Talking about the top 10 audit firms in Malaysia 2020, we have created the most authentic and unbiased list of accountants and auditing service providers. Each audit firm offers a variety of services including tax, accounting, auditing, consulting, and financial advisory to the businesses.
Usually, all the companies offer identical accounting services with some differences in structure and pricing. And this is so confusing when it comes to selection.
So if you are confused and want to compare the top audit firms in Malaysia, here is our list of the best top 10 accounting firms in Malaysia 2020 that will definitely help you out. The best thing, we have included all the most important details that you always curious to know about these top firms.
2. Deloitte
3. KPMG
6. BDO
7. RSM
8. PricewaterhouseCoopers (PwC)
9. Mazars
10. YYC Advisors
1. EY(Ernst & Young)
EY stands for Ernst & Young that is actually the name of its founders. Headquartered in London, UK, EY is a renowned audit and accounting firm in Malaysia. The reason for its popularity is the fact that it has grabbed most of the companies listed in Malaysia. Therefore, a huge customer bank is a possible reason why this audit firm is considered as a reliable option.
This particular firm is growing at a fast pace as it provides all the essential accounting services to businesses in Malaysia. Most of the companies like to avail the services of this firm due to their experienced and qualified auditors/accountants.
The most prominent professional services of EY are:
- Assurance services
- Financial advisory
- Consulting
- Digital strategy
- Legal services
- Tax advisory
American Alwin Ernst and Scotsman Arthur Young founded their separate companies in 1903 and 1906, respectively. These organizations decided to merge as EY (Ernst & Young) in 1989 in London, UK.
EY Malaysia was established in 1909 as the nation’s first internationally linked public accounting company. EY Malaysia is headquartered in Kuala Lumpur with offices in each state.
Some most famous and biggest clients of EY are: Hewlett Packard, Verizon, State Street, AT&T, Coca Cola, General Motors, 21st Century Fox, Intel Corp, Walmart, Apple, Coca Cola, European Partners, Alphabet Inc., Delphi Automotive, Eli Lilly, Amazon, Facebook, Stanley Black & Decker, Abbot Labs, News Corp, AES Corporation, Phillips 66, AECOM Technology Corp, McDonald’s, HCA, Inc. , Anthem, and more.
Currently, there are almost 300,000 employees working for EY. As far as the total global revenue is concerned, EY has crossed USD 37.2 billion this year 2020.
2. Deloitte
The Deloitte Touche Tohmatsu Limited (commonly known as Deloitte) is one of the oldest accounting firms active on this planet. With having a stellar reputation, collaboration, exceptional working environment, highly experienced staff, and excellent quality professional services, Deloitte is arguably considered to be the top audit firm. This is the reason why it comes up at No. 2 in our list of top 10 audit firms in Malaysia 2020.
The most prominent professional services of Deloitte are:
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- Financial advisory
- Audit
- Tax
- Enterprise risk services
- Management consulting
- Risk advisory
- Legal services
- Other financial services
Deloitte was founded in 1845 in London, UK. William Welch Deloitte is the founder of Deloitte. William was a British accountant and the founder of the professional services firms that afterward became both PricewaterhouseCoopers and Deloitte Touche Tohmatsu. William Welch Deloitte is considered as one of the fathers of the accountancy profession.
Deloitte Malaysia was established in 1968 with the founding of KassimChan & Co. Deloitte Malaysia is headquartered in Kuala Lumpur with 8 offices across the nation.
Some most famous and biggest clients of Deloitte are: Metlife, Microsoft, Berkshire Hathaway, The Blackstone Group, Federal National Mortgage Association, Procter & Gamble, Apollo Global Management, and more.
Currently, there are over 300,000 employees working for Deloitte. And the total global revenue of Deloitte has reached up to USD 47.6 billion in 2020.
3. KPMG
KPMG is also considered to be one of the oldest and biggest audit firms in Malaysia, founded back in 1928. KPMG is not only the oldest firm of Malaysia but it is also one of the oldest professional accountants of Asia Pacific. The branch serving in Malaysia is referred to as KPMG DesaMegat & Co. This firm offers its services as an experienced and reliable accountant in Malaysia.
The KPMG offers the following services:
- Audit
- Actuarial
- Tax
- Accounting
- Consulting services
- Advisory services
- Other financial services
The global headquarter of KPMG is located in Amstelveen, Netherlands. Piet Klijnveld, William Barclay Peat, James Marwick, and Dr. Reinhardt Goerdeler are considered to be the founders of KPMG who established the company back in 1987.
