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.
Customer Resistance: Regulatory alterations that impose stricter necessities on auditors might confront resistance from customers, particularly whenever they perceive these adjustments as raising the fee or complexity in the audit system.
A money audit is a comprehensive examination of an organization’s economical records to make certain economic accuracy and compliance with pertinent accounting standards.
For SMEs, preserving fiscal transparency is not simply a regulatory need but a crucial facet of developing belief with stakeholders. Typical audits conducted by professional gurus like those at Koh & Lim Audit PAC supply an unbiased assessment of a firm’s money well being.
8.two Lessons Uncovered Review past incidents within just your Firm to know from them and boost your Manage surroundings. This involves a thorough investigation and also a determination to addressing root will cause.
ISO 27001 is made to support businesses create a powerful data protection administration procedure (ISMS) to safeguard sensitive data. This audit evaluates a firm’s capacity to safeguard information from unauthorized accessibility, breaches, and cyber threats.
The regulatory setting is constantly evolving, and enterprises ought to stay knowledgeable about the most up-to-date alterations that may impression their digital audits. This contains comprehending new compliance specifications, becoming mindful of approaching laws, and adapting audit procedures accordingly.
Charities in Singapore are subject matter to stringent polices to guarantee the right usage of donations and cash. Koh & Lim Audit PAC’s charity audit services assist these businesses retain compliance Along with the Charities Act and Koh Lim Audit Firm Singapore provide assurance to donors about the proper management of resources.
Each and every service is intended to meet up with unique regulatory needs and provide important insights for company advancement and compliance.
Through the audit, economic data, income statements, and supporting documents are examined to verify that every one tax liabilities have already been correctly claimed.
Investor Assurance: Substantial-high quality audits, done in accordance with ISA, boost Trader self confidence during the dependability and transparency of monetary statements, supporting funds marketplaces and financial expansion.
ISA 315 – Figuring out and Examining the Pitfalls of Material Misstatement: ISA 315 offers steerage on how auditors should detect and assess dangers of fabric misstatement by comprehension the entity Koh Lim Audit Services Singapore and its setting.
What's more, it opinions emergency protocols, including hearth security and evacuation options, to be sure compliance with protection rules. Conducting standard physical safety audits will help enterprises discover gaps inside their safety infrastructure and implement improvements to safeguard staff members, products, and sensitive info.
Complexity of Laws: The complexity and frequent evolution of auditing regulations might be mind-boggling for auditors. Staying updated with regulatory Koh Lim Audit Services Singapore adjustments and making sure compliance demands steady Understanding and adaptation.
Attaining ISO 27001 certification demonstrates compliance with rigorous data protection benchmarks and makes sure that robust security controls are set up.