10 Best Accounting Firms in Malaysia (2024)

In Malaysia's ever-evolving business landscape of, adeptly managing intricate financial affairs necessitates the guidance of trusted accounting firms. Our recent compilation introduces the top ten leading accounting firms, carefully chosen for their adeptness in providing extensive financial services customized to address the varied requirements of businesses. Delving into audit firms in Malaysia further broadens the scope of specialized financial assistance available to enterprises.

These firms serve as trusted advisors, offering a wide spectrum of services including auditing, tax planning, financial reporting, and advisory services. Whether you're a startup, SME, or multinational corporation, each firm brings a wealth of experience and professionalism to the table. Dive into our comprehensive list to discover the industry leaders poised to provide invaluable financial insights and support your business growth in Malaysia, including the best accounting firm near you.

10 Best Accounting Firms in Malaysia (2024)

1. PricewaterhouseCoopers (PwC)

PwC, or PricewaterhouseCoopers, stands as a global leader in accountancy and audit services and a distinguished member of the big 4 audit firms in Malaysia. Formed through the merger of Price, Waterhouse, Coopers, and Lybrand, PwC operates in over 771 cities across 158 countries, offering Malaysian businesses the expertise of this renowned big 4 company in Malaysia.

Key Services	- Audit and assurance - Tax - Consulting - Strategy Consulting - Data & Analytics - Management Consulting - Advisory - Actuarial - Legal Services
Contact	603-2173 1188
Email	my_info@pwc.com
Address	Level 10, Menara TH 1 Sentral, Jalan Rakyat Kuala Lumpur Sentral, P O Box 10192 50706 Kuala Lumpur, Malaysia
Website	https://www.pwc.com/my/en.html

2. Deloitte Malaysia

Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, stands as one of the longest-serving accounting firms globally. Renowned for its stellar reputation, collaborative culture, exceptional work environment, and highly skilled workforce, Deloitte is widely regarded as a top-tier accounting company in Malaysia. Its exceptional quality of professional services has secured it the second position on our list of the top 10 audit firms in Malaysia for 2024.

Key Services	- Financial advisory - Audit - Tax - Enterprise risk services - Management consulting - Risk advisory - Legal services
Contact	603 7610 8888
Email	-
Address	Menara LGB, Level 16, 1, Jalan Wan Kadir, Taman Tun Dr Ismail, 60000 Kuala Lumpur
Website	https://www2.deloitte.com/my/en.html

3. Ernst & Young Malaysia

EY, short for Ernst & Young, founded in London, UK, is a prominent audit and accounting firm in Malaysia. Its widespread popularity stems from its dominance in serving a majority of listed companies in Malaysia, establishing a substantial customer base. Renowned for its comprehensive financial accounting services, EY is rapidly expanding, attracting clients with its seasoned and certified auditors and accountants, making it a preferred choice for businesses across Malaysia.

Key Services	- Assurance services - Financial advisory - Consulting - Digital strategy - Legal services - Tax advisory
Contact	05-2102168
Email	-
Address	Level 23A Menara Milenium, Wilayah Persekutuan, Malaysia, Jalan Damanlela, Damansara Town Centre, 50490 Kuala Lumpur, Federal Territory of Kuala Lumpur
Website	https://www.ey.com/en_my

4. KPMG Malaysia

KPMG, founded in 1928, stands as a pillar in Malaysia's audit landscape, being one of the oldest and largest firms. Known as KPMG DesaMegat & Co in Malaysia, it's celebrated for its deep-rooted experience and reliability in accounting services, including expertise in transfer pricing, making it a premier audit firm in the region.

Key Services	- Audit - Actuarial - Tax - Accounting - Consulting services - Advisory services - Other financial services
Contact	603-7721 3388
Email	info@kpmg.com.my
Address	Level 10, KPMG Tower, 8, First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor.
Website	https://kpmg.com/my/en/home.html

5. BDO Malaysia

As a provider of accounting services, BDO specializes in facilitating the establishment of private limited companies and foreign entities. Their offerings include the maintenance of statutory registers and company books, ensuring punctual filing of periodic returns and mandatory submissions, and recording decisions and resolutions by directors and shareholders on statutory matters. Leveraging BDO's expertise, clients receive efficient and reliable support for all their accounting needs, ensuring compliance and smooth operations.

