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 auditing & assurance services, 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 for 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.
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 an 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, 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 PLT is backed by a team of professional and certified CA’s (Chartered Accountants). Unlike other local chartered accountant firms 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 & Associates, 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 & assurance, bookkeeping, taxation, corporate secretarial, etc. Furthermore, you can get expert-level financial consulting services from us.
Trusted Financial Advisor: YH Tan & Associates PLT is a trusted financial advisor with hundreds of satisfied customers in Malaysia. So if you have any concerns, you can check our testimonials anytime online. Once you trust us, we will take care of all of your financial matters. We are responsible for any 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 committed 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.
Our Services
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
Our Mission
To provide a one-stop solution for all business needs while making successful and strong working relationships with the clients.
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
STEP
01
The first meeting
Understanding Your Business
In the first meeting, we aim to get an in-depth understanding of your business, the industry it operates in, and internal policies and procedures. Our research also involves understanding external laws governing your entity and their extent of compliance.
STEP
02
The second meeting
Detailed Plan
After conducting the initial research, our Finance Experts will come up with a detailed plan of action. The plan is aimed at providing tailor-made solutions for your business.
STEP
03
The final meeting
Problem Solving
Our professional service will ensure that all your problems are solved. We will conduct an annual review of the problem and incorporate changes that are warranted by the circumstances.
Frequently asked questions
We charge our services on a monthly, quarterly, or yearly basis as per our client's needs.
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
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
Income Tax Malaysia: The Ultimate Guide
Navigating through the rules and regulations associated with income tax Malaysia could be daunting. However, it is essential to understand tax-related matters in order to comply with Malaysian...