Helen Sim

Helen Sim is a Fellow Singapore Chartered Accountant (practicing); a Fellow member of the Association of Chartered Certified Accountants (United Kingdom) and is also a member of the Institute of the Internal Auditors of Singapore. She is also in the Public Accounting Practice Committee (ISCA) since 2016.

She was a former member of the Local Executive Committee of the Singapore ACCA Branch from FY 2007 to FY 2010 (as honorary secretary in FY 2010 and honorary treasurer in FY 2009) and a committee member of the Public Accounting Practice Committee of the then ICPAS.

Prior to starting her practice, D' Ark Associates in May 2007, Helen was a Practice Review Manager with the local regulatory authority. Helen was one of the team members, regulating the audit engagements of the local small audit firms for compliance with current auditing standards and practices and the review of financial statements for compliances with FRS & IFRS.

Helen was previously involved as a seminar trainer for the Continuing Professional Educational seminars organised by the ICPAS and ACCA specialising in the auditing standards and the local recommended audit manual for small and medium sized companies. Helen is also a seminar trainer with AcClarity International Pte Ltd, Wolters Klumer and various audit practices.

Helen has worked in both the local audit firms and the international audit firms. She has managed and took charge of a portfolio of clients comprising listed companies, multinationals and local enterprises. In addition to managing a portfolio of clients, she had been involved in the Technical Department of one of the international accounting firm, supported the Technical helpdesk and also in the setting up of the Intranet of that Firm. She was also involved in pioneering the implementation of the business process audit methodology and the development of the case studies for training and the drafting of the audit programme templates for the firm.

Other than her extensive audit experience in both the international firms and local audit firms, Helen has been involved on a diversified portfolio ranging from internal audit assignments, and fraud related investigative work. She is experienced in reviewing clients' related risks. Some of her major assignments include:

• Process reviews, risk identification and assessment, identification and analysis of key performance indicators including issuing appropriate recommendations to improving the processes and internal controls for a medium sized main board listed company;
• Review processes, risks and controls for Singapore, Malaysia and Shanghai operations of a main board listed group including drafting the SOP for its Singapore operations;
• Forensic accounting review for a large European multinational corporation where former senior management staff was suspected of perpetrating fraudulent transactions and misstating the financial statements relating to prior financial years;
• Forensic accounting and investigative work on questionable transactions entered into by certain directors relating to the transfer of control of a subsidiary of a foreign listed group to a privately controlled entity via accounting irregularities and legal documentation; and
• Fraud risk assessment for a US multinational planning to acquire a large local company in Shanghai.