KPMG Malaysia is located in Petaling Jaya, Selangor with 8 offices across the nation. KPMG Malaysia is one of the best audit firms operating in this region.
Some most famous and biggest clients of KPMG are: Accenture, Halliburton, Citigroup, General Electric, Deutsche Bank, Wells Fargo, Valero Energy, Visa, Pepsico, ING Group, Hershey, Omnicom Group, The Bank of New York, General Dynamics, Diebold Inc., Unisys Corporations, Western Digital Corp, Bio-Rad Labs and more.
Currently, there are almost 220,000 employees working for KPMG. Furthermore, the total global revenue of KPMG has crossed USD29.8 billion till now.
4. Crowe Horwath
Crowe Horwath stands at the 4th place in our list of top 10 audit firms in Malaysia 2020. Headquartered in NYC, United States, Crowe has more than 99 companies among its customer list. Besides, it is the eighth-largest accounting firm in the US and also offering its services in Malaysia since 1983.
The firm is renowned for providing impeccable service and consistent quality when offering accounting or auditing services to its clients.
The most prominent professional services of Crowe are:
- Audit
- Tax
- Advisory services
- performance services
- Risk management
Crowe was founded way back in 1942. Edmund Horwath and Fred P. Crowe Sr. Ernest participated their part in the formation of Crowe. Currently, there are over 42,000 employees working for Crowe.
Crowe Malaysia is located in Kuala Lumpur with 14 offices across the country. The total global revenue of Crowe is approx. USD 4.4 billion in 2020.
5. Baker Tilly Monteiro Heng
It’s another leading name among the most trusted accounting firms in Malaysia. This firm is an independently managed business advisory and accountancy firm. By hiring Baker Tilly Monteiro Heng, you can be sure of exceptional service.
The firm is serving more than 69 listed companies in Malaysia. Apart from this, the partnership of this audit firm with Ferrier Hodgson has made it a reliable option to choose from. It is capable of offering extensive advisory and accounting services to its clients.
Following is the list of professional services Baker Tilly provides:
- Auditing
- Accounting
- Management consulting
- Tax consulting and compliance
- Forensic accounting
- Valuation services
- Corporate advisory services
Baker Tilly Monteiro Heng was founded back in 1931 by John Henry Tilly. The global headquarters of Baker Tilly is located in London, UK.
Baker Tilly Malaysia was founded in 1978. Baker Tilly Malaysia is headquartered in Kuala Lumpur with eight offices across the country.
Currently, more than 30,000 employees are working for Baker Tilly. The total revenue of Baker Tilly is approx. USD 3.9 billion in 2020.
6. BDO
Headquartered in Zaventem, Belgium, BDO International is also one of the largest audit and accountancy networks. BDO stands for Binder Dijker & Otte Co, serving more than 162 countries across the globe.
The most prominent professional services of BDO Malaysia are:
- Audit
- Tax
- Advisory services
- Assurance services
- Business services and outsourcing
BDO was founded way back in 1964 by the collaboration of Hans-Heinrich Otte, Hans Otte, and Bernhard Binder.
Headquartered in Kuala Lumpur, BDO Malaysia also started working in 1964. BDO Malaysia offers quality services just like any other entity associated with this group. It owns a team of qualified and experienced employees.
Some most prominent clients of BDO are: FaceBook, Apple, Intercontinental, Diners Club, Lone Star, Fidelity, Michelin, Tyson Krupp, SAS, and more.
Currently, there are almost 90,000 employees working for BDO. And the total global revenue of BDO is over USD 9.6 billion in 2020.
7. RSM
RSM is a member firm of RSM International and is the sixth biggest network of independent audit, tax and consultancy firms, while operating in more than 120 nations, 800 offices.
RSM global Headquarters is located in London, UK. This company was founded way back in 1964 by Jean Stephens.
RSM Malaysia that was built in 1978 has now become one of the leading services providers of audit, accounting, tax, and assurance to companies in Malaysia. Their affiliates also offer numerous business solutions and consulting services such as corporate finance, business restructuring, outsourcing, tax, risk assurance service, and general management consultancy, etc.
Currently, more than 43,000 people are working for RSM.
8. PricewaterhouseCoopers (PwC)
PwC stands at 8th place in our list of top 10 accounting firms in Malaysia 2020. PricewaterhouseCoopers or PwC is one of the world’s biggest accountancy and audit firms. It is actually the integration of big accounting companies Price, Waterhouse, Coopers, and Lybrand.
