Could your company skip the statutory audit?
Since financial years commencing 1 January 2025, SSM Practice Directive 10/2024 lets certain private companies lodge unaudited financial statements instead of a full audit. Dormant companies qualify automatically; others qualify by meeting at least two of the three thresholds below, assessed over the current and two preceding financial years.
Eligible companies still need board-approved unaudited financial statements, a directors' certificate and statutory declaration lodged with SSM within 30 days of circulation to members — we prepare and lodge the full package for you.