In accordance with Practice Directive 10/2024 issued by SSM, to facilitate the transition into the new audit framework, the threshold criteria for audit exemption will be implemented via a phased approach over a period of three (3) years.
The thresholds for revenue, assets and number of employees will increase incrementally as follows:
Financial Periods and Thresholds
Year
2025
(Phase 1)
2026
(Phase 2)
2027
(Phase 3)
Financial period
Commencing on or after 1st January 2025 until 31 December 2025
Commencing on or after 1st January 2026 until 31 December 2026
Commencing on or after 1st January 2027
Submission year
Beginning from 1 January 2026
Beginning from 1 January 2027
Beginning from 1 January 2028
Thresholds
Turnover: RM1,000,000
Assets: RM1,000,000
Number of Employees: 10
Turnover: RM2,000,000
Assets: RM2,000,000
Number of Employees: 20
Turnover: RM3,000,000
Assets: RM3,000,000
Number of Employees: 30
Pejabat Utama
ENHANCE BUSINESS MANAGEMENT BY ENHANCE GROUP 201203192742 (JM0631067-V)
71B, Jalan Kuning 2, Taman Pelangi, 80400 Johor Bahru, Johor, Malaysia.