Audit & Assurance Services
SNCO conducts statutory audit engagements in strict accordance with International Standards on Auditing (ISA), providing independent assurance over financial statements across diverse Malaysian regulatory frameworks including Companies Act 2016, Cooperative Societies Act 1993, and Societies Act 1966. Our MIA-registered chartered accountants deliver comprehensive audit services for private and public limited companies, co-operative societies, strata management bodies (JMB/MC), registered societies, and non-profit organizations. We provide practical internal control observations, regulatory compliance assessments, and governance recommendations supporting sustainable business operations. From planning to reporting, we deliver professional audit services with clear communication, practical business insights, and adherence to professional standards ensuring stakeholder confidence and regulatory compliance.
Get Started
We conduct statutory audit engagements in strict accordance with International Standards on Auditing (ISA), providing assurance over financial statements across diverse regulatory frameworks in Malaysia.
Statutory Audit Services
- Statutory Audit (Companies Act 2016) - Audits of private and public limited companies addressing compliance with disclosure, governance, and financial reporting requirements under Malaysian law
- Statutory Audit (Cooperative Societies Act 1993) - Audits of co-operative societies examining financial statements, internal controls, and compliance with regulatory reporting obligations
- Statutory Audit (Strata Management Act 2013) - Audits of Joint Management Bodies (JMB) and Management Corporations (MC) for stratified developments including condominiums and commercial complexes
- Statutory Audit (Societies Act 1966) - Audits of registered societies, clubs, associations, and non-profit organisations meeting governance and accountability requirements
Regulatory & Compliance Audits
- Ministry & Government Compliance Audits - Compliance examinations mandated by government ministries and regulatory bodies assessing adherence to sector-specific regulations and grant conditions
- Grant & Charitable Organization Audits - Audits of grant-funded programmes and charitable organisations supporting proper utilisation of funds and compliance with donor requirements
Review Engagements & Agreed-Upon Procedures
- Financial Statement Reviews - Limited assurance engagements providing cost-effective verification of financial information through inquiry and analytical procedures
- Agreed-Upon Procedures - Customised procedures examining specific account balances, transactions, or compliance matters tailored to stakeholder requirements
Key Benefits
- ISA Compliance Assurance: Audits conducted in full accordance with International Standards on Auditing ensuring professional quality and stakeholder confidence
- MIA-Registered Professionals: All audits performed by qualified chartered accountants registered with Malaysian Institute of Accountants
- Regulatory Expertise: Deep knowledge of Companies Act 2016, Cooperative Societies Act, and sector-specific compliance requirements
- Practical Business Insights: Constructive recommendations on internal controls, operational efficiency, and governance improvements
- Clear Communication: Plain-language audit reports with management letters explaining findings and actionable recommendations
- Efficient Audit Process: Structured methodology minimizing business disruption while maintaining audit quality and thoroughness
- Multi-Sector Experience: Expertise across corporate, co-operative, non-profit, and strata management audit requirements
- Audit Readiness Support: Pre-audit preparation guidance ensuring smooth audit cycles and timely completion
Audit Process & Deliverables
- Comprehensive audit planning and risk assessment
- Detailed audit fieldwork with minimal business disruption
- Independent auditor's report under ISA requirements
- Management letter with internal control observations and recommendations
- Regulatory filing support and compliance documentation
- Ongoing audit advisory and annual audit coordination
Schedule Your Audit
Contact us for a consultation on statutory audit requirements. We provide audit planning, timeline estimates, and transparent fee quotations tailored to your organization's size and complexity.
Related Services: Accounting & Financial Reporting for audit-ready financial statement preparation and Corporate Restructuring for insolvency-related audit requirements.