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.
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Koh Management, a leader in accounting services in Singapore, has formally announced that it's going to start an all-new audit division under the title Koh & Lim Audit. The business will present holistic auditing services to clientele and consult with with firms on their own accounting needs.
Fraud Detection and Prevention: Detecting and stopping fraud is usually a vital aspect of an auditor’s role. By analyzing financial data and transactions, auditors can establish irregularities and signs of fraudulent things to do.
8.2 Lessons Discovered Review past incidents within just your Corporation to find out from them and increase your control atmosphere. This consists of a radical investigation and a dedication to addressing root results in.
ISO 27001 is made to support businesses set up a powerful details security management system (ISMS) to safeguard delicate details. This audit evaluates a corporation’s ability to defend information and facts from unauthorized entry, breaches, and cyber threats.
Regulatory bodies in Singapore and world wide are more and more adopting electronic applications to monitor compliance. In 2024, companies will need to stay up-to-day with the most up-to-date regulatory changes and make certain that their electronic Koh & Lim Audit Singapore audit procedures are aligned Using these needs.
Charities in Singapore are subject to stringent laws to ensure the appropriate utilization of donations and cash. Koh & Lim Audit PAC’s charity audit services assistance these companies preserve compliance While using the Charities Act and provide assurance to donors about the appropriate management of cash.
Companies selected for an IRAS audit can have their accounting records, economic statements, and tax returns scrutinized Koh Lim Audit Firm Singapore to Koh Lim Audit Services Singapore recognize discrepancies or misreporting. The audit serves to detect below-reporting of earnings, overstatement of deductions, or failure to comply with tax obligations.
Evaluate Final results: Very carefully evaluation the audit report and comprehend the auditor’s conclusions and recommendations. This allows detect parts for improvement and makes certain that you address any challenges raised.
Comprehension that the way forward for auditing lies in nurturing new expertise, Koh & Lim is dedicated to developing the subsequent era of audit pros.
Stick to-Up: Auditors usually carry out abide by-up critiques making sure that the Corporation has applied the suggested enhancements and tackled any difficulties discovered during the audit. This follow-up system will help manage the integrity and effectiveness on the audit.
Recognizing the exclusive problems confronted by non-financial gain organizations and charities, Koh & Lim has made abilities in NGO and charity audits.
Participating with lawful and compliance professionals can help corporations navigate these improvements and stay away from opportunity penalties.
This contains examining billing units, reconciling profits streams, and evaluating the accuracy of sales transactions and subscription billing.