Under the Companies Act 2016 in Malaysia, statutory audits are mandatory for most companies. Companies must circulate their audited financial statements to shareholders within six months after the end of the financial year and file the financial statements with the Companies Commission of Malaysia (“SSM”) within thirty days of circulation. 

In addition to the statutory requirements under the Companies Act 2016, public listed companies on Bursa Malaysia are subject to additional reporting obligations. Specifically, they must submit their audited financial statements to Bursa Malaysia no later than four months after the end of their financial year. 

Under the guidelines issued by the SSM, certain private companies including dormant entities, those with no revenue, or those meeting specific thresholds relating to annual revenue, total assets, or number of employees may qualify for audit exemption. Nevertheless, these companies may still elect to undergo a statutory audit for purposes such as facilitating access to financing, enhancing the reliability of tax submissions, or aligning with anticipated regulatory obligations arising from future expansion. 

ECOVIS Malaysia is well-positioned to assist clients with their audit compliance needs. Backed by a team of highly experienced professionals and skilled partners, we bring the resources, technical expertise, and in-depth industry knowledge required to conduct audits across a wide range of sectors. Our commitment to quality, transparency, and timely delivery ensures that our clients meet statutory requirements while gaining valuable insights to support sound financial management and strategic decision-making.