Auditing is more than a regulatory requirement. It is a discipline of accuracy, governance, risk-awareness, and financial clarity that strengthens an organisation’s credibility. At Koh & Lim Audit PAC, we believe an audit should not be treated merely as compliance but as a strategic tool for improving business confidence, operational transparency and long-term financial sustainability.
Located at 7500a Beach Rd, #09-324 The Plaza, Singapore 199591, our firm is built on a foundation of professionalism, independence, analytical depth and service dedication. We understand how important financial accuracy is to investors, shareholders, government regulatory bodies and business owners who need to make informed decisions. With decades of combined experience across multiple industries, we support companies of all sizes — from start-ups to mature enterprises and overseas entities operating in Singapore.
Our role is simple yet critical:
To provide objective, insightful, reliable audit and assurance services that reflect the true state of your financial health.
Our Firm Philosophy: Assurance With Integrity
Koh & Lim Audit PAC is driven by a client-focused audit philosophy grounded in three beliefs:
1. Independence & Objectivity Are Non-Negotiable
We conduct audits with a high level of professional scepticism and neutrality. Our responsibility is to uphold public interest, maintain clear ethical boundaries and deliver assurance that stakeholders can depend on.
2. Practical Solutions Backed by Real-World Understanding
Audit observations must be more than numbers on paper. We examine controls, trace transactions, review compliance gaps, evaluate risks and recommend improvements that businesses can apply immediately.
3. Transparency Builds Trust
We explain audit findings clearly, communicate in a professional and friendly manner, and ensure clients understand how audit outcomes affect governance, accountability and operational efficiency.
When your financials are clean, structured and validated, business growth becomes faster and easier. That is the experience we aim to deliver.
Our Core Audit & Assurance Services
Koh & Lim Audit PAC provides a full suite of professional audit-related services across corporate sectors in Singapore. Our specialisation includes:
1. Statutory Financial Audit for Companies in Singapore
All Singapore-incorporated companies that exceed audit exemption thresholds require annual statutory audits. We perform independent financial audits in accordance with Singapore Standards on Auditing (SSA), ensuring compliance with the Companies Act, ACRA, IRAS and relevant reporting frameworks.
We verify revenue recognition, expense classification, cash flows, asset valuation, inventory movement, liabilities, provisions, internal controls and financial disclosures — resulting in a true and fair financial statement presentation.
2. Audit for SMEs, Large Enterprises & Group Companies
Whether your organisation is privately held or has multiple subsidiaries, we carry out comprehensive audit procedures to evaluate consolidated reporting, related party transactions and cross-entity flows. Our team works closely with finance departments while maintaining full independence.
3. Gross Turnover (GTO) Audit for Shopping Malls & Retail Operators
For retail tenancy that requires turnover-based rent calculation, we perform Gross Turnover audits to verify revenue reported to landlords. Our GTO audit process ensures fairness, transparency and compliance with lease agreements — protecting both tenant and property owner interests.
4. Special-Purpose Audit & Agreed-Upon Procedures (AUP)
Some businesses require non-statutory audits for funding, shareholder review, merger evaluation or internal control assurance. We customise scope to match your objectives, enabling you to gain clarity on specific financial areas without a full audit requirement.
5. Charity & Non-Profit Organisation Audit
Charities, societies and Institutions of a Public Character (IPCs) have accountability responsibilities because they manage public funds. We provide full and independent audits that help organisations demonstrate proper stewardship, governance and donation transparency — essential for maintaining trust with donors and regulators.
6. MCST Audit for Condominium Management Corporations
Management committees must prepare accurate accounting records to ensure maintenance funds, sinking funds and operating expenditure are properly managed. Our MCST audit services enhance transparency between councils, owners and external management agents.
Industries We Serve
We understand that different industries operate differently. Revenue recognition models, inventory flows, capitalisation policies and compliance frameworks vary across sectors. Koh & Lim Audit PAC audits companies across:
- Construction & Engineering
- Retail, F&B & Shopping Mall Tenants
- Education, Tuition Centres & Training Providers
- Professional Services & Consultancy Firms
- Healthcare, Medical & Aesthetic Clinics
- Non-Profit, IPCs, Societies & NGOs
- Logistics, Distribution & Manufacturing
- Technology, Software, IT, SAAS & Digital Firms
- Wholesale, Import-Export & Trading Entities
- Property Management, MCST & Hospitality Groups
Our familiarity with industry patterns helps us identify irregularities early, improving reporting accuracy and operational trust.
Our Audit Process
Our structured audit framework ensures independence, compliance, and efficiency from start to finish:
- Understanding your business & risks
– Review controls, industry environment, accounting policies and risk exposure. - Planning & audit approach design
– Identify audit areas of concern, materiality, procedures and documentation requirements. - Fieldwork & evidence gathering
– Inspect supporting records, test transactions, validate balances, verify controls. - Evaluation & reporting of findings
– Summarise observations clearly, highlight weaknesses and recommend improvements. - Finalisation & delivery
– Issue audit report that reflects true financial position and compliance with statutory standards.
We prioritise communication and efficiency throughout the engagement to ensure audits are completed within reasonable timelines.
Why Businesses Choose Koh & Lim Audit PAC
✔ Proven experience across sectors
Our auditors have handled companies of varying complexity, ownership structure and scale.
✔ Independent, responsible & reliable
We uphold auditing standards strictly, ensuring unbiased reporting and professional integrity.
✔ Clear communication with minimal disruption
We work cooperatively with finance teams, ensuring smooth information flow and minimal workflow interruption.
✔ Focus on insights, not just compliance
Beyond issuing audit reports, we highlight risks, control gaps and opportunities for financial process improvement.
✔ Personalised client service
Every business is different — we tailor our approach to your operations, challenges and reporting needs.
Our goal is not just to audit numbers but to strengthen your business foundation, giving investors and stakeholders confidence in the numbers they rely on.
Your Trusted Audit Partner in Singapore
A strong audit offers more than statutory fulfilment. It builds credibility, reinforces governance and strengthens decision-making. With Koh & Lim Audit PAC as your audit partner, you gain more than compliance — you gain clarity, accountability and confidence.
📍 Address: 7500a Beach Rd, #09-324 The Plaza, Singapore 199591
📞 Phone: +65 98638665
📧 Email: Tommyksh@kohlimaudit.sg
🌐 Website: https://kohlimaudit.sg/
Visit the below links to find out more
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/
Let us support your company with accurate, independent and professional audit reporting.