Welcome to Koh & Lim Audit PAC, where precision meets trust in auditing excellence. Founded by seasoned professionals in the industry, Koh & Lim Audit PAC is committed to delivering meticulous audit services tailored to meet the unique needs of our clients.
At Koh & Lim Audit PAC, we pride ourselves on our integrity, professionalism, and dedication to quality. Whether you are a small business, a non-profit organization, or a large corporation, our team is here to provide comprehensive audit solutions that ensure compliance, mitigate risk, and enhance transparency in financial reporting.
Driven by a passion for accuracy and a deep understanding of regulatory requirements, our firm goes beyond numbers to provide valuable insights that empower our clients to make informed decisions with confidence. We believe in building lasting relationships based on reliability and accountability, striving to be not just auditors, but trusted advisors to our clients.
Started by business veterans having a vision to redefine audit services, this firm has swiftly become synonymous with meticulous economical scrutiny and unwavering professionalism.
Interior Manage Evaluation: Auditors evaluate the usefulness of an organization’s inside controls. Inside controls are processes and policies designed to safeguard property, make sure the precision of economic data, and stop fraud. Auditors assess whether these controls are sufficient and functioning as intended.
Quite a few misconceptions exist about auditing, including the belief that it’s purely about acquiring faults or unneeded for more compact organizations. On the other hand, audits Perform a vital part in making certain monetary precision, regulatory compliance, and economic transparency—all of which are vital to a business’s success.
An software security audit concentrates on evaluating the safety of application apps to guarantee These are secured towards vulnerabilities that could be exploited by attackers.
An ISO audit is an intensive examination of a business’s processes and management programs to make sure compliance with internationally acknowledged industry expectations proven through the International Organization for Standardization (ISO).
Singapore’s regulatory landscape is known for its stringency, and SMEs must navigate these waters carefully to prevent penalties and lawful difficulties. Koh & Lim Audit PAC’s abilities in community polices assures that companies continue to be compliant with the newest benchmarks established by authorities including the Accounting and Corporate Regulatory Authority (ACRA).
A thoroughly clean audit report boosts Trader self esteem and enhances the company’s popularity. It provides prospective traders, associates, and stakeholders with assurance about the company’s money health and management practices, facilitating simpler use of funding and collaborations.
Audits also enable discover inefficiencies and areas for advancement in financial processes, bringing about superior Price tag administration and risk mitigation. In addition, they assure compliance with regulatory criteria, keeping away from potential penalties and lawful difficulties.
Automating plan duties for example data extraction, reconciliation, and Examination as a result of facts analytics resources appreciably increases Koh Lim Audit Services Singapore the performance with the audit system.
Increased Transparency and Reporting: Regulatory adjustments have also focused on enhancing transparency in audit reporting. One example is, the enhanced auditor’s report underneath ISA 700 necessitates auditors to provide more specific details about vital audit issues, major pitfalls, and their responses.
Increased Auditor Independence: Regulatory Koh Lim Audit Services Singapore alterations have introduced stricter guidelines to be sure auditors continue to be unbiased from their shoppers. As an example, SOX prohibits auditors from offering specified non-audit services for their audit purchasers, whilst the EU ARD mandates the rotation of audit firms after a specified time period. These measures assistance to mitigate conflicts of fascination and increase the objectivity of auditors.
A health and protection compliance Koh Lim Audit Services Singapore audit guarantees that businesses adjust to place of work protection guidelines, like Singapore’s Workplace Basic safety and Wellbeing Act. These audits evaluate security protocols, equipment servicing, and worker coaching to forestall accidents and endorse a secure Doing work surroundings.
For the core of Koh & Lim Audit PAC’s choices is their company fiscal audit service. This in depth evaluate of a business’s economical statements ensures that they current a true and good view of your Corporation’s economic position.
Their motivation to excellence and customer-centric tactic has positioned them as a leader in the field, earning the believe in of numerous SMEs across several industries.