Audit and Assurance
Special Audit
A special audit is a limited-scope examination of financial records and other information designed to investigate allegations of fraud, theft or misappropriation of funds and so on.
Statutory Audit
An independent assessment of the financial statements of a company or institution to provide an independent opinion to the shareholders if the financial statements are true and fair and drawn up in accordance to the applicable standards and regulations.
Forensic Audit
Forensic audit is an examination and evaluation of a firm's or individual's financial records to derive evidence that can be used in a court of law or legal proceeding.
Due Dilligence
Our Due Diligence team performs financial and tax due diligence as well as business analysis for organizations that are contemplating investments, strategic partnerships, mergers, and acquisitions or that are looking to enhance organizational effectiveness in an existing business unit or portfolio company.
Grandhill works closely through our affiliate, SFAI MALAYSIA (AF002216) who is part of a global network and ranks top 20 globally among other Accounting Firms. SFAI MALAYSIA offers comprehensive professional services in audit, assurance, corporate advisory, and more. They provide high-quality audits, innovating to provide confidence, value and transparency, and offering exceptional client service through multidisciplinary teams and understand how important audited financial statements are to various stakeholders.
Frequently Asked Questions
In Malaysia, Private Limited Company and Public Listed Company are required to submit audit report annually.
Private Limited Company may exempt for preparation and submission of audit report according to subsection 267(2) of the Company Act 2016. This is only applicable if the Company is a Dormant Company, Zero-Revenue Company or Threshold-Qualified Company.
Although your business may be exempted from the submission of audit report, financial accounts should still be prepared at least once in a year for income tax filing and submission purposes.
Preparing your financial accounts also help you understand your business performance regularly and you are able to better strategise to grow your business.
For Sole Proprietor/Enterprise Business and Partnership, you shall file your taxes latest by by 30 June every year.
For Limited Liability Partnership and Private Limited Company (Sdn Bhd), you shall file your taxes within 7 months after the end of a financial year.
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