Our Services

Statutory audit is one of RW's core business activities. It is a statutory requirement under the Malaysian Companies Act, 2016 that a company incorporated in Malaysia has to prepare its financial statements in accordance with applicable approved accounting standards, and has to be audited in accordance with approved standards on auditing in Malaysia.

We have knowledgeable, skilled and experienced people who stay abreast of accounting developments and have access to state-of-the-art auditing technology in carrying out our audit effectively and efficiently. It also permits us to consider established facts objectively in arriving at an unbiased audit opinion.

Apart from complying with statutory requirements, we encourage clients to turn the legal necessity of audit into a business opportunity by ensuring that the right controls are in place, so business assets are safe from negligent or criminal misappropriation; recommending new ways to strengthen controls; and in general, suggesting new ways for our clients' business to be run more cost effectively.

• Statutory audits
• Non-statutory audits
• Management and operational audits
• Internal controls and systems review
• Review of financial reports
• Internal audit
• Agreed upon procedure reports
• Financial accounting
• Financial reporting standards

We provide professional preparation of unaudited financial statements to assist businesses with accurate financial reporting while meeting internal and external regulatory requirements without the cost of an audit.

Pursuant to subsection 267(2) of the CA 2016, the Registrar may exempt any private company from having to appoint an auditor according to the criteria and conditions as set out in Practice Directive.

The audit exemption aims to reduce the financial burden for carrying company audit on micro and small private companies, promoting ease of doing business whilst ensuring financial accountability.

We are here to aid clients in situations where they are exempt from having to undergo a formal audit and involves advising clients or helping them understand the criteria and process for legally avoiding an audit.

Qualifying Criteria for Audit Exemption

A private company qualifies for audit exemption if it fulfils at least two (2) of the following criteria:

• a The annual revenue of the company during the current financial year and in the immediate past two (2) financial years do not exceed RM3,000,000
• b The total assets of the company in the current statement of financial position and in the immediate past two (2) financial years do not exceed RM3,000,000
• c The number of employees at the end of the current financial year and in the immediate past two (2) financial years do not exceed thirty (30)

We appreciate and understand the technicalities and legalities involved in assessing clients' tax situations to obtain maximum tax benefit and relief. We will also take care of routine tax compliance work as well as advice on specific tax issues that may be required on an ad hoc basis.

As your tax consultants, we provide value-added and client-centric tax services that help address your tax concerns — be it complying with filing requirements or strategic planning to reduce your tax liabilities.

During tax audits and investigations by the Inland Revenue Board (IRB), we are able to guide clients through the process and provide professional tax audit representation to safeguard their position. We also offer tax review and audit services to detect any potential problems and complications which may arise from an official tax audit by the IRB.

Our Tax Services Include:

Our Transfer Pricing Services:

• Undertaking a transfer pricing study to determine whether transfer prices in related party transactions meet the arm's length standard
• Benchmarking exercise
• Representing clients to defend their transfer pricing policy in the event of a transfer pricing audit
• International tax planning through effective transfer pricing techniques

Winding up is a process in which the existence of a company is brought to an end, where assets of a company are collected and realised. The proceeds collected are used to discharge the company's debts and liabilities and the remaining balance (if any) will be distributed amongst the contributories according to their entitlement.

Our qualified team of liquidators are well equipped to complete the liquidation task in a timely and cost efficient manner.

Two Modes of Winding Up

The Companies Act sets out an extensive array of duties, responsibilities and guidelines for administration of company affairs. Our corporate services team provides comprehensive solutions to meet your business needs.

Our Services Include:

• Incorporation of companies or shelf companies
• Registration of business, regional or representative office
• Company secretarial services
• Liquidation and winding up
• Special investigations
• Stamping services
• Licensing application services

Our accounting services cater for sole proprietors, partnerships, companies and cooperatives. Your business transactions will be updated and posted into the Accounting System and we will prepare the Management Accounts for your review and analysis in order for you to take a right and proper business decision which will also assist you in your tax planning.

Our team is well experienced to handle SST accounting for monthly and quarterly reporting using Customs approved accounting software.

E-Invoicing Services

Our team is well equipped with the latest government regulations on electronic invoicing requirements. Once appointed, we will liaise with your personnel to establish the documentation and information flow to ensure a complete, accurate and timely invoicing cycle.

The Companies Commission of Malaysia (SSM) has launched MBRS 2.0, an upgraded version of the platform designed to streamline the submission of financial statements and other statutory filings.

We are committed to ensuring that your company remains fully compliant with all regulatory filing requirements. We will be assisting with all MBRS 2.0 filings and are available to help guide you through this transition.

Our team of financial reporting experts is ready to guide businesses through every step of MBRS compliance. From data conversion to final submission, we provide tailored support to ensure a seamless transition.

Our MBRS Process

We provide workshops and seminars on accounting standards, SST changes, tax updates, tax planning and training, payroll administration and conducting courses tailored to the clients' industry requirements. Our trainers have vast experience in handling internal and external courses for various industries.

• Courses tailored to the clients’ industry and specific needs
• Workshops and seminars on accounting standards and SST
• Trainers with vast experience in internal and external courses for various industries
• Workshops and seminars on comprehensive tax planning