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.
A forensic audit is often a specialised audit course of action done when There may be suspicion of fraud or monetary misconduct in just a corporation. This sort of audit delves deep into economical data to identify discrepancies, misappropriations, or felony action.

Interior Command Evaluation: Auditors Consider the efficiency of a corporation’s internal controls. Inner controls are procedures and procedures meant to safeguard assets, ensure the precision of financial documents, and stop fraud. Auditors evaluate whether or not these controls are satisfactory and functioning as intended.

Typically, auditing is a labor-intensive approach, greatly reliant on guide procedures and considerable paperwork. Nevertheless, with the advent of contemporary audit tools, the sphere has undergone a substantial transformation, maximizing both equally efficiency and precision. This information explores the various fashionable audit instruments which might be revolutionizing the market.

Facilitate Accessibility: Ensure that auditors have entry to relevant personnel and resources needed to accomplish the audit efficiently.

Improved Compliance: By verifying compliance with legal guidelines and restrictions, auditors help organizations stay away from authorized difficulties and penalties. This compliance ensures that the Group operates in the lawful framework, protecting its status and reliability.

Regulatory bodies in Singapore and around the globe are more and more adopting electronic resources to monitor compliance. In 2024, companies will need to remain up-to-day with the most recent regulatory variations and be certain that their digital audit processes are aligned with these prerequisites.

Experienced Status: Auditors who adjust to ISA demonstrate their motivation to superior professional expectations, enhancing their standing and believability from the Market.

Improved Audit High quality and Status: Compliance with stringent regulatory requirements boosts the standard of audits along with the trustworthiness of audit Koh Lim Audit Services Singapore stories. This, subsequently, enhances the name of audit firms and boosts stakeholder self-confidence within their get the Koh & Lim Audit Singapore job done.

Constant Advancement: Make use of the audit results to system for continuous enhancement inside your economic management and operational techniques. Regularly critique and update your procedures to make certain ongoing compliance and performance.

This extended-time period viewpoint permits a deeper understanding of Every single customer’s enterprise, causing additional insightful and important audit services.

Observe-Up: Auditors frequently carry out abide by-up assessments to make certain the Business has implemented the advisable improvements and resolved any concerns determined during the audit. This adhere to-up course of action assists preserve the integrity and success in the audit.

Complexity: ISA could be complex and thorough, necessitating auditors to possess a deep comprehension of the expectations and the chance to implement them proficiently in numerous contexts.

An IRAS tax audit is carried out by Singapore’s Inland Income Authority of Singapore (IRAS) to be certain companies and persons comply with regional tax polices. This audit course of action involves a thorough evaluation of economic information to validate the precision of tax filings and ensure tax compliance.

Regulatory Compliance: Compliance with ISA aids auditors and audit firms meet regulatory requirements and stay clear of potential authorized Koh Lim Audit Services Singapore and regulatory effects.