Koh & Lim Audit PAC

Introduction

Koh & Lim Audit PAC is a Singapore-based public accounting corporation dedicated to providing high-quality statutory audits, assurance services, and compliance advisory to businesses across various industries. With professionalism, integrity, and reliability at the heart of its practice, the firm has become a trusted name for small and medium-sized enterprises (SMEs), corporations, non-profit organizations, and multinational businesses operating in Singapore.

The firm’s approach combines technical expertise with a deep understanding of the local business environment. By aligning with the regulations and standards of Singapore’s accounting and auditing framework, Koh & Lim Audit PAC ensures that its clients receive accurate, transparent, and value-adding audit services.

Company Background

Koh & Lim Audit PAC was established with the goal of supporting businesses in meeting statutory requirements while adding real value through professional insights. As part of Singapore’s vibrant financial services ecosystem, the firm positions itself not merely as a compliance provider, but also as a strategic partner to its clients.

The firm has built a strong reputation through its emphasis on personalized client service. Each engagement is handled with care, ensuring that audits are tailored to the specific needs, challenges, and opportunities faced by the client. Over the years, this dedication has earned the firm long-term relationships and repeat engagements with businesses from multiple sectors.

Services Offered

Koh & Lim Audit PAC provides a comprehensive suite of audit and assurance services. Its offerings extend beyond traditional statutory audits to cover a wide spectrum of specialized audit and compliance needs.

1. Statutory Audit

As a Public Accounting Corporation approved under Singapore law, Koh & Lim Audit PAC conducts statutory audits for companies that are required by the Companies Act to file audited financial statements. The firm ensures that audits are carried out in compliance with Singapore Standards on Auditing (SSA), the Companies Act, and relevant financial reporting standards.

2. Special Purpose Audits

In addition to statutory audits, the firm conducts audits for specific purposes, such as:

  • Grant Audits for businesses receiving government funding.
  • Gross Turnover (GTO) Audits for retail and F&B outlets in shopping malls.
  • Non-Profit and Charity Audits to meet the accountability requirements of societies, charities, and Institutions of a Public Character (IPCs).

3. Review and Assurance Engagements

For businesses not requiring a full statutory audit, Koh & Lim Audit PAC offers limited review and assurance services to provide stakeholders with confidence in financial statements without the cost of a full audit.

4. Internal Audit Support

Recognizing the importance of risk management and governance, the firm also provides internal audit support, helping organizations strengthen their internal control systems and business processes.

5. Regulatory and Compliance Advisory

Beyond audits, the firm guides clients in staying compliant with evolving regulations. This includes advisory on accounting standards, financial reporting, and corporate governance best practices.

Clientele

Koh & Lim Audit PAC serves a diverse client base across industries. Its portfolio includes:

  • Small and Medium Enterprises (SMEs) across manufacturing, trading, logistics, and services.
  • Non-Profit Organizations and Societies, requiring accountability to donors, members, and regulators.
  • Retail and F&B Operators, particularly in shopping malls where GTO audits are mandatory.
  • Corporate Groups and Subsidiaries, including those with regional or international operations.

The breadth of clientele underscores the firm’s versatility and its ability to adapt audit approaches to different industry environments.

Professional Standards

Koh & Lim Audit PAC is committed to upholding the highest professional standards. The firm operates in accordance with:

  • Singapore Standards on Auditing (SSA), ensuring rigor and consistency.
  • Singapore Financial Reporting Standards (SFRS), ensuring financial statements are prepared accurately.
  • Ethical Standards of the Institute of Singapore Chartered Accountants (ISCA), emphasizing independence, integrity, and objectivity.

This adherence to professional frameworks ensures that clients receive assurance services they can rely on.

Approach to Audit

The firm’s audit methodology is designed to add value beyond compliance. Key elements of its approach include:

  1. Risk-Based Audit – Identifying areas of higher risk to focus audit procedures where they matter most.
  2. Tailored Audit Plans – Adjusting audit scope and methodology to match the size and complexity of each client.
  3. Practical Recommendations – Providing insights that help clients improve internal controls, financial reporting processes, and governance practices.
  4. Transparent Communication – Keeping clients informed throughout the audit process to minimize surprises.

This balanced approach ensures that audits are not only compliant but also useful in strengthening the client’s operations.

