The Companies Commission of Malaysia has introduced new audit exemption criteria for private companies.
These criteria were made effective from 1 January 2025. Practice Directive No. 10/2024 outlines updated thresholds that could reduce your company’s audit obligations.
What can you expect from these changes?
New thresholds for revenue, assets, and employees that could qualify your business for exemption.
Phased implementation over the next three years, with increasing limits for each criterion.
Simplified compliance requirements for eligible companies, including the option to submit unaudited financial statements.
Opportunities for cost savings by reducing the need for a formal audit.
Is your company eligible? Read our report for the full details.
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