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How Much Should a Statutory Audit Cost in Malaysia?
Type in turnover, total assets or operating expenditure and get the fee the MIA RPG 7 scale produces — the benchmark auditors still quote from. Then check whether, from 2025, your company needs an audit at all.
Fee basis
RPG 7 uses turnover or total assets for trading companies, and operating expenditure for investment-holding and non-trading entities.
RPG 7 benchmark audit fee
RM 3,380/year
Plus 8% service tax ≈ RM 3,650
The fee the withdrawn MIA scale would produce for a company with RM 1,000,000 in gross turnover. Auditors still quote from it informally, then adjust for complexity, risk and deadlines.
| Band | Rate | Fee |
|---|---|---|
| RM 0 – RM 100,000 | 1.000% | RM 1,000 |
| RM 100,000 – RM 250,000 | 0.438% | RM 657 |
| RM 250,000 – RM 500,000 | 0.313% | RM 783 |
| RM 500,000 – RM 1,000,000 | 0.188% | RM 940 |
At this size the company may qualify for audit exemption under SSM’s phased thresholds — see the exemption table below before budgeting for an audit at all.
That RM 3,380 is the visible cost. The state of the books decides whether you actually pay it.
Auditors price hours, and messy books balloon them — missing invoices, unreconciled ledgers, year-end rushes all push a quote above the scale. Clean, keyed-in books keep it near the number above. Benchmark the bookkeeping side with our accounting & bookkeeping fees calculator.
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A scale that was withdrawn — and is still the benchmark
MIA issued RPG 7 in 2010 to stop a price war. MyCC saw a recommended minimum as potential price-fixing under the Competition Act 2010, so MIA withdrew it on 1 June 2015.
Nothing replaced it. For small and mid-sized companies, most auditors still start from the RPG 7 number and adjust. That is why the tables below are worth knowing, even though nobody is bound by them.
The RPG 7 Tables
Fee-coefficient percentage tables
Figures before 8% service tax.
| Band | Rate | Fee for band | Cumulative |
|---|---|---|---|
| Dormant company | — | Minimum RM800 | RM800 |
| First RM100,000 | 1.000% | RM1,000 | RM1,000 |
| Next RM150,000 | 0.438% | RM657 | RM1,657 |
| Next RM250,000 | 0.313% | RM783 | RM2,440 |
| Next RM500,000 | 0.188% | RM940 | RM3,380 |
| Next RM1,500,000 | 0.125% | RM1,875 | RM5,255 |
| Next RM2,500,000 | 0.100% | RM2,500 | RM7,755 |
| Next RM5,000,000 | 0.094% | RM4,700 | RM12,455 |
| Next RM10,000,000 | 0.100% | RM10,000 | RM22,455 |
| Above RM20,000,000 | Negotiable | — | >RM22,455 |
| Band | Rate | Fee for band | Cumulative |
|---|---|---|---|
| Dormant company | — | Minimum RM800 | RM800 |
| First RM50,000 | 2.500% | RM1,250 | RM1,250 |
| Next RM150,000 | 1.250% | RM1,875 | RM3,125 |
| Next RM800,000 | 0.625% | RM5,000 | RM8,125 |
| Next RM1,000,000 | 0.250% | RM2,500 | RM10,625 |
| Above RM2,000,000 | Negotiable | — | >RM10,625 |
Before You Budget
Audit exemption thresholds, 2025 to 2027
SSM Practice Directive 10/2024 phases the thresholds in over three years. A private company meeting all three tests for the current and preceding two financial years may be exempt.
| Phase | Annual revenue | Total assets | Employees |
|---|---|---|---|
| Financial year starting in 2025 | ≤ RM1,000,000 | ≤ RM1,000,000 | ≤ 10 |
| Financial year starting in 2026 | ≤ RM2,000,000 | ≤ RM2,000,000 | ≤ 20 |
| Financial year starting 2027 onward | ≤ RM3,000,000 | ≤ RM3,000,000 | ≤ 30 |
Dormant companies and zero-revenue companies have their own exemption categories. Exempt companies still file unaudited financial statements with SSM, and the RM3 million figure here is a different test from the RM3 million e-Invoice exemption threshold LHDN introduced in September 2026.
Questions
Audit fee FAQ
- How is an audit fee calculated in Malaysia?
- There is no official scale today. MIA withdrew RPG 7 on 1 June 2015 over competition-law concerns. In practice, most small and mid-sized audits are still quoted from the old RPG 7 table — a cumulative percentage of turnover, assets or expenditure — then adjusted for complexity and risk. This calculator applies that table.
- How much is an audit fee for a small Sdn Bhd?
- On the RPG 7 scale: RM500,000 turnover lands near RM2,440 a year, RM1 million near RM3,380, RM5 million near RM7,755 — before 8% service tax. Dormant minimum is RM800. Messy records and tight deadlines push quotes up. Clean books pull them down.
- Is my company exempt from audit?
- Possibly. SSM Practice Directive 10/2024 phases the thresholds in: FY2025 — RM1m revenue, RM1m assets, 10 staff; FY2026 — RM2m and 20; FY2027 on — RM3m and 30. The tests cover the current and two preceding years. Confirm with your company secretary before skipping the audit.
- Is service tax charged on audit fees?
- Yes — 8% since 1 March 2024, under the professional-services group. All RPG 7 figures on this page are before service tax.
- What makes an audit cost more than the scale suggests?
- The state of the books. Auditors price hours, and hours balloon when invoices are missing, the ledger does not reconcile, or the bookkeeping was rushed at year-end. The scale assumes clean accounts. The further from clean, the further above the scale.
- Is this calculator a quote?
- No. It applies a withdrawn benchmark scale to one number. Use it to start a conversation with an auditor — and check the exemption table first, because you may not need an audit at all.
Sources
Where these figures come from
- MIA Recommended Practice Guide 7 fee-coefficient tables, as reproduced by 3E Accounting.
- Withdrawal of RPG 7 with effect from 1 June 2015 — ST & Partners PLT, How Are Audit Fees Determined?.
- Audit exemption thresholds — SSM Practice Directive 10/2024, summarised in the MIA FAQs on Audit Exemption.
A benchmark, not a quote and not advice. Fees are set by each firm. Exemption eligibility is for your company secretary or auditor to confirm.
Last reviewed 3 September 2026 · BalanceNow team · Questions? hello@balancenow.com.my
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