Statutory financial audit is often seen as “only a requirement” by many. Though it is mandatory for companies incorporated under the Companies Act 2016, the benefits of a well-designed financial audit is frequently undermined. Our audit services are rendered by our associated audit firms in Ipoh, Perak.

Have you ever felt like audit is just a waste of time and resources of your company?

Or have you ever considered the following benefits from financial audit in Malaysia?

How Are Audit Fees Charged In Malaysia?

Below are the recommended audit fees schedule. The fees are referenced from the Practice Guide (RPG) 7 on Audit Fee Charge (New Audit Fee) by Audit Firm for providing statutory auditing services in Malaysia. RPG is recommended by the Malaysia Institute of Accountants (MIA).

Gross Turnover or Total Assets Basis

Gross Assets or Turnover Cumulative Amounts Rate Fees Cumulative Fees
The first RM100,00 RM100,000 1.000% RM1,000 RM1,000
The next RM150,000 RM250,000 0.438% RM657 RM1,657
The next RM250,000 RM500,000 0.313% RM783 RM2,440
The next RM500,000 RM1,000,000 0.188% RM940 RM3,380
The next RM1,500,000 RM2,500,000 0.125% RM1,875 RM5,255
The next RM2,500,000 RM5,000,000 0.100% RM2,500 RM7,755
The next RM5,000,000 RM10,000,000 0.094% RM4,700 RM12,455
RM10,000,000 to RM20,000,000 RM1,000 for every RM1,000,000 increase of a fraction thereof up to RM20,000,000
Above RM20,000,000 Negotiable (but should not be less than RM20,000 per assignment)
Dormant (Minimum audit fee) RM800

Total Operating Expenditure Basis

Gross Assets or Turnover Cumulative Ringgit Rate Fees Cumulative Fees
The first RM50,000 RM50,000 2.500% RM1,250 RM1,250
The next RM150,000 RM200,000 1.250% RM1,875 RM3,125
The next RM800,000 RM1,000,000 0.625% RM5,000 RM8,125
The next RM1,000,000 RM2,000,000 0.250% RM2,500 RM10,625
Above RM2,000,000 0.125%
Dormant (minimum audit fee) RM800

The Malaysia Institute of Accountants (MIA) has recommended Practice Guide (RPG) 7 on Audit Fee Charge (New Audit Fee) by Audit Firm for providing statutory auditing services in Malaysia with effect from 1 March 2010.

The Practice Guide is issued due to the following reasons:

This Practice Guide was subsequently withdrawn on 1 June 2015 to ensure that the provisions of Competition Act 2010 is not breached. Though withdrawn, this guideline is still being referred to by audit firms when establishing their audit fee.

Our audit service cover areas in Ipoh, Kampar, Tapah, Taiping, Chemor, Cameron Highlands, Sitiawan, Manjung, Bidor, Penang, Kedah, Alor Setar, Kelantan, Kuantan, Pahang, Perlis, Terengganu, Kuala Lumpur, Selangor, Melaka, Johor Bahru, Seremban and other areas in Malaysia. Contact us today!

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Salaried individual or a company director.

Small Business

Sole proprietor, enterprise or partnership.


Sendirian Berhad or Private Limited Company.

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