From financial years beginning 1 January 2025, a Malaysian private company can be exempt from a statutory audit in two ways: by being dormant, or by staying within at least two of three limits — revenue, total assets and employees — in the current year and each of the two years before it. Enter your details and we’ll test each year for you.
Is your company excluded?
These companies cannot claim audit exemption, whatever their size.
Your company and the year you’re assessing
The financial year you’re assessing sets which limits apply.
Was the company dormant?
A dormant company is exempt without needing the size test.
A company is dormant when it carries on no business and has no accounting transactions. Payments the company is legally required to make, and the costs of complying with them — such as SSM lodgement fees, company secretarial fees and tax agent fees — don’t count as transactions.
Figures for each year
Revenue for the year, total assets at year end, and full-time employees at year end — excluding directors, shareholders and unpaid family members.
This checker is a general guide to SSM Practice Directive 10/2024 and SSM’s published guidance on audit exemption, and is not professional advice. Where the guidance is not explicit, we test each year separately against the limits for the financial year being assessed. Exempt companies must still prepare financial statements and lodge them with SSM together with the audit exemption certificate. Talk to a licensed auditor before relying on an exemption. Sources: SSM PD 10/2024, SSM guidance on audit exemption.