. Testing and Compliance Check
  • Verify that expenditures are allowable, reasonable, and within the grant window.
  • Test internal controls around approvals and segregation of duties.
  • Identify ineligible costs or non‑compliance risks.

 

4. Reporting & Submission
  • Prepare the audit report in the funder’s required template.
  • Summarise findings and recommended corrections.
  • Support management with clarifications to the funding agency

 

5. Consolidation of Findings
  • Advise on process improvements for future grants.
  • Provide a documentation checklist and retention guidance.
  • Optional review before the next application round.

 

Common Pitfalls to Avoid

Missing or incomplete supporting documents

Costs not allowable under the
scheme

Claims outside the approved grant
period

Late appointment of auditor, causing missed deadlines

Why Choose Us?

Scheme Experience

Experience with EDG, PSG, MRA and sector‑specific grants.

Fixed & Transparent Fees

Up‑front quotes with clear deliverables.

Responsive Turnaround

Tight deadlines need quick communication.

Take Control of Your Business Records

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Start with a Personalised Quote

Get a tailored quotation for our accounting and bookkeeping services today. Simply reach out with your requirements, and our team will respond with a customised proposal that meets your business objectives.

We are available at Mon-Fri call us +65 9126 0056 during regular business hours