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Statutory Audit, Special Audit & Compliance Advisory

Audit Services in Malaysia – Award-Winning Audit Firm

Your Trusted Partner for Accuracy, Compliance & Business Confidence

At GL Chong & Co, we deliver more than just statutory audits — we deliver credibility, clarity, and confidence to business owners, investors, and stakeholders.

Recognised as an award-winning firm, we are the go-to choice for SMEs, foreign-owned companies, and growing businesses seeking precise financial reporting and valuable insights that go beyond compliance.

Our Audit Services Scope

We deliver a wide range of audit solutions tailored to your business type, industry, and compliance needs:

1

Statutory Audits

For Sdn. Bhd. companies under the Companies Act 2016.
2

Special Purpose Audits

For grant claims, due diligence, mergers & acquisitions, and regulatory reporting.
3

Review Engagements

Limited assurance services for stakeholders needing independent validation.
4

Agreed-Upon Procedures

Targeted checks on specific financial areas.
5

Internal Audit Support

For companies strengthening governance and internal controls.
6

Group Consolidation Audits

For companies with subsidiaries in Malaysia or overseas.
Audit Exemption Threshold – 2025 Update

The Malaysian government is set to increase the audit exemption threshold by 300%

This means more small companies will no longer be legally required to have their accounts audited if they meet certain criteria such as:

  • Revenue not exceeding the new threshold.
  • Total assets not exceeding the threshold.
  • Fewer than a specified number of employees.
Why it matters:

Even if your company qualifies for audit exemption, there are strong reasons to continue with an annual audit.

Benefits of Getting Your Accounts Audited (Even if Exempted)

Stronger Financial Credibility

Audited accounts increase trust with investors, banks, suppliers, and potential partners.

Easier Access to Financing

Banks and investors prefer audited reports to make faster lending and investment decisions.

Better Internal Controls

Audits uncover weaknesses in systems, preventing fraud and financial errors.

Smoother Business Transactions

Audited financials speed up due diligence for mergers, acquisitions, or shareholder buyouts.

Compliance Peace of Mind

Staying audit-ready ensures you’re always compliant with changing regulations.

Higher Business Valuation

Potential buyers value businesses with a consistent track record of audited accounts.

Who We Serve

We have audited businesses across diverse industries, including:

Manufacturing
(including export markets)

Retail & E-commerce

Professional Services

Property Development & Construction

Healthcare & Dental Clinics

Cross-Border & Foreign-Owned Companies

1

Understanding Your Business

We review your industry, risks, and financial operations.
2

Planning the Audit

Setting scope and timelines for efficiency.
3

Fieldwork & Testing

Gathering evidence and performing compliance checks.
4

Reporting

Delivering a clear, actionable audit report.
5

Post-Audit Insights

Providing recommendations to improve efficiency and compliance.

Why Choose GL Chong & Co

Award-Winning Recognition

Honoured for excellence in accounting and audit services.

Licensed & Regulated

Registered with the Malaysian Institute of Accountants (MIA)

Multi-Disciplinary Team

Audit, tax, secretarial, and CFO advisory under one roof.

Industry-Specific Expertise

Tailored approaches for manufacturing, retail, healthcare, property, and cross-border businesses.

Trusted by International Clients

Experience in auditing foreign-owned companies expanding into Malaysia.

Frequently asked questions

If my company is exempted, do I still need to submit audited financial statements to SSM?

No, but you must still prepare proper management accounts and meet tax filing obligations.

How much does an audit cost in Malaysia?

Fees depend on company size, complexity, and industry. Contact us for a tailored quote.

Can I import data?

Yes! Getting your existing data in is easy. Simply export your existing customers to a .csv file and import them within a couple of clicks.

Get a Free Audit Readiness Check

Not sure if you’ll still need an audit after the threshold change?
We offer a free audit exemption assessment to determine your status and advise on the best approach for compliance and growth.