Audit or exemption?
Which side of SSM's audit-exemption criteria you fall on decides both the cost and the timeline.
Audited vs exempt
| Criteria | Statutory audit | Audit-exempt |
|---|---|---|
| Who qualifies | Companies outside the exemption criteria | Companies within SSM's revenue, asset and employee criteria |
| What is lodged | Audited financial statements | Unaudited financial statements |
| Who signs | A licensed auditor | The directors |
| Cost | From RM 1,899 a year with OCTIS | No audit fee |
Questions
Who decides whether we are exempt?
The criteria are SSM's and are assessed for each financial year. We check your figures against them before quoting.
Can an exempt company still choose an audit?
Yes — lenders, investors or shareholders sometimes ask for one.