Some private limited companies in Malaysia may qualify for exemption from auditing their accounts, pending the guidelines to be released by SSM (Suruhanjaya Syarikat Malaysia).

Low th & co offers comprehensive accounting services, including the preparation of unaudited financial reports for exempt companies and audit services through our affiliated audit firms. Our audit services cover all financial statements tailored to meet the statutory requirements of both SSM and IRB.

You will receive all the following, when we prepare you unaudited financial statements:

• Director’s Report and Statement

• Detailed Profit and Loss Statement for the Year End

• Detailed Balance Sheet as at a certain date

• Company Compliance Notes to Financial Statement

Profit and Loss Statement (also known as the statement of financial performance) provides you information about your sales, expenses and profit. In addition, it will give you a clearer picture of your company status for a period of time. For instance, One (1) year.

Balance Sheet (also known as the statement of financial position) provides you information about Assets, Liabilities and Equity. It tells you the position of your company as at a particular point of time.

For a small and medium-sized enterprise(SME) eligible for audit exemption only needs to prepare the Director’s Report, Statement, Profit and Loss, Balance Sheet, and Compliance Notes to comply with Malaysia's laws. These documents are adequate for filing the company’s annual return to SSM (Suruhanjaya Syarikat Malaysia) and submitting yearly tax returns to IRB (Inland Revenue Board of Malaysia).