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 evaluation is a vital Section of the audit approach, geared toward pinpointing, quantifying, and prioritizing opportunity safety weaknesses within just an organization’s IT infrastructure. This method requires the systematic analysis of techniques, networks, and apps to detect vulnerabilities that may be exploited by cybercriminals.
Effective communication assists be certain that stakeholders have an understanding of the audit effects and just take correct steps.
The firm’s know-how in navigating Singapore’s regulatory landscape delivers additional benefit to consumers.
Tax advisory is especially precious for corporations undergoing growth or structural improvements, since it makes certain all fiscal statements and tax filings are exact and aligned with regulatory demands. This proactive solution helps reduce mistakes, cut down audit challenges, and improve All round economical health.
In 2024, we anticipate to find out even bigger integration of AI and ML in audit procedures, enabling auditors to deal with additional strategic and sophisticated facets of their operate.
RPA is another game-changer while in the audit field. It requires making use of robots or ‘bots’ to automate plan and repetitive responsibilities. RPA can handle processes including facts extraction, report generation, and compliance checks with larger pace and accuracy than human auditors. This not just cuts down the Koh & Lim Audit Singapore workload on auditors but additionally minimizes the risk of human mistake.
Continuous auditing techniques help auditors to complete audits in real-time. This is certainly a big change from conventional periodic audits, exactly where the review is executed at specific intervals.
ISO 45001 is surely an internationally recognized common designed to increase workplace basic safety by creating a sturdy occupational well being and safety management process (OHSMS). The audit procedure assesses a business’s ability to take care of health and safety dangers, lower place of work incidents, and comply with appropriate security rules.
This partnership solution ensures that clients get pleasure from ongoing aid and tips, not merely throughout the audit procedure but throughout the financial yr.
By specializing in these regions, firms can address prospective vulnerabilities and make sure monetary statements correctly reflect their operations.
ISA 315 – Identifying and Examining the Threats of Material Misstatement: ISA 315 provides steering on how auditors ought to discover and assess challenges of fabric misstatement as a result of being familiar with the entity and its setting.
In 2024, a lot more firms are very likely to undertake blockchain for their fiscal documents, making it An important Resource for auditors who need to verify the integrity of data.
Trader and Stakeholder Confidence For e-commerce firms trying to find financial investment or retaining associations with stakeholders, demonstrating economic integrity and transparency is essential.
Acquiring ISO 27001 certification demonstrates compliance Koh & Lim Audit Singapore with demanding Koh & Lim Audit Singapore details stability criteria and ensures that sturdy security controls are in position.