Unaudited Private Company Financial Statements must be assembled as part of the compilation of accounts or documents. Profit and loss statements, a balance sheet, and financial statements are put together to paint a picture of the company’s financial position.
Companies that are exempt from the audit requirement still need to produce a full set of unaudited financial statements that adhere to Singapore Financial Reporting Standards and include a directors’ statement and explanatory remarks.
Source: https://raseotech1234.blogspot.com/2023/03/the-best-approved-and-reliable-tax.html