The firm offers its services in more than 771 cities among 158 countries. Malaysian business entities can also hire the services of this leading accountant firm. The qualified auditors and accountant of this firm are committed to delivering top-notch audit and accountancy services.
The most prominent professional services of PwC are:
- Audit and assurance
- Tax
- Consulting
- Strategy Consulting
- Data & Analytics
- Management Consulting
- Advisory
- Actuarial
- Legal Services
The main headquarters of PwC is located in London, UK. PwC (PricewaterhouseCoopers) was founded in 1998. Samuel Lowell Price, Edwin Waterhouse, and William Cooper are considered to be the co-founder of this great firm.
PwC Malaysia is headquartered in Kuala Lumpur with offices in various states.
Some most prominent clients of PwC are: Bank of America, American International Group, Chase, Prudential Financial, IBM, United Technologies, Ford Motor Co, Johnson & Johnson, Caterpillar, Dell, CIT Group, Interpublic Group, Johnson Controls, Freddie Mac, American Express, Cisco Systems, PNC Financial Services Group, Xerox, Walt Disney, Mondelez International, XL Capital, 3M Co., Acronic Inc., Laureate Education, Inc., L3 Technologies, Hertz Global, and more.
Currently, there are almost 300,000 employees working for PwC. And when it comes to the total revenue of PwC, it has reached up to USD 43 billion already in 2020.
9. Mazars
Headquartered in Paris, France, Mazars is a renowned and trusted name among the topmost advisory and audit firms in Malaysia. The firm offers a range of services including business advisory, auditing, and taxation, etc. in a highly professional and efficient manner.
The company was founded back in 1945 by Rouen. And now it is a leading name in the audit and accounting field. With over 40,000 accounting professionals, covering 90+ countries, and comprehensive accounting and auditing solutions, it is one of the best accountants worldwide. Furthermore, company revenue has already reached 2 billion euros in the year 2020.
When it comes to efficiency, the team of qualified accountants and auditors are well versed in dealing with all the matters associated with audit and accounts.Here is the list of services Mazars offers:
- Audit and assurance
- Accounting
- Outsourcing
- Financial advisory
- Consulting
- Tax
Mazars Malaysia was founded back in 1986 with the coordination of Hew & Co and Tan Toh Hua & Partner. Their Malaysian group is also offering a range of accounting services. The headquarters of Mazars is located in Kuala Lumpur, Malaysia, and currently hundreds of employees working for them.
10. YYC Advisors
Last but not least, we can’t neglect YYC Advisors as one of the top 10 audit firms in Malaysia 2020. It comprises a team of very experienced and certified tax specialists, chartered accountants, and business advisors. These professionals are committed to assist and advise Malaysian companies to grow and flourish.
YYC Advisors is a licensed tax and audit firm that offers professional audit and assurance services. Not only this, but the firm also offers business advisory services to its clients. It helps businesses to plan their future growth and other similar matters.
The most prominent professional services of YYC Malaysia are:
- Audit and assurance
- Accounting
- Bookkeeping
- Business advisory
- Taxation
Yap Seong Fatt established the YYC Advisors Group back in 1974. Its main headquarters is located in Kuala Lumpur, Malaysia with 8 offices across the country.
Here is all about the top 10 audit firms in Malaysia 2020. We tried hard to compile the list with accurate and most important details. These is no surprise to see all the biggest and reputed accounting companies are ranking in Malaysia as well. However, if you are a small or medium-sized private company searching for affordable accounting and auditing services then you can consider other fast-growing accounting and audit firms like YH Tan & Associates PLT.
YH Tan & Associates PLT is a top audit firm in Malaysia with almost 30 years of experience in the field. This audit firm is determined to offer a variety of professional accounting, audit, and advisory services to businesses especially the startups operating in Malaysia.
The headquarters of YH Tan & Associates is located in Kuala Lumpur, Malaysia. There are hundreds of employees already working for this developing local firm. Most of the team members have in-depth experience in dealing with local accounting, audit, and taxation services in Malaysia. The firm boasts its high-spirited values and unshakable commitment to reach its goal.
The most prominent services of YH Tan & Associates are related to audit and assurance, accounting, taxation, corporate advisory and consulting, etc.
Contact YH Tan & Associates today for more details regarding our accounting and audit services that are available at affordable rates.