An audit report is the formal opinion an approved company auditor issues after independently auditing a company's financial statements. Under Malaysia's Companies Act 2016, most private limited companies must have their accounts audited every year, as part of their annual compliance.
Is a company audit a statutory requirement?
Yes. Apart from small companies that meet specific exemption conditions, private limited companies in Malaysia are generally required to have a statutory audit every year, and to lodge the audited financial statements with SSM, separately from the annual return. Whether a company qualifies for an audit exemption is determined under SSM's latest guidance.
Who carries out the audit?
The audit must be carried out by an approved company auditor licensed by the Ministry of Finance (MoF). This is expressly required by law, and the auditor must be independent of the company so that the opinion is objective and impartial.
How does GXY help with the audit?
We help businesses get audit-ready, so the process runs more smoothly:
- Preparing the accounts, supporting documents and financial statements so they are ready for audit
- Liaising with the approved company auditors we work with, and coordinating the audit timetable and the exchange of information
- Once the audit is complete, working with your company secretary to lodge the report with SSM and keep it on record
From preparing the accounts and liaising with the auditor to lodging the report, we coordinate the steps around the audit so this statutory obligation is easier to meet.
This content is for general reference only and does not constitute legal or tax advice. For your own situation, please book a consultation so that GXY's advisory team can advise on your actual circumstances. Last updated: 17 September 2026.
