What does a late audit actually cost?
Late lodgement, a rushed auditor, and a tax return filed on guesses.
The audit starts when the books are finished — and they rarely are
Six months after year end arrives faster than the ledger closes.
- Auditor fieldwork waiting on missing records
- Late lodgement exposure with SSM
- Form C prepared before the audited figures exist
The audit deadline is not the accounting deadline
The books must be closed well before the audit is due.
An audit takes time, so the real deadline for the books is the statutory date minus the audit itself and the query round-trips.
Treat the lodgement date as the target and the books will always be late.
Plan backwards from the lodgement date
Close, audit, circulate, lodge — each with its own date.
- Books closed on a date derived from the year end
- Auditor working from reconciled schedules
- Audited figures handed straight to the tax computation
Built for Sdn Bhd companies that need an audit
A fit if
- Your company does not qualify for audit exemption
- You want a fixed fee known before year end
- You would rather the auditor worked from books you already keep on OCTIS
Not a fit if
- Your company qualifies for audit exemption — you need unaudited statements instead
Before and after, in outcomes
Same company, different position at the lodgement date.
Before
After
Auditor waits on missing records
Auditor starts from reconciled schedules
Lodgement scramble in the sixth month
Books closed on a date planned months ahead
Tax return drafted before the audit
Tax computation built on audited figures
Questions
Why start before the year end?
Because the audit window is fixed by the statutory date, not by when the books happen to be finished.
Can I appoint my own auditor?
Yes. Your company appoints its auditor; we prepare the books and schedules for whichever firm it is.