statutory audits
We conduct independent statutory audits to ensure your financial statements comply with applicable laws and accounting standards. Our audits provide stakeholders with confidence in the accuracy and reliability of your financial reporting while meeting regulatory obligations.
Includes:
- Annual statutory audit services
- Compliance with Malaysian Financial Reporting Standards (MFRS/MPERS)
- Independent audit opinions
- Reporting to directors and shareholders
compliance checks
Our compliance reviews evaluate whether your organisation adheres to regulatory requirements, internal policies, and industry standards. We help identify gaps, reduce risks, and strengthen internal controls.
Includes:
- Regulatory compliance assessment
- Internal control review
- Risk identification and recommendations
- Governance and process evaluation
financial reporting
We provide assurance services to enhance the credibility and accuracy of financial reports used by management, investors, and regulators. Our approach improves transparency and supports better decision-making.
Includes:
- Financial statement reviews
- Reporting accuracy verification
- Assurance for stakeholders and investors
- Improvement recommendations for reporting processes
MPERS (Malaysian Private Entities Reporting Standard)
As the default framework for private entities, MPERS is designed to reduce the complexity of financial reporting while maintaining high quality. We provide expert guidance on the application of MPERS, ensuring that your financial statements are prepared with the "fair presentation" required by law. This is essential for SMEs that need to present credible accounts to financial institutions for credit facilities.
MFRS (Malaysian Financial Reporting Standards)
For larger entities, subsidiaries of foreign MNCs, or companies preparing for public listing, we provide rigorous MFRS compliance. This framework is virtually identical to the International Financial Reporting Standards (IFRS), ensuring your financial statements are globally understood and accepted.
MBRS Filing
We simplify the complex task of converting your financial data into the mandatory SSM digital format (XBRL). Our team handles the entire "tagging" and submission process, ensuring 100% accuracy between your audited accounts and the digital portal to eliminate the risk of errors or regulatory penalties.
Audit Exemption Assistance
If your SME qualifies for an audit exemption, you are still legally required to file professional financial statements. We provide Compilation Services to transform your data into compliant reports that bridge the "credibility gap" with banks and LHDN. We also monitor your growth thresholds annually, ensuring you stay compliant as your business scales while avoiding the unnecessary costs of a full audit.
Designed For Your Business Needs
Frequently Asked Questions
What are the current audit exemption criteria for private companies (Sdn Bhd) in Malaysia for 2026?
Under Phase 2 of the SSM Practice Directive No. 10/2024, effective for financial periods starting on or after 1 January 2026, a private company may qualify for audit exemption if it meets at least two of these criteria: Annual Revenue ≤ RM2,000,000, Total Assets ≤ RM2,000,000, and Full-time Employees ≤ 20. CWC & ENG PLT can help you assess your eligibility and handle the mandatory unaudited financial statement filings.
If my company is audit-exempt, do I still need to submit anything to SSM?
Yes. Audit exemption is not a "reporting exemption." You are still legally required under the Companies Act 2016 to prepare a full set of financial statements and lodge them via the MBRS (Malaysian Business Reporting System). We specialize in MBRS filing and compilation services to ensure your unaudited accounts fully comply with Malaysian Private Entity Reporting Standards (MPERS).
Why should I opt for a voluntary audit if my company meets the exemption thresholds?
Many SMEs choose a voluntary audit to build "Financial Trust." It is often required by banks for loan applications, requested by potential investors during due diligence, or needed to apply for government grants and tenders. An audit provides a "Verified" badge of credibility that unaudited accounts simply cannot match.
What is the difference between an Audit and an Assurance engagement?
While an audit provides a formal opinion on your financial statements for regulatory compliance, Assurance services are broader. Assurance can focus on specific areas of your business—such as internal control reviews, cybersecurity processes, or sustainability reporting—to give stakeholders confidence in the quality and integrity of your non-financial data.
What is the deadline for circulating and filing audited accounts in Malaysia?
For a private company, audited financial statements must be circulated to all shareholders within 6 months of your Financial Year End (FYE). Following circulation, you have 30 days to lodge the accounts with SSM. For example, if your FYE is 31 December, your filing deadline is usually late July.
As an MIA member firm, how does CWC & ENG PLT ensure the quality of its audit
As a firm of Chartered Accountants and MIA member firm, we adhere to the International Standards on Auditing (ISA). Our process involves a rigorous risk-based approach, ensuring that we don't just "check boxes" but identify operational inefficiencies and financial risks, providing you with a Management Letter that adds real value to your business growth.
Our Client Testimonials
We are very pleased with the audit services provided by CWC & ENG PLT. The team was responsive, professional, and addressed all our inquiries promptly. Their attention to detail and proactive approach made the process smooth and efficient. We look forward to working with you again in the future!
Olga Semenova
We switched to this auditing firm in 2021, and they have consistently provided excellent support ever since. Emails are always answered promptly, and they confirm receipt of all documents. Many companies in Malaysia struggle with these basic business practices, but with this firm, we can entrust our work with complete confidence. Their collaboration with tax advisors is also excellent. I would highly recommend them to companies, including those managed by Japanese executives.
Eddie
CWC has been doing our audits for a couple of years, and each year worked out well. And they are very responsive, responding tpo my emails right away.
TJB
Kuala Lumpur Office
38D, 3rd Floor, Jalan Radin Anum, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia
Petaling Jaya Office
D-1-32, Block D, 8 Avenue, Jalan Sungai Jernih 8/1, Section 8, 46050 Petaling Jaya, Selangor Darul Ehsan, Malaysia
Labuan Office
Office Suite 1605, Level 16 (A), Main Office Tower, Financial Park Complex Labuan, Jalan Merdeka, 87000 Labuan F.T, Malaysia