Frequently Asked Question (FAQ)

While statutory audits are mandatory for most Malaysian companies under the Companies Act 2016, there are instances where businesses may not be legally required to conduct an audit, particularly small...

Small businesses, while often agile and innovative, frequently encounter unique challenges when it comes to financial audits. These challenges are usually due to limited resources, less formal process...

The audit process for Sdn Bhd (Sendirian Berhad) companies in Malaysia is guided by the Companies Act 2016 and Malaysian accounting standards. A statutory audit is a legal requirement for all non-exem...

Small and medium-sized enterprises (SMEs) in Malaysia are crucial to the nation’s economy. While they may not always have the same resources as larger corporations, SMEs are still subject to the same ...

In Malaysia, most companies are required to have their financial statements audited annually. This requirement stems from the Companies Act 2016, which mandates that every company must prepare audited...

Internal and external audits are both essential tools in the realm of financial oversight and risk management, but they serve different purposes and are conducted in distinct ways. Understanding the d...

In Malaysia, businesses may undergo several types of audits depending on their legal obligations, operational needs and strategic goals. Understanding the different types of audits can help companies ...

A statutory audit is a legally mandated review of the accuracy of a company’s financial statements and records. In Malaysia, statutory audits are primarily governed by the Companies Act 2016, which re...

Undergoing an audit can seem daunting, especially for first-time business owners or startups. However, knowing what to expect during an audit conducted by a licensed auditor in Malaysia can help demys...

An audit is a systemic examination of a company’s financial records, accounts, business, transactions, and supporting documents. Conducted by an independent and licensed auditor, the goal of an audit ...