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.
Vulnerability assessment is an important Element of the audit process, geared toward figuring out, quantifying, and prioritizing potential security weaknesses within a firm’s IT infrastructure. This process involves the systematic analysis of systems, networks, and purposes to detect vulnerabilities which could be exploited by cybercriminals.
Descriptive analytics requires summarizing historical data to know what has transpired up to now. In auditing, This could certainly involve analyzing transaction information to discover trends, including seasonal versions in product sales or expenses.
Fraud Detection and Avoidance: Detecting and protecting against fraud is a crucial element of an auditor’s position. By analyzing monetary data and transactions, auditors can detect irregularities and signs of fraudulent activities.
The firm’s method combines rigorous Evaluation with insightful recommendations, assisting companies discover locations for enhancement and progress.
Ultimately, shareholders can achieve more assurance in a business thanks to an external audit. Koh & Lim Audit have the ability to assistance a shopper achieve these goals and much more.
Professional Competence and Owing Treatment: Auditors should have the necessary techniques, knowledge, and know-how to execute audits in accordance with ISA. They need to exercise owing treatment and professional judgment in organizing and conducting audits.
Skilled Reputation: Auditors who comply with ISA show their determination to higher Experienced specifications, enhancing their status and believability within the Koh & Lim Audit Singapore Market.
Fraud and Cybersecurity Threats: The rise in fraudulent actions and cybersecurity threats presents significant troubles for auditors. They must develop robust methods to detect and forestall fraud and tackle cybersecurity risks efficiently.
A statutory audit is a compulsory audit essential by regulation for specific types of businesses, such as publicly outlined businesses or These with substantial economic turnovers. This audit makes sure that a business’s monetary statements comply with authorized specifications and accounting benchmarks, such as the SFRS.
In the quickly evolving landscape of company and finance, the significance of auditing can't be overstated. Auditors Engage in a essential purpose in guaranteeing the accuracy of financial documents, compliance with polices, and the general integrity of monetary reporting.
Confidentiality: Auditors are entrusted with delicate financial data and are expected to keep up confidentiality. They have to safeguard the confidentiality of shopper details and chorus from disclosing it without Koh Lim Audit Services Singapore having good authorization.
What's more, it evaluations emergency protocols, including fire protection and evacuation options, to guarantee compliance with safety restrictions. Conducting normal Actual physical security audits can help organizations identify gaps within their safety infrastructure and implement enhancements to safeguard workforce, tools, and delicate information and facts.
Koh & Lim Audit PAC’s know-how in this area ensures that companies can confidently report their turnover figures to applicable authorities.
Via mentorship systems and ongoing instruction, they are making sure that their Koh Lim Audit Firm Singapore high expectations of excellence will probably be maintained effectively into the long run.