New Qualifying Criteria for Audit Exemption

New Qualifying Criteria for Audit Exemption

Bybengpin@russellbedford.com.my

The Companies Commission Malaysia (CCM) issued Practice Directive No. 10/2024 (P.D. 10/2024) introducing new criteria for audit exemption for private companies, effective from 1 January 2025.  These new criteria will be implemented in phases from 2025 to 2027, with full implementation for financial periods starting on or after 1 January 2027. Under the new audit…