Audit and Assurance Services in Malaysia | TGS Firm Chartered Accountants
Audit and Assurance Services in Malaysia
Trusted Chartered Accountants for Compliance, Transparency, and Growth
As Malaysia strengthens its position as a regional hub for business and investment, the need for transparent and compliant financial reporting is becoming more critical than ever. Whether your organisation is a foreign-owned company expanding into Malaysia or a growing local SME, TGS Firm, a team of Chartered Accountants, provides audit and assurance services that meet regulatory standards while adding strategic value to your business decisions.
Comprehensive Audit and Assurance Solutions
TGS Firm offers a complete range of audit and assurance services that help you stay compliant and confident in your financial reporting.
1. Statutory Audit
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TGS Firm performs statutory audits in accordance with the Companies Act 2016, the Malaysian Approved Standards on Auditing (MASA), and the requirements set by the Malaysian Institute of Accountants (MIA). Through a balanced approach that combines technical accuracy with business understanding, the team ensures your financial statements are both compliant and insightful.
2. Group and Consolidation Audit
For companies with subsidiaries or overseas affiliates, TGS Firm provides group audit and consolidation services that follow MFRS, MPERS, and IFRS frameworks. This approach ensures consistent reporting across entities and jurisdictions, which is essential for cross-border operations.
3. Internal Audit and Risk Review
TGS Firm helps organisations strengthen governance, enhance internal controls, and manage business risks effectively. This proactive audit and risk review process builds a stronger foundation for growth and readiness for external audits.
4. Special Purpose Audit
The team at TGS Firm also conducts audits designed for specific objectives, including agreed-upon procedures, due diligence, and grant audits. Each engagement is carefully tailored to your business or funding requirements so that every report delivers meaningful value.
Regulatory Requirements and Filing Deadlines in Malaysia
Understanding Malaysia’s audit and tax submission timelines is crucial for maintaining compliance and avoiding penalties.
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Companies must complete and lodge their financial statements within these key timelines:
- The financial year end (FYE) is usually twelve months from the date of incorporation.
- The submission to SSM (Companies Commission of Malaysia) must be made within thirty days after the financial statements are approved.
- The tax filing to LHDN (Inland Revenue Board) must be completed within seven months after the financial year end.
Non-compliance may result in penalties or administrative delays. By engaging TGS Firm, your business can ensure timely submissions and full adherence to SSM, LHDN, and MIA requirements while maintaining a strong reputation with banks and regulators.
Why Do Companies Choose TGS Firm?
Clients trust TGS Firm because the firm combines professional expertise with practical insight.
- Experienced Chartered Accountants (CA Malaysia) who are licensed professionals with deep knowledge of both Malaysian and international reporting frameworks.
- Cross-border expertise that supports foreign investors, including those from Singapore, China, and Europe, in meeting Malaysia’s statutory audit requirements seamlessly.
- Industry-focused understanding that allows the team to navigate the complexities of manufacturing, trading, digital, and professional service sectors.
- Technology-enabled audits that utilise secure digital tools and data analytics to increase efficiency and accuracy.
- Value beyond compliance, where the firm provides management with insights to improve internal processes, strengthen governance, and enhance financial decision-making.
Stay Compliant while Compete
In Malaysia’s evolving regulatory environment, reliable financial reporting is more than a compliance task. It is a signal of credibility and good governance. Whether your company is seeking bank financing, investors, or expansion opportunities, partnering with TGS Firm ensures that your audit process is smooth, compliant, and strategically aligned with your business goals.
You are welcome to contact our audit team at info@au-partners.com to discuss with Steve Ooi, our audit partner in Malaysia on how we can support your company’s statutory and internal audit requirements. Together, we can help you stay compliant, credible, and ready for growth.
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