Quotation Estimate Auditor in Malaysia Kuala Lumpur –Free Word Template Download with AI

Quotation Estimate No: QTE-2025-KL-0847
Date of Issue: 15 June 2025
Valid Until: 15 July 2025 Prepared For:
Client Name: [Client Company Name] Sdn. Bhd.
Address: [Client Address], Malaysia Kuala Lumpur
Attention: [Contact Person], Finance Director 1. Purpose of This Quotation Estimate

This Quotation Estimate is issued by Meridian Audit & Advisory Sdn. Bhd. (hereinafter referred to as "the Auditor") to provide a comprehensive and transparent breakdown of professional fees for statutory audit, tax compliance, and advisory services to be rendered in Malaysia Kuala Lumpur. This document serves as a formal Quotation Estimate outlining the scope of work, deliverables, timelines, and associated costs for the engagement of our Auditor team for the financial year ending 31 December 2025. All rates quoted herein are exclusive of 8% Goods and Services Tax (GST) or 6% Sales Tax as applicable under the current tax regime in Malaysia Kuala Lumpur.

2. Scope of Auditor Services

The Auditor engagement encompasses the following professional services to be conducted in accordance with Malaysian Financial Reporting Standards (MFRS), International Standards on Auditing (ISA) as adopted by the Malaysian Institute of Accountants (MIA), and the Companies Act 2016 of Malaysia:

No.	Description of Service	Duration	Professional Fee (RM)	Remarks
1	Statutory Audit of Annual Financial Statements (MFRS-compliant)	6 weeks	45,000.00	Includes fieldwork, review, and reporting in Malaysia Kuala Lumpur
2	Internal Control Assessment & Risk Advisory	3 weeks	22,500.00	On-site at client premises, Malaysia Kuala Lumpur
3	Tax Compliance Review (Income Tax Act 1967)	2 weeks	12,000.00	Corporate tax filing support
4	Management Letter & Remediation Follow-up	1 week	8,500.00	Delivered to Board of Directors
5	Interim Review (Half-Year Financials)	2 weeks	15,000.00	Q2 2025 interim statements
6	Ad-hoc Consultation & Regulatory Liaison (SC, BNM, LHDN)	Ongoing	5,000.00	Up to 40 hours; excess at RM 250/hr
Subtotal (Professional Fees)			RM 108,000.00
Estimated Out-of-Pocket Expenses (Travel, Accommodation, Printing)			RM 4,500.00	Within Malaysia Kuala Lumpur metro area
Estimated Total (Excluding Tax)			RM 112,500.00
Sales Tax @ 6%			RM 6,750.00	As per LHDN regulations
GRAND TOTAL (Inclusive of Tax)			RM 119,250.00

3. Terms and Conditions of This Quotation Estimate

This Quotation Estimate is valid for thirty (30) calendar days from the date of issue. Beyond this period, the Auditor reserves the right to revise fees based on prevailing market conditions in Malaysia Kuala Lumpur.
Payment terms: 40% upon execution of the engagement letter, 40% upon completion of fieldwork, and 20% upon issuance of the final audit report. All payments are due within fourteen (14) days of invoice date.
The Auditor shall maintain strict confidentiality in accordance with the Personal Data Protection Act 2010 (PDPA) and the professional code of ethics of the Malaysian Institute of Accountants.
All work shall be performed by qualified Auditor professionals registered with the MIA and holding valid practising certificates. The engagement partner shall be a Chartered Accountant (M) with a minimum of fifteen (15) years of experience in Malaysia Kuala Lumpur.
Any additional services beyond the scope outlined in this Quotation Estimate shall be subject to a separate written amendment and additional fees at the Auditor's standard hourly rate of RM 250.00 per hour.
The Auditor shall not be liable for any consequential losses arising from the client's failure to provide timely access to records, personnel, or premises in Malaysia Kuala Lumpur.
This Quotation Estimate does not constitute a binding contract until a formal Engagement Letter is executed by both parties.
Governing law: The laws of Malaysia. Any disputes shall be resolved through arbitration in Malaysia Kuala Lumpur under the rules of the Asian International Arbitration Centre (AIAC).

4. Acceptance and Authorization

By signing below, the client acknowledges receipt of this Quotation Estimate and agrees to the terms set forth herein for the engagement of the Auditor services in Malaysia Kuala Lumpur.

For and on behalf of Meridian Audit & Advisory Sdn. Bhd. (The Auditor)
Name: ___________________________
Designation: Engagement Partner
Date: ___________________________ For and on behalf of [Client Company Name] Sdn. Bhd.
Name: ___________________________
Designation: _______________________
Date: ___________________________ ⬇️ Download as DOCX Edit online as DOCX

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