Every sdn bhd company is required by the Companies Act 1965 to appoint an approved auditor for their companies.
Whether active or not, large or small, all companies must have its accounts audited by the auditors every year before the Annual General Meeting (AGM). The shareholders shall then adopt and approve the audited accounts (audited financial statements) during the AGM.
All enterprises (sole proprietors) or partnership are NOT required by Business Registration Act to appoint auditors to audit their accounts.