SSM audit exemption rules

Check the limits, the exceptions and what your company still needs to file.

Sources: SSM PD 10/2024 and audit exemption FAQ · checked 8 Nov 2026

The limits, by when the financial year starts

Financial year starts in	Revenue	Total assets	Employees
2025	RM1 million or less	RM1 million or less	10 or fewer
2026	RM2 million or less	RM2 million or less	20 or fewer
2027 onward	RM3 million or less	RM3 million or less	30 or fewer

Use the current phase’s limits for all three financial years.

Example company	2 years before	Last year	This year	Counts?
Revenue	Within	Within	Within	Yes
Total assets	Within	Within	Within	Yes
Employees	Within	Over	Within	No

Two limits are met in every year. Check the other rules too.

Public companies, foreign companies, subsidiaries of a public company (including joint control), and exempt private companies that lodge a section 260 certificate can’t use this route. Associates can. Other audit duties or valid audit requests can also prevent exemption.
Dormant and newly formed companies need separate checks.