30/07/2026
Does your Sdn Bhd REALLY need a Company Audit in Malaysia? 🚨
Many business owners believe that if their company is small or not making a profit, they can simply skip the annual audit.
This is a dangerous misconception! Under the Companies Act 2016, failure to lodge audited financial statements within the deadline can result in heavy fines from SSM—and personal liability for directors. ⚖️
However, did you know that SSM actually allows Audit Exemption for qualified SMEs? Knowing the rules can save your company significant operational costs legally!
💡 Key takeaways you must know about Company Audit in Malaysia:
1️⃣ More than just "checking accounts": An auditor verifies your financial statements (True & Fair View), assesses risk controls, and builds creditability with banks and investors.
2️⃣ Audit Exemption Criteria (Must meet at least 2):
🔹 Annual Revenue ≤ RM 3 Million
🔹 Total Assets ≤ RM 3 Million
🔹 Full-time Employees ≤ 30
3️⃣ The 6-Month Golden Deadline: Submitting late after your Financial Year End (FYE) triggers automatic penalties. Don't leave it to the last minute!
👉 Unsure if your Sdn Bhd qualifies for Audit Exemption?
👉 Looking for an MIA-approved independent auditor to handle your company books?
Conzlab provides end-to-end company secretarial, tax compliance, and audit coordination services to keep your business 100% compliant and penalty-free!
📩 Send us a direct message today for a 1-on-1 Compliance Consultation!
🌐 Visit our website: www.conzlab.com