Review finding and decision
Ong Lian Hwa, public-accountant registration 00943, failed to pass a revisit practice review. PAOC made the published orders on 5 October 2018. The notice lists these orders among others and does not reproduce the individual audit deficiencies.
Audit restrictions and their exact periods
For six months, 20 October 2018–19 April 2019, restrictions cover non-dormant public companies, non-dormant non-EPC private companies, and non-dormant EPCs with annual revenue over S$10 million. All PIE restrictions run 24 months, 20 October 2018–19 October 2020, or until he undergoes and is informed he has passed his next review, whichever is earlier.
Hot review: engagements, threshold and time
Ten engagements exceeding S$10 million annual turnover require an approved hot-review partner within nine months starting 20 April 2019.
Audit-principal consequences
He cannot be an audit principal from 20 October 2018 until the restriction ends, and until hot review is completed if later. 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 hot-review footnote refers to Practice Direction 4 of 2010. The publication is a historical case record, not a confirmation that the person’s practice-review status has subsequently changed. 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. The source says it was updated on 5 March 2026 to align with Practice Direction 1 of 2024, updated on the same date. That publication update does not change the order periods given above.
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 ↗