Malaysia Call：+603-2141 8908
The Companies Act of Malaysia requires every private limited
company in any parts of Malaysia to appoint an approved company auditor or
audit firm to audit its accounts and report to the members of the company
annually.
For any business that is registered as a sole proprietor
or partnership carrying out business in Malaysia is not required by law to have
its financial statements audited annually.
To be an approved company auditor in Malaysia, the
applicant is required to be a member of Malaysian Institute of Accountants
(MIA) and must be approved by the Ministry of Finance to practice as auditors
in Malaysia. The audit license can be obtained with recognized academic or
professional qualification and relevant professional practical experience. The
Ministry will grant an audit license for approved auditors in Malaysia for a
period of two (2) years and the audit license is renewable.
Malaysia Company Audit must be performed to obtain
reasonable assurance whether the financial statement of the company is free
from material misstatement. An audit involves performing procedures to obtain
audit evidence about the amounts and disclosures in the financial statements.
An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting estimates made by
the directors, as well as evaluating the overall presentation of the financial
statements. An audit of financial information enhances the credibility and
reliability of financial information and statements. Reliable information is
necessary for users of the financial information such as investors, creditors
and financial institutions.
The audited financial statements are those accounts which have already been
audited by the company auditors. The auditors will at the auditors’ report
express an opinion whether the financial statements are prepared, in all
material respects, in accordance with Private Entity Reporting Standards and
the Companies Act 1965 in Malaysia so as to give a true and fair view of the
financial position of the Company.
Contact Us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours China hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP: http://www.tannet-group.net , http://en.tannet.com.my