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Tips To Reduce Audit Fee

Due to the high inflation and difficulties in engaging qualified employee in Johor Bahru, Johor, Malaysia, we expect the audit fee will be increasing over the time, therefore we suggest the following methods to help you in controlling your audit fee increment:

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a) Using a reliable and updated accounting software

We notice our time consumed in manual bookkeeping (hand written or excel spreadsheet) audit is three (3) times compare to the time spent in auditing of the account with reliable and updated accounting software. Therefore, using accounting software is not only help in managing your business operation. It is also reducing the workload of auditor and lead to lower audit fee.

b) Well prepared documentation

We notice our time consumed in manual bookkeeping (hand written or excel spreadsheet) audit is three (3) times compare to the time spent in auditing of the account with reliable and updated accounting software. Therefore, using accounting software is not only help in managing your business operation. It is also reducing the workload of auditor and lead to lower audit fee.

c) Improve internal controls

We notice our time consumed in manual bookkeeping (hand written or excel spreadsheet) audit is three (3) times compare to the time spent in auditing of the account with reliable and updated accounting software. Therefore, using accounting software is not only help in managing your business operation. It is also reducing the workload of auditor and lead to lower audit fee.

d) Hire knowledgeable staff

We notice our time consumed in manual bookkeeping (hand written or excel spreadsheet) audit is three (3) times compare to the time spent in auditing of the account with reliable and updated accounting software. Therefore, using accounting software is not only help in managing your business operation. It is also reducing the workload of auditor and lead to lower audit fee.

e) Quick responses to auditor requests

We notice our time consumed in manual bookkeeping (hand written or excel spreadsheet) audit is three (3) times compare to the time spent in auditing of the account with reliable and updated accounting software. Therefore, using accounting software is not only help in managing your business operation. It is also reducing the workload of auditor and lead to lower audit fee.

f) Transparency to auditors

We notice our time consumed in manual bookkeeping (hand written or excel spreadsheet) audit is three (3) times compare to the time spent in auditing of the account with reliable and updated accounting software. Therefore, using accounting software is not only help in managing your business operation. It is also reducing the workload of auditor and lead to lower audit fee.

g) Don’t close account at 31 December

We notice our time consumed in manual bookkeeping (hand written or excel spreadsheet) audit is three (3) times compare to the time spent in auditing of the account with reliable and updated accounting software. Therefore, using accounting software is not only help in managing your business operation. It is also reducing the workload of auditor and lead to lower audit fee.

What We Can Help You?

We are one of the registered Audit Firm that have received approved Auditors’ license from with Ministry of Finance Malaysia (MOF) under Section 8 of Companies Act 1965. This allow company (e.g. Sdn. Bhd.) registered in Malaysia appoint us as their company external auditor to audit and express our opinion for their company financial statement.

Our experienced staff will assist client with:

  • Examine the book of accounts and financial affairs related to the company financial statements.
  • Report to the person that charged with governance any material weaknesses in the company systems that come to our notice during the course of our audit.
  • Express our audit opinion based on our audit findings.
  • Report to the members of the company whether the financial statements which we have audited give a true and fair view of the state of affairs and whether all book of account have been properly kept in accordance with the provisions of the Act.