What type of companies in Malaysia need to undergo audits?

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.

Can a company be exempted from undergoing an audit in Malaysia?

Yes. A company can be exempted from undergoing an audit in Malaysia if it falls under these 3 categories: Dormant Companies, Zero-Revenue Companies, and Threshold-Qualified Companies. Based on SSM Practice Directive 10/2024, a new framework applies to financial statements commencing on or after 1 January 2025 where private companies meeting at least two of the specified revenue, assets, and employee thresholds are eligible to adopt the audit exemption framework.

Why should you choose KS Chia & Associates as your audit firm in KL, Malaysia?

At KS Chia & Associates, we are a trusted and professional audit firm in Malaysia. Businesses choose us because we are a registered MIA member firm and approved auditor, have an experienced team, are committed to compliance, possess industry-specific expertise for SMEs, and provide client-focused, customized solutions.

How much do your auditing services cost?

Our audit fees start from RM1,000 for a dormant company. For active businesses, the fees are customized based on the scope of the audit, volume of transactions, business complexity, and company size and industry. Contact us for a precise quote.

What are the benefits of hiring an external auditor in Malaysia?

Hiring an external auditor ensures compliance with regulatory requirements, aids in fraud detection and risk management, maintains financial accuracy and discipline, enhances credibility with stakeholders, improves decision-making, facilitates access to financing, and provides professional insights.

MyTax Tag

12 Jan e-Lanjutan Masa 2026: LHDN’s Tax Filing Extension System Explained

Posted at 10:10h in Blog, Tax Updates

Companies can apply for e-Lanjutan Masa on MyTax 14–30 days before the Form C deadline. Route A if SSM has already granted an EOT; Route B if there are no tax arrears. An SSM extension is not the only way to qualify....

29 Sep MITRS 2025: Section 82B Document Submission Deadline & Penalties

Posted at 13:46h in Blog, Tax Updates

From YA 2025, companies and LLPs must submit supporting tax documents through MITRS within 30 days of their Form C filing deadline — under Section 82B of the Income Tax Act 1967. Two details commonly get mixed up: the penalty provision, and the file size...

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