We check if you need an audit before you pay for one
Many small companies qualify for audit exemption under SSM's criteria on revenue, total assets and employees. If yours does, we say so and you lodge unaudited statements instead.
OCTIS • Audit
Audited on time, from books that were ready
We first tell you whether your company needs an audit at all. If it does, the auditor starts from reconciled schedules, not a box of receipts.
- Exemption checked first. If you qualify, we tell you before you pay for an audit.
- Your accounts kept on OCTIS become the auditor's schedules, so there is less to chase and less to rekey
- Audited figures flow straight into your tax computation. Nothing is rekeyed.
Why OCTIS
The audit follows the books
When the accounting is ours, year-end schedules are prepared from the ledger in the auditor's format. The auditor starts from reconciled schedules.
Planned backwards from the lodgement date
Your financial year end sets the window. We work backwards from it so the books close in time for fieldwork and the auditor's questions.
Straight into the tax return
Audited figures flow into the Form C computation without being rekeyed, so the tax return is not drafted before the audit exists.
An independent audit, done by a licensed firm
An audit is an independent examination by a licensed auditor who did not prepare your accounts. It is never done by the team that kept your books. You can also keep your own auditor, and we prepare the schedules for whichever firm it is.
Made for companies that need an audit
Companies that have outgrown the exemption
Higher turnover or a bigger team can take a company outside the exemption criteria. We check your figures against them each financial year.
A lender, investor or shareholder asks for one
An exempt company can still choose an audit when someone reading your accounts wants an auditor's opinion on them.
Directors who want to know early
Your revenue, total assets and headcount come out of your own accounts. When the books are current, you know your audit position well before year end.
HOW IT WORKS
From the exemption check to a lodged audit
01
Check the obligation
We confirm whether the company is audit-exempt for the year in question, against your revenue, total assets and employees.
02
Close the books
Year-end schedules are prepared from the ledger in the auditor's format, with the books closed on a date planned months ahead.
03
Audit and queries
The audit firm reviews your accounts. Its queries are answered from your records.
04
Sign, circulate, lodge
Audited statements are ready for your members and for SSM, on the statutory clock.
Not sure whether you need an audit?
Send us your current audit bill, or your figures if you have never been audited. We tell you where you stand and quote up to 30% below your bill, until 31 Dec 2026.
Books first, then the audit, then tax
Your accounting, secretary and tax are priced from your current bill too, up to 30% lower, until 31 Dec 2026.
AUDIT OR EXEMPTION
Which side of the line your company is on
1Not every Sdn Bhd needs an audit
A company within SSM's exemption criteria lodges unaudited financial statements signed by its directors. Everyone else needs a statutory audit every financial year.
2Three facts decide it
Your revenue for the year, total assets at year end and number of employees, assessed for each financial year. We check them before we quote.
3The audit is separate from accounting and tax
Accounting and tax filing are separate services, and the audit assumes the accounts are complete. The audit fee does not cover them.
4The statutory clock
A private company circulates its financial statements to members within six months of its financial year end, and lodges them with SSM within 30 days of circulation.
5Exempt does not mean unchecked
Exemption removes the audit, not the duty to keep proper records, prepare financial statements and lodge them. Banks, investors, buyers and LHDN still read the same statements.
FAQ
Does every Sdn Bhd in Malaysia need an audit?
No. Companies that meet SSM's audit-exemption criteria, based on revenue, total assets and number of employees, lodge unaudited financial statements instead. Everyone else needs a statutory audit every financial year.
How much does an audit cost for a small Sdn Bhd?
Send us your current audit bill and we price from it, up to 30% less, until 31 Dec 2026. Larger companies, groups and incomplete records are quoted from the trial balance. Fees exclude disbursements, SSM lodgement fees and indirect tax.
When must audited accounts be ready?
A private company circulates its financial statements to members within six months of its financial year end, and lodges them with SSM within 30 days of circulation. Your books have to close well before that, with room left for the auditor's fieldwork and queries.
Does the audit fee include accounting or tax?
No. Accounting and tax filing are separate services, and the audit assumes the accounts are complete. If your books are behind, catch-up accounting is quoted separately.
Can I appoint my own auditor?
Yes. Your company appoints its auditor. We prepare the books and schedules for whichever firm it is.
Can an exempt company still choose an audit?
Yes. Lenders, investors or shareholders sometimes ask for one.
What if my company needed an audit and did not get one?
The filing is not valid, and the position compounds each year it goes unaddressed because a later year's figures rest on an unaudited opening balance. It can be rectified, and the scope depends on how many years are involved and how complete the records are. It is cheaper every year it is done earlier.