Koh & Lim Audit PAC

Koh & Lim Audit PAC is a professional audit and assurance firm based in Singapore, providing a comprehensive suite of audit services tailored to businesses of all sizes. Established with a strong commitment to accuracy, compliance, and professionalism, the firm has built a reputation for delivering reliable audit solutions to SMEs, non-profit organisations, and corporate groups across Singapore.

With Singapore being a highly regulated financial hub, companies are required to comply with strict standards set by authorities such as ACRA and IRAS. Koh & Lim Audit PAC plays a crucial role in helping businesses meet these obligations through structured and efficient audit processes. The firm’s approach combines technical expertise with a practical understanding of business operations, ensuring audits are not only compliant but also value-adding.

About Koh & Lim Audit PAC

Koh & Lim Audit PAC operates as a Singapore-based public accounting firm specialising in audit and assurance services. The firm was incorporated in 2022 and is structured as an exempt private company limited by shares, offering accounting and auditing services to a wide range of industries.

The firm is led by experienced professionals, including Certified Public Accountants and Chartered Accountants, who bring deep industry knowledge and a client-focused mindset. Their mission is to provide businesses with confidence in their financial reporting while ensuring regulatory compliance.

Unlike larger audit firms that may adopt a one-size-fits-all approach, Koh & Lim Audit PAC emphasises personalised service. Each client engagement is tailored according to the company’s industry, size, and operational complexity.

Core Audit Services

Koh & Lim Audit PAC offers a broad spectrum of audit services designed to meet the needs of different organisations in Singapore.

1. Statutory Financial Audit

Statutory audits are essential for companies that meet specific thresholds under the Singapore Companies Act. Koh & Lim Audit PAC ensures that financial statements are prepared in accordance with Singapore Financial Reporting Standards (SFRS) and comply with regulatory requirements.

Their audit process includes:

Risk assessment and planning
Evaluation of internal controls
Verification of financial records
Issuance of independent audit opinion

This service is particularly valuable for SMEs looking to maintain credibility with stakeholders, banks, and investors.

2. Gross Turnover (GTO) Audit

Retail businesses operating in shopping malls are often required to submit GTO audit reports to landlords. Koh & Lim Audit PAC provides timely and accurate GTO audits to ensure compliance with lease agreements.

Their expertise in retail audit environments allows them to:

Verify revenue reporting accuracy
Ensure compliance with lease requirements
Provide assurance to landlords and stakeholders

3. NGO, Charity & IPC Audit

Non-profit organisations in Singapore are subject to strict governance and reporting standards. Koh & Lim Audit PAC specialises in auditing NGOs, charities, and Institutions of a Public Character (IPCs), ensuring transparency and accountability.

These audits help organisations:

Maintain donor trust
Comply with charity regulations
Strengthen governance practices

4. MCST Audit

Management Corporation Strata Title (MCST) audits are required for condominiums and strata developments. Koh & Lim Audit PAC assists MCSTs in auditing maintenance funds and sinking funds to ensure financial transparency.

Key benefits include:

Accurate reporting of maintenance funds
Compliance with regulatory requirements
Improved trust among property owners

5. Group Company Audit

For companies with multiple subsidiaries, group audits are essential for consolidation and reporting purposes. Koh & Lim Audit PAC provides group audit services that ensure consistency and accuracy across financial statements.

Industries Served

Koh & Lim Audit PAC serves a wide range of industries in Singapore, including:

Technology and IT companies
E-commerce businesses
Manufacturing and engineering firms
Logistics and supply chain companies
Professional services firms
Retail and F&B businesses

This diverse experience allows the firm to understand industry-specific risks and tailor audit procedures accordingly.

Why Businesses Choose Koh & Lim Audit PAC

There are several reasons why businesses in Singapore choose Koh & Lim Audit PAC as their audit partner.

1. Strong Regulatory Knowledge

The firm has a deep understanding of Singapore’s regulatory framework, including ACRA and IRAS requirements. This ensures that all audits are conducted in full compliance with local laws.

2. Efficient and Timely Audits

Timeliness is critical in audit engagements. Koh & Lim Audit PAC focuses on delivering audits efficiently to avoid delays in annual filings and shareholder reporting.

3. SME-Focused Approach

The firm is particularly well-suited for SMEs, offering cost-effective audit solutions without compromising on quality.

4. Personalised Service

Each client receives customised attention, ensuring that audit procedures are aligned with their specific business needs.

5. Experienced Audit Professionals

The team consists of qualified professionals with extensive experience in audit and assurance services, ensuring high-quality outcomes for every engagement.

The Importance of Audit in Singapore

In Singapore, audits are more than just a compliance requirement—they are a critical component of good corporate governance.

A proper audit helps businesses:

Detect financial irregularities
Strengthen internal controls
Improve financial transparency
Build trust with stakeholders

For growing companies, audits also enhance credibility when seeking funding or expanding operations.

Koh & Lim Audit PAC plays a key role in helping businesses achieve these objectives by providing structured and reliable audit services.

Client-Centric Approach

One of the defining features of Koh & Lim Audit PAC is its client-centric philosophy. The firm believes in building long-term relationships with clients by delivering consistent value.

Rather than treating audits as a one-time engagement, the firm works closely with clients to:

Identify potential financial risks
Improve accounting processes
Enhance internal controls

This proactive approach transforms the audit process into a strategic tool for business improvement.

Commitment to Quality and Integrity

Audit firms serve as gatekeepers of financial integrity, and Koh & Lim Audit PAC takes this responsibility seriously. The firm adheres to strict professional standards and ethical guidelines to ensure independence and objectivity in all audit engagements.

Their commitment to quality is reflected in:

Detailed audit methodologies
Continuous staff training
Adoption of technology-driven audit tools

This ensures that clients receive accurate and reliable audit reports.

Technology-Driven Audit Process

Koh & Lim Audit PAC leverages modern audit tools and technologies to enhance efficiency and accuracy. By using digital workpapers and data analytics, the firm is able to:

Identify anomalies in financial data
Improve audit accuracy
Reduce manual errors
Deliver faster results

This technology-driven approach aligns with the evolving needs of businesses in Singapore.

Supporting Business Growth

Beyond compliance, Koh & Lim Audit PAC helps businesses grow by providing insights into financial performance and operational efficiency.

Through their audit engagements, clients gain:

Better understanding of financial health
Improved decision-making capabilities
Enhanced investor confidence

This makes the firm not just an auditor, but a trusted business advisor.

Contact Information

If you are looking for a reliable and professional audit firm in Singapore, Koh & Lim Audit PAC is ready to assist you with your audit and assurance needs.

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

For more information about their services, visit their official website:
👉 https://kohlimaudit.sg/

Conclusion

Koh & Lim Audit PAC stands out as a trusted audit firm in Singapore, offering a balance of professionalism, affordability, and personalised service. Whether you are an SME, a non-profit organisation, or a growing corporate group, the firm provides comprehensive audit solutions tailored to your needs.

With a strong focus on compliance, efficiency, and client satisfaction, Koh & Lim Audit PAC continues to support businesses in achieving financial transparency and regulatory compliance in Singapore’s dynamic business environment.