AUDIT
Audit expertise you need. Service you deserve.
TAXATION
Understand your tax.
SST
Our SST experience. Assurance for you.
SECRETARY
Incorporate your business.
ACCOUNTING
‘Accounting is the language of business’
by Warren Buffett
With over 20 years of experience as a reputable audit and accounting firm in Malaysia, KS Chia & Associates provides a wide range of accounting services and solutions to businesses across various industries. Be it a small, emerging business or a large-scale enterprise, we are committed to delivering tailored services that cater to our clients’ specific needs. We aim to attain exceptional outcomes and help our clients maximise their full potential.
With a long-standing history of integrity, trust, and efficiency, the audit and accounting firm offers comprehensive services to a diverse clientele, such as auditing, accountancy, tax consulting, sales and service tax (SST), corporate secretarial, and payroll services. These services are not only designed to maintain compliance with regulatory requirements, but also interconnected to optimise financial performance. Our holistic approach ensures that every aspect of your business is considered while delivering valuable insights for informed decision-making and a seamless alignment of financial strategies. This integration enables us to provide a one-stop solution for all financial needs, enhancing efficiency and contributing to your business’s overall success.
At KS Chia & Associates, we uphold high standards of customer service and professionalism in our practice. Our team of licensed professionals undergo continuous training to stay abreast of industry trends, providing practical solutions to tax and accounting matters. Prioritising clear communication and accountability are the cornerstones of our audit and accounting firm to ensure our clients receive the highest quality service and guidance for sound business management.
As a MIA recognized audit firm in Malaysia, KS Chia & Associates has established itself as an indispensable partner for businesses of all sizes. With our steadfast commitment to excellence and understanding of the local business landscape, we enable businesses to navigate the complex accounting and auditing environment effectively. Our role as a trusted audit and accounting firm in Kuala Lumpur ensures that our clients achieve sustainable growth, while adhering to regulatory compliance and industry best practices. Contact us today to discover how our tailored accounting services and solutions can enhance your business operations, with benefits such as compliance alerts, no hidden costs, and convenient document collection services.
Compliance Alerts
Our clients are reminded of all important deadlines, for example submission of income tax return, employer’s return form, SST return and statutory annual return.
No Hidden Cost
Our fee will always be agreed with you in advance. There is no hidden charge and what you see is what you get.
Document Collection Service
Our team can arrange door-to-door pick-up and return of accounting documents.
FREQUENTLY ASKED QUESTIONS
In Malaysia, certain companies are required by law to undergo an audit, as stipulated by the Companies Act 2016 and other relevant regulations. These include:
- Private companies (Sdn. Bhd.);
- Public companies (Berhad);
- Other entities i.e. certain statutory bodies, financial institutions, and non-profit organisations.
Yes. A company can be exempted from undergoing an audit in Malaysia if it falls under these 3 categories:
| Type of private company | Criteria |
|---|---|
| Dormant Companies | Companies must have either been dormant since the time of incorporation, or dormant during the immediate past and current financial year. |
| Zero-Revenue Companies |
Companies must fulfil the following requirements:
|
| Threshold-Qualified Companies |
Companies must fulfil the following requirements:
|
Based on SSM new released Practice Directive 10/2024 – Qualifying Criteria For Audit Exemption For Certain Private Companies In Malaysia FAQ, which introduces a new framework for audit exemption for certain categories of private companies in Malaysia.
The new criteria will be applicable to financial statements with annual periods commencing on or after 1 January 2025.
