Compilation of Financial Statements
We assist with:
- Preparation of financial statements
- Compilation based on management records
- Financial report formatting and review
- Support for annual statutory reporting
Our Services
MBRS Preparation & Submission
We help with:
- MBRS financial statement preparation
- XBRL data conversion and tagging
- Submission to SSM via MBRS portal
- Review of submission requirements
Compliance Support
Our services include:
- Reporting compliance review
- Assistance with statutory deadlines
- Financial documentation support
- Guidance on reporting requirements
Who Needs Compilation & MBRS Services?
SMEs & Private Companies
Small and Medium Enterprises (SMEs) and privately owned companies often require professional assistance to prepare their annual financial statements in line with Malaysian Financial Reporting Standards (MFRS/MPERS). These businesses may not always have in-house accounting teams or the technical expertise to handle complex reporting requirements.
Compilation and MBRS (Malaysian Business Reporting System) services help ensure that their financial statements are accurately prepared, properly structured, and submitted to the Companies Commission of Malaysia (SSM) on time. This reduces the risk of non-compliance, penalties, and reporting errors while allowing business owners to focus on daily operations and growth.
Companies with Statutory Reporting Obligations
All registered companies in Malaysia are legally required to comply with statutory financial reporting requirements. This includes preparing annual financial statements and submitting them through the MBRS platform in XBRL format as required by SSM.
Organizations in this category rely on compilation and MBRS services to ensure their reports meet regulatory standards, formatting requirements, and submission deadlines. Professional support helps avoid rejections or delays due to incorrect tagging, incomplete disclosures, or formatting issues. It also ensures that the company remains compliant with the Companies Act 2016.
Growing Businesses
As businesses expand, their financial transactions become more complex, involving multiple revenue streams, expenses, assets, and possibly new subsidiaries or funding structures. At this stage, accurate and well-organized financial reporting becomes critical for decision-making and strategic planning.
Compilation services help growing businesses maintain clean, structured financial records, while MBRS submission ensures that their reporting remains compliant as they scale. With proper financial reporting in place, business owners can better monitor performance, attract investors or financing, and make informed decisions for sustainable growth.
Who Needs Compilation & MBRS Services?
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 Qualification and Recognition
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