Changes in audit industry

THE Companies Commission of Malaysia (CCM) has issued a consultative document proposing that the threshold for companies to be exempted from a mandatory audit be increased from the current threshold of RM100,000 for revenue and RM300,000 for assets to RM3mil for both revenue and assets.

However, the pace of the implementation of this change needs to be measured to alleviate the shock to the audit industry. The consultative document does not make much mention of the impact on the industry.

Limited time offer:
Just RM5 per month.

Monthly Plan


Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Letters

Need to be smart about tobacco control
AI still cannot surpass human intelligence
Are vet fees in Malaysia regulated?
Proposal to transform Malaysian football league
A vet’s wish for World Vet Day
Setting the ground for AI learning
Best to give limestone hills a wide berth
Don’t forget seniors and the disabled
Let’s find ways to hang onto those valuable life experiences
We are recycling toxins

Others Also Read