Koh & Lim Audit PAC – Your Trusted Audit Partner in Singapore
Introduction
Koh & Lim Audit PAC is a professional audit firm based in Singapore, dedicated to delivering high-quality audit and assurance services to businesses across various industries. As a Public Accounting Corporation registered with the Accounting and Corporate Regulatory Authority (ACRA), Koh & Lim Audit PAC has built a strong reputation for its commitment to accuracy, compliance, and client satisfaction. With decades of experience and a team of seasoned professionals, the firm provides tailored auditing solutions that support the financial health, regulatory compliance, and sustainable growth of its clients.
Company Background
Established as part of a legacy business group with over four decades of professional experience, Koh & Lim Audit PAC continues the tradition of excellence set by its founders. The firm was formed to meet the evolving demands of modern businesses in Singapore, particularly in areas related to statutory audits, internal audits, financial reporting, and advisory services.
Koh & Lim Audit PAC is known for upholding the highest standards of integrity, transparency, and accountability. These principles guide the firm’s audit engagements and enable it to deliver reliable insights that help clients make informed business decisions. Whether serving small and medium enterprises (SMEs), listed entities, non-profit organizations, or multinational corporations, the firm ensures that each audit engagement is executed with professionalism and precision.
Core Services
Koh & Lim Audit PAC offers a comprehensive suite of audit and assurance services designed to meet the statutory, financial, and operational needs of its clients:
- Statutory Audit Services
Statutory audits are a legal requirement for many companies in Singapore. Koh & Lim Audit PAC conducts audits in accordance with the Singapore Standards on Auditing (SSA) and the Companies Act. Their audit approach emphasizes risk assessment, internal control evaluation, and in-depth testing to ensure financial statements present a true and fair view of the company’s affairs. - Internal Audit Services
For companies seeking to strengthen their governance and internal control systems, Koh & Lim Audit PAC provides internal audit solutions. These audits assess the efficiency and effectiveness of internal processes, highlight operational risks, and offer actionable recommendations to enhance corporate governance and risk management practices. - Special Purpose Audits
In addition to statutory requirements, businesses may need audits for specific purposes such as grant compliance, revenue verification, or mergers and acquisitions. Koh & Lim Audit PAC has experience handling such engagements, ensuring accuracy and transparency for stakeholders including regulators, investors, and board members. - Gross Turnover (GTO) Audits
The firm also specializes in conducting GTO audits, particularly for retail and commercial tenants operating in Singapore shopping malls. These audits verify the reported gross turnover for rental and lease compliance, providing landlords and REIT managers with assurance on revenue reporting. - Non-Profit and Charity Audits
Koh & Lim Audit PAC works closely with charitable institutions, societies, and Institutions of a Public Character (IPCs) to ensure that donated funds and public monies are properly accounted for. Their auditors are well-versed in the regulatory requirements governing non-profits and take a meticulous approach to ensure compliance with reporting obligations. - Financial Due Diligence
For clients engaging in mergers, acquisitions, or investment deals, Koh & Lim Audit PAC offers financial due diligence services. These help uncover potential risks, verify the accuracy of financial data, and support informed decision-making for strategic transactions.
Industry Expertise
Koh & Lim Audit PAC has built significant expertise across a wide range of industries including but not limited to:
- Construction and Engineering
The firm understands the complexities of revenue recognition, project accounting, and subcontractor management that are unique to construction firms. - Retail and F&B
With a strong track record in GTO audits, the firm supports retail brands and food & beverage businesses in lease compliance and financial audits. - Healthcare and Aesthetic Clinics
Koh & Lim Audit PAC is familiar with audit considerations unique to clinics and healthcare providers, including medical income reconciliation and regulatory compliance. - Non-Profit and IPCs
Auditors at the firm are adept at managing audits for charities and non-profit organizations, ensuring adherence to Charity Council and Commissioner of Charities (COC) guidelines. - Technology Startups and SMEs
Understanding the challenges of fast-growing startups and SMEs, the firm provides audits that are practical, timely, and value-driven.
Why Businesses Trust Koh & Lim Audit PAC
- Client-Centric Approach
Koh & Lim Audit PAC believes in building long-term relationships with its clients. The team invests time in understanding the client’s business, internal systems, and external environment to offer solutions that go beyond regulatory compliance. - Experienced and Qualified Professionals
The audit team comprises Chartered Accountants, Accredited Tax Advisors, and audit professionals with years of experience in statutory audits, internal audits, and compliance reporting. Their collective expertise ensures that every engagement is conducted with accuracy and professional integrity. - Prompt and Reliable Delivery
Businesses value timely audits that do not disrupt operations. Koh & Lim Audit PAC is known for its responsive service and efficient audit processes, helping clients meet filing deadlines and statutory obligations without unnecessary delays. - Cost-Effective Services
The firm’s audit services are competitively priced without compromising on quality. This makes Koh & Lim Audit PAC an ideal partner for SMEs and growing enterprises that require reliable audit support within reasonable budgets. - Commitment to Ethics and Compliance
Koh & Lim Audit PAC adheres strictly to the Code of Professional Conduct and Ethics issued by ACRA and ISCA (Institute of Singapore Chartered Accountants). Clients can be assured of impartial audits performed to the highest professional standards.
Commitment to Technology and Innovation
Koh & Lim Audit PAC embraces innovation in auditing and accounting practices. The firm utilizes audit software, cloud accounting systems, and digital workflows to improve audit accuracy and enhance collaboration with clients. By leveraging technology, the firm streamlines audit engagements and minimizes manual inefficiencies.
The firm also advises clients on adopting accounting automation tools and cloud-based reporting to improve financial transparency, especially for SMEs transitioning from traditional bookkeeping to modern systems.
Leadership and Values
Koh & Lim Audit PAC is led by experienced partners who bring a wealth of industry knowledge and a passion for supporting local businesses. The firm is part of a family legacy that values trust, professionalism, and community contribution. As a second-generation business, the current leadership continues to uphold these values while adapting to the modern business landscape.
The firm is also committed to mentoring the next generation of audit professionals and actively supports continuous professional development and ethical education among its team members.
Community and Social Responsibility
Beyond business, Koh & Lim Audit PAC supports initiatives that contribute to the greater good. The firm is involved in auditing charitable institutions and supporting their accountability to the public. By doing so, it plays a key role in strengthening trust in the non-profit ecosystem in Singapore.
Contact Information
For businesses seeking a reliable and experienced audit partner, Koh & Lim Audit PAC welcomes all enquiries:
- Phone: +65 98638665
- Email: Tommyksh@kohlimaudit.sg
- Office Address: 7500a Beach Road, #09-324 The Plaza, Singapore 199591
- Website: https://kohlimaudit.sg
Conclusion
Koh & Lim Audit PAC stands out as a trusted audit firm in Singapore, offering a balance of experience, professionalism, and value. With a clear understanding of local regulatory requirements and industry-specific challenges, the firm supports businesses in achieving financial clarity, operational efficiency, and statutory compliance. Whether you are a startup, SME, non-profit, or large corporation, Koh & Lim Audit PAC provides the assurance you need to operate with confidence in today’s complex business environment.