Thank you for your query! The company will be exempted from audit if it falls under one of the three category below:
The following categories of private companies qualify for audit exemption:
(a) Dormant companies (company is dormant in a financial year if the company does not carry on business and there is no accounting transaction occurred)
(b) Zero-Revenue Companies (does not have any revenue during current financial year and the immediate past two financial years）
(c) Threshold-Qualified Companies (revenue less than RM100,000 and total asset not more than RM300,000.
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We can arrange a call with you to understand more about your business plans. Please provide us your contact number or you may contact us at https://wa.me/6584833084 :)