Statutory Audit Services for SME Malaysia
Every Sdn Bhd needs its financial statements in order, and most need them audited each year. As an approved audit firm, our statutory audit services for SME Malaysia businesses are independent, efficient and shaped around the size of your company, with clear fees agreed upfront.
The basics
Does my company need a statutory audit?
Under the Companies Act 2016, a Malaysian company must prepare financial statements every year, and most private companies must have them audited by an approved auditor before they're circulated to shareholders and lodged with SSM.
Some small private companies can now qualify for an audit exemption. Even then, many still choose an audit because their bank, investors or a grant requires it.
- Most Sdn Bhd companiesNeed audited financial statements every year
- Companies with bank facilitiesLenders often ask for audited accounts, even if you're exempt
- Growing companiesInvestors, tenders and grants usually need audited accounts
Audit exemption
Can my company skip the audit?
SSM has widened the audit exemption for private companies in stages. A company qualifies if it meets any two of the three limits below, for the current year and the two years before.
Audit exemption limits for private companies
| Financial years starting | Revenue up to | Total assets up to | Employees up to |
|---|---|---|---|
| From 1 January 2025 | RM1 million | RM1 million | 10 |
| From 1 January 2026 | RM2 million | RM2 million | 20 |
| From 1 January 2027 | RM3 million | RM3 million | 30 |
Dormant companies and some companies with no revenue may also qualify. The exemption doesn't apply to foreign companies, subsidiaries of public companies or exempt private companies. Based on SSM's Practice Directive; we'll confirm whether your company qualifies.
Exempt companies still need to prepare financial statements and lodge them with SSM. If you're close to the limits, or your bank, investors or grant providers expect audited accounts, talk to us before deciding.
What's included
What our statutory audit services for SME Malaysia include
We tailor the audit to the size and nature of your business and its internal controls, and give you accurate, unbiased information for important decisions.
Statutory audit
An independent audit of your financial statements, as required by the Companies Act 2016.
Audit report
A signed auditor's report to accompany your financial statements.
Practical recommendations
Findings on your internal controls and records, explained in plain language.
Due diligence audit
Usually done before buying or investing in an existing business.
Special audits
Other audits your business needs, such as for a bank, grant or contract.
Lodgement support
Our company secretarial team circulates and lodges your accounts with SSM.
Audit process
How your annual audit runs
Starting soon after your financial year-end leaves enough time to meet the six-month deadline.
Planning
We agree the scope, timeline and fee, and send you a document list.
After year-endFieldwork
We review your records, test transactions and check your controls.
We handle thisFindings
We discuss any adjustments and recommendations with you.
We guide youAudit report
Financial statements finalised and the auditor's report signed.
We handle thisCirculate and lodge
Accounts sent to shareholders and lodged with SSM on time.
Within 6 months + 30 days
Documents
What to prepare for your audit
Having these ready makes the audit faster. If your books aren't up to date, our accounting team can help first.
Financial records
- General ledger and trial balance
- Bank statements and reconciliations
- Sales and purchase invoices
- Fixed asset register
- Payroll records
- Loan and hire purchase statements
Company documents
- SSM company information
- Board and shareholder minutes
- Key contracts and tenancy agreements
- Previous year's audited financial statements
- Tax computations and correspondence
FAQ
Statutory audit: frequently asked questions
Is a statutory audit compulsory for an Sdn Bhd?
How do I know if my company is exempt from audit?
How much do statutory audit services for SME Malaysia cost?
What are the deadlines for audited accounts?
What if my accounts are not up to date?
What's the difference between accounting and auditing?
Year-end coming up?
Send us your financial year-end and we'll quote for statutory audit services for SME Malaysia companies, with a plan to meet your deadlines.
Information on this page is a general guide as of October 2026, based on the Companies Act 2016 and SSM's audit exemption Practice Directive. Requirements may change. Contact us to confirm what applies to your company.