Audit firm Malaysia

Are you looking for a

Business Advisory Team?

Contact us know to find out how we can help you.

    Top Audit Firm in Malaysia

    YH Tan & Associates is a top audit firm in Malaysia specialized in audit, accounting & business advisory services, consultancy, product pricing, taxation services, and more. 

    We are an independent audit and advisory company that wants to become your one-stop solution to all of the accounting needs in Malaysia. For this, we constantly strive to make our services better.

    We assist different kinds of small and medium businesses, from private startups to public corporate bodies, at every stage of their development process.

    Years in Business
    0
    +
    Years in Business
    Successful Cases
    0
    +
    Successfull Cases
    Our Satisfied Clients
    0
    +
    Satisfied Clients
    Our rating
    0
    +
    Google Review

    Why Do We Need Audit?

    Audit is crucial as it ensures that the business’s financial records remain correct and in compliance with the updated laws and rules. This process is executed by the auditors to analyze the correctness of the business’s financial records.

    Internal Audit

    Internal audit focuses on enterprise risk management functions, security processes, and regulatory compliance among other departments. And when it comes to internal audit, Internal auditors form a company’s financial watchdogs. They examine the company’s financial docs and review the operational procedures. 

    Internal auditors look for discrepancies between operational processes and what those processes are designed to do. And if such discrepancies are found, they advise the senior management for improvement.

    So an internal audit is essentially a preemptive maneuver to maintain operational efficiency and financial reliability and to safeguard assets. 

    External Audit

    External audit offers impartiality that the internal audit team can’t. It reinforces the credibility of a company’s account statements and general financial health. This type of audit can also incorporate training for the internal audit team.

    External auditors review the company’s financial information and report on various findings. They are responsible for investigating financial statements for fraud and errors, carrying out audits on operations, reporting on different findings, and giving useful recommendations.

    External auditors also identify areas of non-compliance and issues with fraud within the organization. Especially when it comes to SSM, where audited financial statements are required to be submitted to SSM annually. 

    What happens if my Company Doesn’t Perform an Audit?

    Penalty: Imprisonment for 5 years or RM30,000

    Company’s Act – SECTION 169 (1)

    This Section provides that the Directors of every Company shall meet at some date not later than 18 months after the incorporation of the Company and subsequently once in every calendar year at intervals of not more than 15 months lay before the Company’s AGM a profit and loss accounts (Audited Financial Statements) made up to a date not more than 6 months before the date of AGM. If any Director of a Company fails to comply or take all reasonable steps to secure compliance by the Company, the foregoing provisions shall be guilty of an offense against this Act.

    Please note that a director has the fiduciary duty to ensure that all obligations of the company and the requirements set out in the Act, and related legislation and other relevant law are properly and fully complied with at all times.

    Types Of Compound Imposed by Companies Commission of Malaysia

    A) Late Tabling of Audited Account and Non-Submission of Annual Return to CCM

     

    B) Late Submission of Documents TO CCM

    -Qualification

    -Use of technology

    -Quality assurance processes

    -Reasonable fees

    -The reputation of the audit firm

    -Ongoing support for decision-making and growth

    -Industry experience

    What Are the Qualities of a Good Auditor?

    Auditors need to be able to understand the client’s business and industry. This requires the ability to quickly frame a picture of the client’s business, the organization and key attributes within it. A good auditor can sort out connections and linkages within the organization to focus the audit approach.

    They show integrity

    They leverage data analytics

    They are good with technology

    They are good at building relationships

    They are always learning & adapting

    They are effective communicators

    They are innovative

    They are team orientated


    Why Choose YH Tan & Associates Audit Firm in Malaysia?

    Extraordinary Services: YH Tan & Associates is backed by a team of professional and certified CA’s (Chartered Accountants). Unlike other local chartered accountant firm in Malaysia, we not only provide just average services; instead, we always try to fulfill our client’s needs by delivering highly professional, accurate, and extraordinary services that can meet all of their financial needs.  

