Audit and Due Diligence
Being Public Accountants registered with ACRA since 1995, LW Ong & Associates LLP Public Accountants & Chartered Accountants , are required to comply with the Accountants Act and other Audit's regulation such as the Code of Professional Conduct and Ethics. This includes keeping technically up-to-date through continuing professional education and have our audit work inspected under ACRA’s Practice Monitoring Programme (PMP).
While every professional firm is law abiding, being ethical is a choice. Contrary to popular practice, we believe in upholding moral values and doing the right things.
As a firm's culture resides in the heart and soul of its people, there is a continual effort to remind, monitor and develop our people on morality, such as to formalise it in the performance appraisal system.
We provides wide array of services involving :
- Financial Audit
- Due Diligence
- Forensic Audit
- Fraud Investigation.
Why is auditor independence so important?
Independence requires integrity and an objective approach to the audit process. The auditor should be independent from the client company so as to meet the following objectives :
- 1) Reliability of financial information in which is a key aspect of Corporate Governance
- 2) Credibility of financial information with a qualified or unqualified audit report
- 3) Value for money of audit work
- 4) Threats to professional standard