Key Services	- Accounting and Compliance Services - Payroll and Treasury Services - Company Secretarial and Immigration Services
Contact	603 2616 2888
Email	contactus@bdo.my
Address	51-21-F, Menara Bhl, Jln Sultan Ahmad Shah, 10050 George Town, Pulau Pinang
Website	https://www.bdo.my/en-gb/home

6. Crowe Horwath Malaysia

Crowe Horwath, celebrated for its excellence in auditing and accounting services, ranks as a top choice among Malaysia's audit firms. With Crowe Malaysia's strategic presence in Kuala Lumpur and 14 offices nationwide, it's lauded for its impeccable service, tax compliance, and consistent quality since its inception in 1983.

Key Services	- Audit - Tax - Advisory services - performance services - Risk management
Contact	603 2788 9999
Email	-
Address	Crowe Malaysia PLT Level 16, Tower C, Megan Avenue II, 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur, Malaysia
Website	https://www.crowe.com/my

7. Grant Thornton

Grant Thornton Malaysia, a beacon among the country's accounting firms, is committed to empowering businesses with audit, tax, and advisory services that embody excellence, innovation, and integrity. Our affiliation with the Malaysian Institute of Accountants and expertise in corporate tax in Malaysia equip us to provide strategic insights that drive growth and success.

Key Services	- Audit & Assurance - Accounting - Advisory
Contact	603-2692 4022
Email	info@my.gt.com
Address	Level 11, Sheraton Imperial Court, Jalan Sultan Ismail, 50250 Kuala Lumpur, Wilayah Persekutuan, Malaysia
Website	https://www.grantthornton.com.my/en/

8. Baker Tilly Malaysia

Baker Tilly, a standout in Malaysia's accounting landscape, offers unparalleled business advisory and accountancy services. With a partnership that enhances its advisory capabilities, Baker Tilly is the go-to firm for clients seeking comprehensive solutions, further solidified by its collaboration with Mazars Malaysia for business consulting in Malaysia.

Key Services	- Auditing - Accounting - Management consulting - Tax consulting and compliance - Forensic accounting - Valuation services - Corporate advisory services
Contact	603-2297 1000
Email	-
Address	Baker Tilly Tower, Tower, 1, Avenue 5, Bangsar South, 59200 Kuala Lumpur, Federal Territory of Kuala Lumpur
Website	https://www.bakertilly.my/

9. RSM Malaysia PLT

RSM Malaysia PLT, an independent member firm of RSM International and recognized as both a top audit firm in Malaysia and a reputable audit firm in Malaysia, operates globally. With a widespread presence and registered auditors with both the Malaysian Audit Oversight Board and the Public Company Accounting Oversight Board, our highly skilled team specializes in providing auditing, accounting, and internal audit services to businesses of all sizes and industries.

Key Services	- Audit & Assurance - Tax - Outsourcing - Risk Advisory - Transactions Advisory - Restructuring - IT Consulting & Services
Contact	03-2610 2888
Email	-
Address	5th Floor, Penthouse, Wisma RKT, Block A, No. 2, Raja Abdullah, Off, Jln Sultan Ismail, 50300 Kuala Lumpur
Website	https://www.rsm.global/malaysia/

10. Nexia SSY Malaysia

Nexia SSY, established in 2011 through the merger of three renowned firms, has become a leading audit firm in Malaysia. Their adherence to International Standards on Auditing and registration with the Audit Oversight Board of the Securities Commission of Malaysia ensures clients receive the highest quality standards, fostering trust and confidence globally. Their expertise extends to comprehensive financial advisory services in Malaysia, ensuring clients' financial strategies are robust and forward-thinking.

Key Services	- Audit and Assurance - Taxation - Accounting - Company Secretarial
Contact	603-5039 1811
Email	info@nexiassy.com
Address	UOA Business Park, Tower 3, 5th Floor, K03-05-08 1 Jalan Pengaturcara U1/51A Section U1, 40150 Shah Alam, Selangor Darul Ehsan, Malaysia
Website	https://www.nexiassy.com/index.html

Conclusion

In conclusion, Malaysia's accounting landscape is enriched by the presence of the top 10 accounting firms in Malaysia, each distinguished by their expertise and dedication to excellence. These firms, including big accounting firms in Malaysia, play a pivotal role in guiding businesses through complex financial landscapes, offering comprehensive accounting services tailored to their needs. With a focus on professionalism, integrity, and innovation, they uphold the highest standards of service delivery, ensuring client satisfaction and trust. Additionally, exploring tax firms in Malaysia further expands the range of specialized financial services available to businesses, contributing to the country's dynamic economic ecosystem.