    Fast & Efficient: We provide fast and effective solutions for your business. Our team will help and guide you in all your financial inquiries and will provide out of the box solutions with fast response and supreme quality services. There is no question when it comes to financial expertise. 

    Time Saving, Money Saving: Let our professional team handle your financial, accounting, and corporate governance needs so that you can focus on your business. You can be confused and exhausted by comparing various local accounting and advisory firms out there. But with the best accounting firm in Malaysia like YH Tan, you will not only save your valuable time, but also save your valuable money. 

    Maximum Convenience: As compared to other accounting companies in Malaysia that just provide a few services, we stand out with our comprehensive solutions. This makes us a more convenient solution to your accounting and bookkeeping work. 

    We are the fastest growing accounting and audit firm in Malaysia, and we cover almost everything related to your accounting needs such as auditing & bookkeeping, assurance, taxation, corporate secretarial, outsourced accounting, etc. Furthermore, you can get expert-level financial consulting services from us. 

    Trusted Financial Advisor: YH Tan is a trusted financial advisor that already has hundreds of satisfied customers in Malaysia. So if you have any concerns, you can check our testimonials anytime online. Once you trust us, we take care of all of your financial matters. We are responsible for any kind of discrepancy. We view integrity, transparency, and compliance as solid elements. 

    Affordable Services: We provide competitive rates than any other major and best audit firm in Malaysia. Though we offer multiple accounting solutions, we don’t charge any additional or extra hidden charges in any step. 

    Accreditation: YH Tan is an active member of GMN International, an association of independently managed professional accounting firms that share a commitment to serving businesses worldwide. In addition, we are also recognized by MIA, ACCA, Intuit, and more.  

    Fast Response Time: If you are searching for a reliable account firm in Malaysia where you can get treated the way you want to be treated, you are at the right place. Here, you will get a professional and certified accountant for your needs within 24 hours. Once contacted, we will be right back to you without any long waiting times.

    Schedule Consultation

     

    Our Art of Winning consultation session includes:

    • Strategy on getting what you want
    • How to master on Art of Winning
    • Business strategy and implementation to achieve the result
    • Application of the “Sun Tzu’s Art of War” to business strategy
    Mission YH Tan

    Our Mission

    To provide a one-stop solution for all business needs while making successful and strong working relationships with the clients.

    Vision YH Tan

    Our Vision

    To become the best and recognized audit firm not only in Kuala Lumpur, but all over Malaysia while fulfilling the clients’ financial needs.

    Our Strategy

    Frequently asked questions

    We charge our services on a monthly, quarterly, or yearly basis as per our client needs.

    Most of our clients are on a month-to-month plan with us. Charges range from RM1000 a month for a range of accounting and bookkeeping services that are provided by our associated partners.
    Yes, we are registered with MIA as well as we are an active member of GMNI.
    We use Quickbooks, Xero, and a few other top industry accounting softwares. 
    Yes, we also provide consulting services for any kind of small and medium-sized businesses.

    Young Regional Advocates Award Winner 2020

    CAANZ-logo
    YH Tan's Owner - Yoon Huat Tan

    Yoon Huat Tan, a young chartered accountant and founder of YH Tan & Associates, has won Chartered Accountants Australia and New Zealand Young Regional Advocates awards for 2020.

    We are a Member of GMN International

    YH TAN & Associates is an active member of GMN International.

    GMN International is an association of independently managed professional accounting firms that share a commitment to serving businesses worldwide. Our advisory team complies with both Malaysian and international laws and provides help with cross-border businesses.

    Registered in England – Reg. No. 7809117. Registered Office: 29-30 Fitzroy Square, London, W1T 6LQ, UK.

    Are you looking for a

    Business Plan Consultant?

    Our Blog

    New Tax Measures in Malaysian Budget 2022 that are going to Affect Businesses and Individuals

    Recently, Malaysian government has introduced a wide range of tax measures. The information regarding such measures was released on October 29, 2021. Being part of a new budget,...


    Posted By Comments: 0 0