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Is it mandatory to appoint an auditor?
Under section 267(2) of the Companies Act 2016, all Dormant, Zero-revenue and Threshold-qualified private companies are eligible to elect for audit exemption.
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What are the requirements to elect for audit exemption?
For companies electing for audit exemption, companies are required to lodge a full set of an unaudited financial statements accompanied with a stateme... -
Which categories of private companies are eligible to elect for audit exemption?
Under section 267(2) of the Companies Act 2016, all Dormant, Zero-revenue and Threshold-qualified private companies are eligible to elect for audit ex... -
What is Zero-revenue private company?
A zero-revenue company is qualified for audit exemption if it does not have any revenue during the current financial year; it does not have any revenu... -
What is Threshold-qualified private company?
A threshold-qualified company is qualified for an audit exemption if it fulfils the following criteria: It has revenue not exceeding RM100,000 during... -
What is the significance of having an auditor?
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