Yes, you can prepare your own company’s financial statements in Singapore. However, it is essential to note that certain requirements must be met to ensure that the financial statements are accurate and compliant with local regulations. If you are not aware of these rules and regulations or fail to meet them, there may be consequences such as fines imposed by the authorities.

In addition, any inaccuracies in your financial statements can lead to penalties such as late filing fees and interest payments that could have been avoided with professional assistance. As such, it is also important to note that company financial statements that do not meet specific requirements may require additional filings.

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