Companies Commission of Malaysia (“SSM”) has made an announcement on 4 August 2017 in relation to the Practice Directive No. 3/2017 entitled “Qualifying Criteria for Audit Exemption for Certain Categories of Private Companies” which sets out the qualifying criteria for private companies from having to appoint an auditor in a financial year (audit exemption).

For the purpose of this Practice Directive, the following categories of private companies qualify for audit exemption:

(a) Dormant companies

(b) Zero-Revenue Companies

(c) Threshold-Qualified Companies


For more detail, please refer to the Practice Directive No. 3/2017 in the below link:


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