Frequently Asked Questions

1. What Are the Benefits of Hiring an Accounting Firm in Malaysia?

Engaging an accounting firm in Malaysia offers numerous advantages. Firstly, these firms possess deep knowledge of local tax regulations and compliance requirements, ensuring accurate and timely tax filings and minimizing the risk of penalties. Additionally, they provide expert financial analysis and strategic advice, helping businesses make informed decisions to optimize profitability and growth. By outsourcing accounting tasks, businesses can focus on core activities, saving time and resources. Moreover, accounting firms offer scalability, allowing businesses to access additional services as needed without the burden of hiring full-time staff. Lastly, partnering with an accounting firm fosters transparency and accountability, instilling confidence in stakeholders and enhancing the overall financial health and stability of the business. Notably, firms like Baker Tilly Monteiro Heng excel in indirect tax services in Malaysia, further enhancing the suite of benefits.

2. What Services Do Accounting Firms in Malaysia Offer?

Accounting firms in Malaysia offer a wide range of services tailored to meet the diverse needs of businesses. Some of the key services provided include taxation services, ensuring businesses comply with local and international tax laws while optimizing their tax positions.

A. Bookkeeping:
Recording and maintaining accurate financial transactions.

B. Financial Statements Preparation: 
Compiling balance sheets, income statements, and cash flow statements.

C. Tax Planning and Compliance:
Advising on tax optimization strategies and ensuring compliance with local tax laws.

D. Audit and Assurance:
Conducting independent audits to verify the accuracy of financial information and compliance with regulations.

E. Payroll Services:
Managing employee payroll, including salary calculations, tax deductions, and statutory contributions.

F. Corporate Secretarial Services:
Assisting with company incorporation, maintenance of statutory records, and compliance with regulatory requirements.

G. Management Consulting:
Providing strategic advice on business planning, financial analysis, and operational improvement.

These services, ranging from tax compliance and tax advisory in Malaysia to accounting outsourcing, can be tailored to meet the unique needs and objectives of each client, significantly contributing to their financial success and growth. By leveraging the expertise of chartered accountants in Malaysia, businesses can navigate the complexities of financial management more effectively.

3. Auditing Firms vs Accounting Firms?

Auditing firms and accounting firms both play crucial roles in the financial landscape, but they specialize in different areas and offer distinct services. While top audit firms in Malaysia focus on verifying the accuracy and reliability of financial information, accounting firms provide a comprehensive suite of services including bookkeeping, tax preparation, and financial advisory to support businesses in navigating their financial journey.

Auditing Firms:

i. Focus:
Auditing firms specialize in providing independent assessments of financial statements and internal controls.

ii. Core Service:
Their primary service is conducting audits to verify the accuracy and reliability of financial information, a specialty of top audit firms in Malaysia.

iii. Regulatory Compliance:
They ensure compliance with regulatory requirements and accounting standards.

Accounting Firms:

i. Focus:
Accounting firms offer a broader range of financial services, including bookkeeping, tax preparation, and financial advisory, making them essential for businesses seeking comprehensive financial management solutions.

ii. Core Service:
Their primary service is providing financial record-keeping and reporting services.

iii. Financial Management:
They assist clients in managing their financial affairs, including budgeting, forecasting, and financial analysis.

In summary, auditing firms focus primarily on verifying financial information and ensuring compliance, while accounting firms offer a broader range of financial services to support clients in managing their finances and achieving their business objectives. This distinction highlights the complementary roles each type of firm plays in the Malaysian financial landscape.

4. What is The Average Cost of Hiring An Accounting Firm in Malaysia?

The average cost of hiring an accounting firm in Malaysia varies depending on several factors, including the scope of services required, the complexity of the work, and the size of the firm. Generally, accounting firms charge based on hourly rates, project fees, or retainer agreements. For basic bookkeeping services, small businesses may expect to pay anywhere from RM 1000 to RM 5000 per month. For more comprehensive services such as tax preparation, financial statement preparation, and advisory services, the cost may range from RM 2000 to RM 10,000 or more per month, depending on the complexity of the work and the size of the business. It's important to note that these are estimated averages, and actual costs may vary significantly based on individual circumstances and the specific requirements of each client. It's recommended to discuss pricing details with potential accounting firms to obtain accurate quotes tailored to your needs.

Disclaimer: Our top 10 business service listings are curated based on research, user feedback, and industry standards. While we aim for accuracy, details like pricing and availability may change. We recommend independently verifying information before making decisions. Some listings may include affiliate links, which support our site. Please note that rankings are subjective and may not reflect personal experiences. Business performance can fluctuate, impacting rankings over time. Your use of this information is at your own discretion. We welcome feedback and questions. Contact us for more details. Thank you for using mybizhub.com.my.