Audit & Assurance
Every Malaysian company must have its financial statements audited each year under the Companies Act 2016, unless it qualifies for an audit exemption. Our audits are planned and led by a partner or director, focus on the areas of real risk in your business, and finish with a clear report on what we found and what to improve.
We audit subsidiaries of multinationals, government-linked companies, SMEs, and family-owned groups. Where a full audit is not what you need, we offer reviews and specialist assurance work instead.
A practical guide for business owners
Is this the right support for your business?
This service may be relevant when
- Your company needs its annual statutory audit, or wants to change auditor.
- A lender, investor, or parent company has asked for a review or agreed-upon procedures.
- You suspect fraud, or want an independent check on your controls.
- You are preparing for an IPO and need a reporting accountant.
The engagement can cover
- Statutory audits and review engagements
- Financial reporting and reporting accountant work
- Forensic accounting and agreed-upon procedures
- Accounting framework conversion and internal control reviews
The right scope depends on your business and what you need it for. Talk to us and we will recommend an approach before any work begins.
Audit
Our audit and assurance services include:
Statutory Audits
- Annual audits under the Companies Act 2016, to MFRS, MPERS or IFRS as applicable.
- An independent opinion that shareholders, lenders, and regulators can rely on.
- A management letter highlighting control weaknesses and practical improvements.
Review Engagements
- Limited assurance on your financial statements, at a lower cost than a full audit.
- Useful when a lender, investor, or parent company needs independent comfort rather than an audit opinion.
Internal Control Reviews
- An assessment of how well your accounting processes and controls work in practice.
- Clear findings on weaknesses, ranked by risk.
- Practical recommendations your team can put in place.
Accounting Framework Conversion
- Support moving between frameworks, such as from MPERS to MFRS ahead of a listing.
- Restated comparatives and disclosures, with minimal disruption to your reporting.
Financial Reporting
- Preparation and review of financial statements that meet the applicable standards.
- Advice on complex accounting treatments and disclosure requirements.
Forensic Accounting
- Investigation of suspected fraud, misappropriation, and financial irregularities.
- Expert financial analysis to support litigation and dispute resolution.
- Recommendations to close the control gaps that allowed the issue to happen.
Reporting Accountant Services
- Accountants' reports for IPO prospectuses, acquisitions, and corporate restructurings.
- Review of the financial information included in regulatory submissions.
Agreed-Upon Procedures (AUP)
- Specific procedures you define, such as verifying revenue, expenses, or compliance with a contract.
- Factual findings reported without an audit opinion, keeping the work focused and cost-effective.
Industry Expertise
Trading, Retail & Distribution
Manufacturing & Construction
Healthcare & Hospitality
Logistic & Transportation
Technology, Media & Communication
Family Business
Not sure whether you need an audit, a review, or agreed-upon procedures? Tell us who is asking for it and why, and we will recommend the right engagement.
