Tannet (Malaysia) Sdn Bhd

Tel:+603-2141 8908

QQ : 2355725186 or 2355725187

Address: Unit 6.06. Level 6, Amoda 22, Jalan Imbi, 55100 Kuala Lumpur


Malaysia Company Audit

Update Date:2015-9-18 11:32:37 Source:Tannet (Malaysia) Sdn Bhd Views:887

Malaysia Call:+603-2141 8908

The Companies Act of Malaysia requires every private limited company in any parts of Malaysia to appoint an approved company auditor or audit firm to audit its accounts and report to the members of the company annually.

Malaysia Company Audit

For any business that is registered as a sole proprietor or partnership carrying out business in Malaysia is not required by law to have its financial statements audited annually.

To be an approved company auditor in Malaysia, the applicant is required to be a member of Malaysian Institute of Accountants (MIA) and must be approved by the Ministry of Finance to practice as auditors in Malaysia. The audit license can be obtained with recognized academic or professional qualification and relevant professional practical experience. The Ministry will grant an audit license for approved auditors in Malaysia for a period of two (2) years and the audit license is renewable.

Malaysia Company Audit must be performed to obtain reasonable assurance whether the financial statement of the company is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.

An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial statements. An audit of financial information enhances the credibility and reliability of financial information and statements. Reliable information is necessary for users of the financial information such as investors, creditors and financial institutions.

The audited financial statements are those accounts which have already been audited by the company auditors. The auditors will at the auditors’ report express an opinion whether the financial statements are prepared, in all material respects, in accordance with Private Entity Reporting Standards and the Companies Act 1965 in Malaysia so as to give a true and fair view of the financial position of the Company.

Contact Us

If you have further queries, please contact Tannet

24 hours Malaysia hotline:603-21418908;

24 hours Hong Kong hotline:852-27837818;

24 hours China hotline:86-755- 36990589;



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