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Koh & Lim Audit PAC

Koh & Lim Audit PAC

Koh & Lim Audit PAC is a Singapore-based audit firm dedicated to delivering high-quality audit and assurance services to companies that value accuracy, compliance, and professionalism. As businesses in Singapore continue to operate in a highly regulated environment, the need for reliable auditors has never been more important. Koh & Lim Audit PAC provides businesses with the confidence that their financial statements are accurate and aligned with regulatory expectations.

With a strong focus on serving small and medium-sized enterprises (SMEs), as well as larger corporations and non-profit organisations, the firm has positioned itself as a dependable partner for audit services in Singapore.

Who is Koh & Lim Audit PAC

Koh & Lim Audit PAC is a professional audit firm offering a comprehensive range of audit and assurance services. The firm’s goal is to ensure that businesses meet statutory requirements while also improving their financial reporting systems.

The firm is backed by a team of experienced professionals who are well-versed in Singapore’s audit and financial reporting standards. By combining technical expertise with practical business understanding, Koh & Lim Audit PAC ensures that each audit engagement is both thorough and efficient.

Clients benefit from a hands-on approach, where auditors work closely with management to understand the company’s operations and financial processes.

Full Suite of Audit Services

Koh & Lim Audit PAC offers a wide array of audit services designed to cater to the diverse needs of businesses in Singapore.

Statutory Financial Audit

Statutory audits are required for companies that exceed certain thresholds under Singapore law. Koh & Lim Audit PAC conducts comprehensive statutory audits to ensure compliance with Singapore Financial Reporting Standards (SFRS).

This includes:

  • Reviewing financial statements
  • Assessing internal control systems
  • Performing audit testing
  • Providing an independent audit opinion

A statutory audit enhances the credibility of financial statements and provides assurance to stakeholders.

Gross Turnover (GTO) Audit

Businesses operating in retail and F&B sectors often require GTO audits as part of their lease agreements with landlords. Koh & Lim Audit PAC provides detailed GTO audits to verify revenue accuracy.

This service helps businesses:

  • Meet lease obligations
  • Avoid discrepancies in reported revenue
  • Maintain transparency with landlords

Audit for Non-Profit Organisations

Non-profit organisations, charities, and IPCs must maintain strict accountability in their financial reporting. Koh & Lim Audit PAC provides specialised audit services for these entities.

These audits ensure:

  • Proper utilisation of funds
  • Compliance with regulatory requirements
  • Transparency for donors and stakeholders

MCST Audit Services

For Management Corporation Strata Title (MCST) entities, financial transparency is crucial. Koh & Lim Audit PAC audits maintenance and sinking funds to ensure proper financial reporting.

This service supports:

  • Accountability in property management
  • Compliance with statutory regulations
  • Confidence among residents and owners

Group Audit and Consolidation

Companies with multiple subsidiaries require group audits to consolidate financial statements. Koh & Lim Audit PAC ensures consistency across all entities and accurate reporting at the group level.

Industry Expertise

Koh & Lim Audit PAC works with a broad range of industries, enabling the firm to understand sector-specific challenges and risks.

Industries served include:

  • Retail and F&B
  • Technology and IT
  • E-commerce
  • Manufacturing
  • Logistics and supply chain
  • Professional services

This experience allows the firm to tailor audit procedures to suit the unique requirements of each industry.

Key Advantages of Engaging Koh & Lim Audit PAC

Businesses engage Koh & Lim Audit PAC for its reliability and professional approach.

Deep Understanding of Singapore Regulations

The firm is well-versed in ACRA and IRAS requirements, ensuring full compliance in all audits.

Efficient Audit Execution

Koh & Lim Audit PAC conducts audits efficiently to minimise disruption to business operations.

Competitive Pricing

The firm offers cost-effective solutions, making it an attractive choice for SMEs.

Personalised Service

Each client receives tailored attention, ensuring that audits address specific business needs.

Experienced Professionals

The audit team consists of qualified professionals with extensive experience in audit and assurance.

Importance of Audit in Singapore

In Singapore, audits are a key component of corporate governance. They provide assurance that financial statements are accurate and comply with regulatory standards.

An audit can help businesses:

  • Identify financial discrepancies
  • Strengthen internal controls
  • Improve reporting accuracy
  • Build trust with stakeholders

Koh & Lim Audit PAC ensures that clients receive these benefits through a structured and thorough audit process.

Structured Audit Approach

The firm follows a systematic audit methodology to ensure consistency and quality.

  1. Understanding the Business
    The audit team gains insights into the client’s operations and risk areas.
  2. Audit Planning
    A detailed audit plan is developed based on identified risks.
  3. Fieldwork and Testing
    Financial transactions and controls are tested.
  4. Analysis and Review
    Findings are evaluated to ensure accuracy.
  5. Audit Reporting
    An independent audit opinion is issued.

This approach ensures that audits are conducted efficiently and effectively.

Commitment to Professional Standards

Koh & Lim Audit PAC adheres to Singapore Standards on Auditing and maintains strict independence in all engagements. The firm’s commitment to integrity ensures that clients receive unbiased and reliable audit reports.

Continuous training and development ensure that the audit team stays updated with the latest industry developments.

Technology in Audit Services

To enhance efficiency and accuracy, Koh & Lim Audit PAC leverages technology in its audit processes. Digital tools and data analytics enable the firm to:

  • Detect anomalies in financial data
  • Improve audit accuracy
  • Reduce manual work
  • Deliver timely results

This technology-driven approach ensures that clients receive high-quality services.

Helping Businesses Grow

Koh & Lim Audit PAC goes beyond compliance by helping businesses improve their financial processes. Through audits, the firm provides insights that support better decision-making and operational efficiency.

This makes the firm a valuable partner for businesses looking to grow and expand.

Long-Term Client Relationships

The firm places a strong emphasis on building long-term relationships with clients. By delivering consistent quality and reliable service, Koh & Lim Audit PAC has established itself as a trusted audit partner in Singapore.

Clients benefit from ongoing support and a deep understanding of their business needs.

Contact Details

For businesses seeking professional audit services in Singapore, Koh & Lim Audit PAC is available to assist.

Phone: +65 98638665
Address: 7500A Beach Road, #09-324 The Plaza, Singapore 199591

Find out more about their services here:
👉 https://kohlimaudit.sg/

Conclusion

Koh & Lim Audit PAC is a professional audit firm that provides comprehensive audit and assurance services to businesses in Singapore. With a focus on compliance, efficiency, and client satisfaction, the firm delivers high-quality audits that meet regulatory requirements and support business growth.

Whether you need a statutory audit, GTO audit, MCST audit, or specialised audit services, Koh & Lim Audit PAC offers tailored solutions designed to meet your needs.