Industry Expertise

Koh & Lim Audit PAC’s auditors bring experience across a wide range of industries. Some of the firm’s key industry focus areas include:

  • Construction and Real Estate – Managing complex project accounting and compliance requirements.
  • Retail and F&B – Conducting Gross Turnover audits for mall operators and retailers.
  • Education and Training Providers – Ensuring transparency in revenue recognition and regulatory reporting.
  • Non-Profit and Charity Sector – Supporting organizations in meeting donor and regulator expectations.
  • Professional Services – Auditing firms in legal, consultancy, and financial services sectors.

This multi-industry expertise allows the firm to provide practical insights tailored to each client’s operating environment.

Values and Philosophy

At its core, Koh & Lim Audit PAC is guided by values that define its relationships with clients:

  • Integrity: Maintaining independence and objectivity in all audit engagements.
  • Excellence: Delivering high-quality audit work that meets regulatory standards.
  • Client-Centric Service: Understanding each client’s business environment and challenges.
  • Long-Term Partnerships: Building trust through consistency and reliability.

These values underpin every engagement, reinforcing the firm’s reputation as a trusted advisor.

Team and Expertise

The firm’s strength lies in its team of qualified auditors and professionals, many of whom are members of the Institute of Singapore Chartered Accountants (ISCA). With a blend of technical knowledge and practical business experience, the team ensures that audits are efficient, accurate, and insightful.

The partners and managers at Koh & Lim Audit PAC maintain close involvement in each engagement, providing clients with direct access to senior professionals. This hands-on approach ensures quality and accountability throughout the audit process.

Why Businesses Choose Koh & Lim Audit PAC

Businesses turn to Koh & Lim Audit PAC for several reasons:

  1. Regulatory Compliance – Assurance that audits are conducted to meet Singapore’s legal and professional standards.
  2. Practical Insights – Recommendations that go beyond compliance to support operational improvements.
  3. Personalized Service – Tailored audit plans that suit the specific business model and size of the client.
  4. Cost-Effective Solutions – Professional services delivered at competitive rates.
  5. Long-Term Trust – A reputation for consistency, reliability, and professionalism.

Role in Singapore’s Business Ecosystem

In Singapore, where financial transparency and compliance are critical to business success, Koh & Lim Audit PAC plays an important role. By providing accurate, reliable, and timely audits, the firm helps companies maintain investor confidence, comply with statutory requirements, and strengthen governance practices.

Its work with SMEs, in particular, contributes to the sustainability of this vital sector of the economy. By helping smaller businesses stay compliant, the firm supports their growth and enhances their ability to attract funding and investment.

Future Outlook

As Singapore continues to evolve as a global financial hub, demand for high-quality audit and assurance services will only grow. Koh & Lim Audit PAC is well-positioned to meet this demand by:

  • Expanding Digital Capabilities – Leveraging audit software and data analytics for more efficient audits.
  • Strengthening Expertise – Keeping abreast of regulatory changes and industry best practices.
  • Sustainability Reporting – Preparing for the growing importance of environmental, social, and governance (ESG) reporting.
  • Supporting Regional Expansion – Assisting clients with cross-border operations in ASEAN and beyond.

By adapting to emerging trends, the firm is set to continue its growth and remain a trusted partner in assurance and compliance.

Conclusion

Koh & Lim Audit PAC stands out as a professional, reliable, and client-focused public accounting corporation in Singapore. With its comprehensive audit and assurance services, industry expertise, and commitment to integrity, the firm has become a trusted partner for businesses across sectors.

Its dedication to delivering value beyond compliance makes it more than an auditor—it is a strategic ally that helps clients improve transparency, governance, and operational efficiency. For SMEs, corporations, and non-profits seeking dependable audit services in Singapore, Koh & Lim Audit PAC represents a partner of choice.

Visit https://kohlimaudit.sg/ to find out more.

📍 Address: 7500a Beach Rd, #09-324 The Plaza, Singapore 199591
📞 Phone: +65 98638665
📧 Email: Tommyksh@kohlimaudit.sg
🌐 Website: https://kohlimaudit.sg/

Statutory Audit: https://kohlimaudit.sg/services_post/company-statutory-financial-audit-singapore/
MCST Audit: https://kohlimaudit.sg/services_post/mcst-audit-singapore/
GTO Audit: https://kohlimaudit.sg/services_post/gto-sales-turnover-audit-singapore/
Group Audit: https://kohlimaudit.sg/services_post/group-company-audit-services-singapore/
Non-Profit Audit: https://kohlimaudit.sg/services_post/ngo-non-profit-charity-audit/