FAQs

Most Malaysian companies appoint an approved auditor under Section 271 and prepare audited financial statements under Sections 248–266 unless eligible for an audit exemption. We can assist in determining eligibility and preparing for audit in line with MASA/ISA.

For many SMEs, audits take 2–6 weeks depending on record quality, complexity and responsiveness. A clear PBC list, timely schedules and reconciliations help shorten timelines. We support planning, pre‑close checks and coordination to streamline the process.

Fees reflect company size, complexity, risk, record quality, multi‑location requirements and reporting deadlines. We provide scope‑based quotations after understanding your circumstances and applicable reporting obligations.

Typically audited financial statements (or management accounts), tax computations and schedules, trial balance, bank interest certificates, fixed asset registers, and supporting source documents. We help prepare computations, provisions (MFRS 112) and manage the filing calendar with LHDN.

If you have controlled transactions, Section 140A and the Malaysian Transfer Pricing Guidelines generally expect contemporaneous documentation. Materiality thresholds apply. We can assist with functional analysis, method selection and benchmarking aligned to LHDN expectations.

Under the Companies Act 2016 and MFRS 10, a parent that controls one or more subsidiaries generally prepares consolidated financial statements unless a specific exemption applies. We can assist in assessing control, preparing group consolidations, and documenting judgements for audit and filing.

Most SMEs are affected by MFRS 15 (revenue), MFRS 16 (leases), and MFRS 9 (financial instruments). We help navigate contract reviews, lease capitalisation, and expected credit loss models, aligning policies and disclosures for Malaysian filings and audit.

Valuations commonly arise for business combinations (MFRS 3), fair value measurement (MFRS 13), impairment testing, share-based payments, and transaction support. We can assist with DCF, market and asset‑based approaches and document assumptions for audit.

QoE analyses normalised earnings by adjusting non‑recurring items, working capital, accounting policies and revenue recognition. We can assist buyers or sellers with QoE to inform valuation and deal terms alongside tax and financial due diligence.

Members’ voluntary winding up applies to solvent companies, while creditors’ voluntary winding up applies to insolvent entities. Procedures, declarations of solvency and creditor involvement differ. We can help assess solvency, prepare documents and manage statutory steps.

Judicial management offers a court‑supervised moratorium for viable companies facing temporary difficulties; schemes of arrangement restructure liabilities via creditor approval and court sanction. Suitability depends on viability, stakeholder alignment and timelines. We can help evaluate options.

Selection depends on transaction volume, reporting needs, integration, and budget. Common options include cloud systems and ERP such as Dynamics 365 Business Central. We help evaluate requirements, run demos and plan implementation aligned to PDPA and reporting.

Typical SME implementations range from 8–16 weeks depending on scope, data migration, integrations and training. A phased plan with clear roles and change management helps. We support planning, configuration, migration and user enablement.