Private companies meeting at least two of the following revenue, assets, and employee thresholds are eligible to adopt the audit exemption framework:
The revenue, assets, and employee thresholds for audit exemption under the new framework are as follows:
| Year | 2025 | 2026 | 2027 |
|---|---|---|---|
| Phase | Phase 1 | Phase 2 | Phase 3 |
| Financial Period Commencing | On or after 1st January 2025 until 31 December 2025 | On or after 1st January 2026 until 31 December 2026 | On or after 1st January 2027 |
| Submission Year | Beginning from 1 January 2026 | Beginning from 1 January 2027 | Beginning from 1 January 2028 |
| Turnover (RM) | 1,000,000 | 2,000,000 | 3,000,000 |
| Assets (RM) | 1,000,000 | 2,000,000 | 3,000,000 |
| No. of employees | 10 | 20 | 30 |
At KS Chia & Associates, we are a trusted and professional audit firm in Malaysia, recognized for our expertise, reliability, and client-focused approach. Here’s why businesses across Malaysia choose us:
1. Registered and Trusted Audit Firm
We are a member firm of the Malaysian Institute of Accountants (MIA) and an approved auditor by the Ministry of Finance, ensuring compliance with Malaysia’s professional and legal standards.
2. Experienced and Qualified Audit Team
Our team consists of highly experienced accountants and certified auditors who uphold rigorous quality standards.
With extensive experience in diverse industries, we provide reliable audit and assurance services tailored to your business needs.
3. Commitment to Excellence and Compliance
We stay up-to-date with the latest auditing and accounting standards, legal requirements, and professional practices in Malaysia.
Our firm is committed to continuous improvement to deliver accurate, transparent, and professional audit reports.
4. Industry-Specific Expertise
We serve small and medium-sized businesses (SMEs) across various industries, including:
- Advertising & Marketing
- Engineering
- Chemical & Pharmaceutical
- Construction
- And many more industries
From start-ups to established businesses, we support companies at every stage of their development.
5. Client-Focused and Solution-Oriented
We believe in building strong relationships with our clients through teamwork, trust, and personalized solutions.
Our audit team works closely with you to identify challenges and provide customized, practical solutions for your business.
At KS Chia & Associates, we offer competitive and transparent pricing for our auditing services to meet the diverse needs of businesses in Malaysia.
We understand that every business is unique, and our goal is to provide you with cost-effective and value-driven audit solutions that align with your needs.
- Our audit fees start from RM1,000 for a dormant company.
-
For active businesses, the fees are customized based on the following factors:
- Scope of the audit
- Volume of transactions
- Business complexity
- Company size and industry
Request a Customized Quote
To get a precise quote for your company, contact us today for a free consultation. Our team will assess your requirements and provide a tailored proposal with clear pricing.
Hiring an external auditor provides significant value for SMEs in Malaysia, ensuring compliance, transparency, and growth opportunities. Below are the key benefits:
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Compliance with Regulatory Requirements
Under the Companies Act 2016 and tax laws in Malaysia, external audits are mandatory for most businesses.
Audited financial statements ensure proper compliance with the Inland Revenue Board (IRB), minimizing the risk of penalties for incorrect tax filings.
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Fraud Detection and Risk Management
External audits act as a deterrent against fraud and mismanagement, identifying weaknesses in internal controls.
While audits are not designed to detect fraud, they significantly reduce the risk of errors or fraudulent activities going undetected.
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Financial Accuracy and Discipline
Audits ensure that your financial records are accurate and reliable, helping you make better business decisions.
Proper preparation of accounts fosters financial discipline and reduces liabilities for company directors.
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Enhanced Credibility with Stakeholders
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Audited financial statements add credibility and transparency, building trust with:
- Investors
- Banks and lenders
- Customers and suppliers.
- Trust in your financial integrity can lead to easier access to financing and supplier credit.
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Audited financial statements add credibility and transparency, building trust with:
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Improved Decision-Making
Accurate and audited information helps managers, investors, and other stakeholders make informed decisions regarding budgeting, expansion, and investments.
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Access to Financing
Banks and financial institutions rely on audited financial statements to assess loan applications and determine creditworthiness.
Without an external audit, financing costs may increase due to perceived risk.
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Professional Advice and Insights
External auditors provide valuable advice on improving business processes and internal controls.
Their expertise ensures you have extra time to focus on revenue generation while maintaining peace of mind.
KS Chia & Associates
Business Hour
Monday to Friday : 8.30am - 5.30pm
Phone number:
+603 6258 3692
+6 011 2366 5233 / +6 012 771 6233