Top 10 Auditors in Malaysia
Auditor is one of the most important aspect in monitoring listing companies, playing the check and balance role to ensure the integrity of their financial report. Unfortunately, most of the investors are not paying any attention to the role of auditor for listed companies.
We will list down the most popular auditors in Malaysia, based on the number publicly traded companies that they audit in the financial year 2014-2016. There are total of 874 listed companies employ the top 10 auditors listed below:
Ernst & Young came out first on the Malaysia Top 10 Auditors as they grab 161 out of the 874 listed companies here. Besides number of customers, their revenue growth is also the highest at the rate of 11.6% in 2015.
Ernst & young is growing and moving forward and it working through new audit regulations around the world. Ernst & Young through provide services complement its audit capabilities and improving the performance and value of the global business.
Clients: MAYBANK, PBBANK, AMBANK, DRBHCOM, MISC, MBSB, SKPETRO, BJCORP, AIRPORT, UMW
Overall rating: 7.64
Average audited account completion: 111 days
KPMG is at the second place, with 127 companies in its bag. KPMG is a professional service company, being one of the Big Four auditors, along with Deloitte, EY and PWC.
In the year of 2015, KPMG enjoyed a strong growth of review to USD 24.44 billion and increase 8.1% in local currency over the prior year. Their strategy of concentrating on industry-and country-specific knowledge helps them to deliver exceptional people with an intimate knowledge of their clients’ specific business problem, as well as an overriding commitment to service excellence.
Clients: BIMB, IHH, PCHEM, MALAKOF, BKAWAN, KLK, PETGAS, ALLIANZ, ORIENT, PERDAG
Overall rating: 7.60
Average audited account completion: 111 days
Crowe Horwath comes at the 3rd place with 99 listed companies on its customer list. In their latest financial year ended on March 31 2016, they have USD745.2 million in revenue globally.
Crowe Horwath is the eighth-largest accounting firm in US, according to Accounting Today’s 2015 Top 100 Accounting Firms rankings. Crowe Horwath provides consistent quality and impeccable service to diverse clientele through the world.
Clients: MUHIBAH, RSAWIT, KINSTEL, PRTASCO, FAVCO, MFCB, HUATLAI, SUNSURIA, PERWAJA, CBIP
Overall rating: 6.89
Average audited account completion: 117 days
Baker Tilly International is one of the world’s leading networks of an independently owned and managed accountancy and business advisory firms united by a commitment to provide exceptional client service. In Malaysia, they are serving 69 listed companies as their auditor.
Baker Tilly is an independent member of Baker Tilly International of the 8th largest accountancy and business advisory network in the world with combined income excess of US 3 billion. Through their partnership with Ferrier Hodgson, part of the globally renowned Ferrier Hodgson Group and they also deliver comprehensive forensic accounting and corporate advisory services that go above beyond that of other firms.
Client: ECOWLD, BPURI, PLENITU, TALAMT, EVERGRN, CRESBLD, IRIS, MENANG, TITIJYA, MITRA
Overall rating: 6.80
Average audited account completion: 118 days
BDO ranked the 5th place here with 61 listed companies using their services. They have invested significantly to build a formidable pool of highly trained, qualified and experience personnel. BDO is one of the most popular graduate employers and also on the list of Malaysia’s 100 Leading Graduate Employers.
BDO is the world’s fifth largest network of professional firms providing audit and also extend its services to companies in Malaysia. The total combined income for the year ended 30 September 2015 was $7.3bn, up 12.95% from the previous year of the international accounting network.
Client: SUNWAY, IOI, OSK, DIALOG, PJDEV, STAR, GCB, PELIKAN, BENALEC, SDRED
Overall rating: 7.20
Average audited account completion: 113 days
PricewaterhouseCoopers is the one of the Big Four auditors, along with Deloitte, EY and KPMG. Other than that it also is a multinational professional services network headquartered in London. It bags 56 companies trading Bursa as their customer, hence ranking 6th place on our list.
PWC’s revenue had increased 10% to $35.4bn of their global annual revenue, which represent its strongest growth in 10 years. Overall revenues represented a marked increase 10% from previous year. Their reputation for quality of their commitment to outstanding client service is testament to the hard work of all of our people. PWC has made in recruiting the best people in their strongest growth for eight years of significant the investment. Global headcount grew 6% to more than 208,000 people.
Client: CIMB, RHBCAP, HLFG, HLBANK, TENAGA, GENTING, AFFIN, SIME, AXIATA, AFG
Overall rating: 7.71
Average audited account completion: 108 days
Deloitte Malaysia called 53 listed companies on Bursa Malaysia their customers and rank 7th on our Malaysia Top 10 Auditors list.
For the fifth continuously year, Deloitte has been recognized as the global leader in consulting services by multiple analyst organizations. It has in the region of 210,000 professionals, committed to a single vision: to become the standard of excellence.
Client: MAHSING, LAFMSIA, LIONIND, BJASSET, TALIWRK, SENDAI, MKH, ANNJOO, MBMR, WTK
Overall rating: 7.19
Average audited account completion: 116 days
UHY is the brand name for the UHY international network. Their member firms provide unified cross-border teams with expertise country. UHY Malaysia is a subsidiary of Urbach Hacker Young International Limited and is the 8th of the top auditors in Malaysia with 47 listed companies chose UHY.
Internationally, UHY is the 25th largest auditor firm and in 2012 has over 7,100 staff generated an aggregate income of US$622 million revenue. The firm provides who are looking for career development and growth the great opportunities.
Client: LBS, KBUNAI, INCKEN, MPCORP, HOHUP, DESTINI, ASIABRN, UNIMECH, SYF, FARMBES
Overall rating: 6.78
Average audited account completion: 118 days
SJ Grant Thornton is a member of Grant Thornton International Ltd that operates in Malaysia. On our list of Malaysia Top 10 Auditors here, they are number 9, with 38 customers that are publicly listed companies on Bursa Malaysia.
People are the biggest and most important asset of Grant Thornton. They concentrate on making a difference to clients, colleagues and the communities in which they live and work. They can be attributed to the dedication and teamwork from all levels from their success and reputation today.
Client: INSAS, MUDA, HEKTAR, INARI, PANTECH, SUMATEC, SNTORIA, PESTECH, AYS, AASIA
Overall rating: 6.72
Average audited account completion: 117 days
Grant Thornton is the sixth largest accounting network in the world by combined fee income and the American member firm of Grant Thornton international. It serving 19 listed companies here in Malaysia, making itself to the bottom of our list of Malaysia Top 10 auditors, just below its associate, SJ Grant Thornton (both have different Auditor license).
Grant Thornton produces annual revenue in excess of US$1.45 billion. They are constantly evolving and developing their clients and over the last three years they are the fastest growing large accounting organisation. In conclusion, these are the Top 10 Auditors that favoured by the listed companies on Bursa Malaysia.
Client: PBA, TSTORE, CHINWEL, PWF, SEAL, MAGNI, PLB, PPHB, PRLEXUS, LUSTER,
Overall rating: 7.23
Average audited account completion: 118 days
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