PKF’s Risk Advisory Services in Singapore
By providing robust internal audits and relevant digital trust services, we aim to assist clients reduce control errors, ensure compliance, minimise exposure to fraud risk, and where it occurs, to continue their business operations with minimum disruption and halt further economic losses. We aim to enhance operational resilience and build trust in our client’s critical business processes.
Our wide and extensive service offerings include:
Internal Audit Services
Internal Audit Strategy and Advisory
Internal Audit Sourcing
Internal Controls Consulting
Code of Corporate Governance Review
Enterprise Risk Management
Technology Risks Management
Information Technology General Controls Review
Data Protection and Privacy
Data Analytics Management
Provide limited / reasonableassurance on disclosed ESGinformation
Review relevant ESG processesand controls governance
Assist management to establish sustainability reporting processes
PKF was founded with the belief that the changing landscape in the consulting profession today requires a new breed of professional service providers - professionals who can think and find solutions to meet the daily challenges faced by stakeholders.
It is because of this belief; PKF is able to differentiate from other firms by focusing on issues and solutions that give benefits and value to clients to enable them to fulfil their duties and responsibilities to stakeholders. Ultimately, what counts is the usefulness of the solutions to the issues and challenges.
PKF in Singapore is registered with PKF International as having the capability and resources to perform transnational audits as regulated by the International Federation of Accountants (“IFAC”). Currently, we have approximately 200 staff including 11 partners covering a variety of service lines from audit and assurance to tax and financial advisory services. At PKF, we are sensitive and responsive to the needs and expectations of our clients.
Complementing our depth of industry expertise and breadth of skills is our sound knowledge of the local business environment in Singapore and the ASEAN countries. PKF is committed to working with our clients to deliver the solutions that help them take on the challenges in the current volatile, uncertain, complex and ambiguous business environment.
We have a dedicated team under the PKF Risk Advisory Singapore practice, which is comprised of specialists drawn from a variety of backgrounds. The Risk Advisory practice combines a global reach with dedicated local teams to aid your business. Whether we work directly for our corporate clients, or their appointed intermediaries, we have a reputation for independence, integrity and providing practical and valuable advice on critical risks that matters.
Strategic Internal Audit Services
Provision of Internal Audits for a major contract manufacturer for complex high-tech capital equipment listed on the Singapore Exchange.
We were appointed for 5yrs to provide strategic internal audits to the client for their manufacturing operations in Singapore and Asia (e.g. China). We reviewed key business processes (e.g. Procurement to Payment, Production and Inventory Management, Post ERP Systems Implementation audit) and assessed the key risks and controls within the selected business processes. Critical risks that matters were analysed to reduce the probability that control failures lead to any unintended ‘Black Swan’ events.
Value for Client
As a result of our internal audits, the client was able to standardise their business processes and run their business operations more efficiently and effectively. The staff became more motivated as they were also trained ‘on-the-job’ when we performed our reviews. Staff became more aware of the risks certain practices may bring to business operations and was keenly involved in many of the improvement initiatives.