Review finding and decision
Lim Hui Ki, public-accountant registration 02029, obtained a not satisfactory practice-review outcome. PAOC made the published orders on 24 July 2026. The notice lists these orders among others and does not reproduce the individual audit deficiencies.
Audit restrictions and their exact periods
Written-law-required audit/reporting is restricted for 18 months, 8 August 2026–7 February 2028. All PIE audit/reporting is separately restricted for 24 months, 8 August 2026–7 August 2028. The two end dates differ.
Hot review: engagements, threshold and time
Ten engagements exceeding S$10 million annual turnover require an approved hot reviewer within 12 months, 8 February 2028–7 February 2029. Hot review starts after the 18-month restriction, while the longer PIE restriction initially continues.
Audit-principal consequences
She cannot be an audit principal from 8 August 2026 during the restriction and hot-review orders. An audit principal supervises or oversees a pupil’s qualifying audit experience. The footnote requires at least five years in public practice and absence of an audit-principal prohibition, hot-review, restriction or suspension order.
Definitions and publication version
Public interest entities take their meaning from the professional Code of Conduct and Ethics, not merely entities casually described as large businesses. The not-satisfactory footnote refers to extensive, significant or severe, or repeated non-compliance with relevant standards. Hot review is supervision and mentorship to improve audit quality; the notice refers to Practice Direction 2 of 2024 and permits a suitably qualified current or former public accountant who has passed ACRA’s practice review, subject to approval. The source identifies written law by Interpretation Act 1965 section 2(1), or the relevant company/dormancy classifications by Companies Act sections 4(1) and 205B(2), as applicable to its restriction wording.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