BENCHMARK AUDIT FEE

GROSS
VALUE

37,500
43,800
50,000
56,300
62,500
68,800
75,000
81,300
87,500
93,800
100,000
114,300
128,600
142,900
150,000
157,100
171,400
185,700
200,000
214,300
228,600
242,900
250,000
260,000
280,000
300,000
320,000
340,000
360,000
380,000
400,000
420,000
440,000
460,000
480,000
500,000
533,300
566,700
600,000
633,330
666,700
700,000
733,300
766,700
800,000
833,300
866,700
900,000
933,300

AUDIT
FEE
(RM)

300
350
400
450
500
550
600
650
700
750
800
850
900
950
975
1,000
1,050
1,100
1,150
1,200
1,250
1,300
1,320
1,350
1,400
1,450
1,500
1,550
1,600
1,650
1,700
1,750
1,800
1,850
1,900
1,950
2,000
2,050
2,100
2,150
2,200
2,250
2,300
2,350
2,400
2,450
2,500
2,550
2,600

AUDIT
FEE
2010
(RM)

800
800
800
800
800
800
800
800
800
800
1,000
1,063
1,125
1,188
1,220
1,251
1,314
1,376
1,439
1,502
1,564
1,627
1,653
1,691
1,753
1,816
1,878
1,941
2,004
2,066
2,129
2,191
2,254
2,316
2,379
2,444
2,507
2,569
2,632
2,695
2,757
2,820
2,883
2,945
3,008
3,071
3,133
3,196
3,259

GROSS
VALUE

966,700
1,000,000
1,050,000
1,100,000
1,150,000
1,200,000
1,250,000
1,300,000
1,350,000
1,400,000
1,450,000
1,500,000
1,550,000
1,600,000
1,650,000
1,700,000
1,750,000
1,800,000
1,850,000
1,900,000
1,950,000
2,000,000
2,050,000
2,100,000
2,150,000
2,200,000
2,250,000
2,300,000
2,350,000
2,400,000
2,450,000
2,500,000
2,562,500
2,625,000
2,687,500
2,750,000
2,812,500
2,875,000
2,937,500
3,000,000
3,062,500
3,125,000
3,187,500
3,250,000
3,312,500
3,375,000
3,437,500
3,500,000
3,562,500

AUDIT
FEE
(RM)

2,650
2,700
2,750
2,800
2,850
2,900
2,950
3,000
3,050
3,100
3,150
3,200
3,250
3,300
3,350
3,400
3,450
3,500
3,550
3,600
3,650
3,700
3,750
3,800
3,850
3,900
3,950
4,000
4,050
4,100
4,150
4,200
4,250
4,300
4,350
4,400
4,450
4,500
4,550
4,600
4,650
4,700
4,750
4,800
4,850
4,900
4,950
5,000
5,050

AUDIT
FEE
2010
(RM)

GROSS
VALUE

3,321
3,384
3,447
3,509
3,572
3,635
3,697
3,760
3,823
3,885
3,948
4,000
4,063
4,125
4,188
4,250
4,313
4,375
4,438
4,500
4,563
4,625
4,688
4,750
4,813
4,875
4,938
5,000
5,063
5,125
5,188
5,250
5,313
5,375
5,438
5,500
5,563
5,625
5,688
5,750
5,813
5,875
5,938
6,000
6,063
6,125
6,188
6,250
6,313

3,625,000
3,687,500
3,750,000
3,812,500
3,875,000
3,937,500
4,000,000
4,062,500
4,125,000
4,187,500
4,250,000
4,312,500
4,375,000
4,437,500
4,500,000
4,582,500
4,625,000
4,687,500
4,750,000
4,812,500
4,876,000
4,937,500
5,000,000
5,066,700
5,133,300
5,200,000
5,266,700
5,333,300
5,400,000
5,466,700
5,533,300
5,600,000
5,666,700
5,733,300
5,800,000
5,866,700
5,933,300
6,000,000
6,066,700
6,133,300
6,200,000
6,266,700
6,333,300
6,400,000
6,466,700
6,533,300
6,600,000
6,666,700
6,733,300

AUDIT
FEE
(RM)

5,100
5,150
5,200
5,250
5,300
5,350
5,400
5,450
5,500
5,550
5,600
5,650
5,700
5,750
5,800
5,850
5,900
5,950
6,000
6,050
6,100
6,150
6,200
6,250
6,300
6,350
6,400
6,450
6,500
6,550
6,600
6,650
6,700
6,750
6,800
6,850
6,900
6,950
7,000
7,050
7,100
7,150
7,200
7,250
7,300
7,350
7,400
7,450
7,500

AUDIT
FEE
2010
(RM)

6,375
6,438
6,500
6,563
6,625
6,688
6,750
6,813
6,875
6,938
7,000
7,063
7,125
7,188
7,250
7,313
7,375
7,438
7,500
7,563
7,625
7,688
7,771
7,834
7,896
7,959
8,022
8,084
8,147
8,210
8,272
8,335
8,398
8,460
8,523
8,586
8,648
8,711
8,774
8,836
8,899
8,962
9,024
9,087
9,150
9,212
9,275
9,338
9,400

GROSS
VALUE

6,800,000
6,866,700
6,933,300
7,000,000
7,066,700
7,133,300
7,200,000
7,266,700
7,333,300
7,400,000
7,466,700
7,533,300
7,600,000
7,666,700
7,733,300
7,800,000
7,866,700
7,933,300
8,000,000
8,068,700
8,133,300
8,200,000
8,266,700
8,333,300
8,400,000
8,466,700
8,533,300
8,600,000
8,666,700
8,733,300
8,800,000
8,856,700
8,933,300
9,000,000
9,066,700
9,133,300
9,200,000
9,266,700
9,333,300
9,400,000
9,466,700
9,533,300
9,600,000
9,666,700
9,733,300
9,800,000
9,866,700
9,933,300
10,000,000
>10,000,000

AUDIT
FEE
(RM)

7,550
7,600
7,650
7,700
7,750
7,800
7,850
7,900
7,950
8,000
8,050
8,100
8,150
8,200
8,250
8,300
8,350
8,400
8,450
8,500
8,550
8,600
8,650
8,700
8,750
8,800
8,850
8,900
8,950
9,000
9,050
9,100
9,150
9,200
9,250
9,300
9,350
9,400
9,450
9,500
9,550
9,600
9,650
9,700
9,750
9,800
9,850
9,900
9,950
NEGOTIABLE

Table 1 : Main Amendments to the revised RPG 7

Existing Guides
A professional fee of less than RM500
for audit services shall be considered as
an unrealistically low professional fee

Revised Guides
A professional fee of less than RM800
for audit services shall be considered as
an unrealistically low professional fee

i) The Fee co-efficient is to be increased by 25% with a possibility of increase by another 25% in 2 years times
ii) The scale fees is expanded to cover companies with gross assets and turnover of up to RM20 million.
The fee increase is RM1,000 for every turnover or gross asset band of RM1 million or part thereof
Notes:
1. EFFECTIVE ON MARCH 2010
2. MIA RECOMMENDS THAT IT IS APPROPRIATE TO DETERMINE AUDIT FEES USING THE TOTAL ASSETS OR GROSS TURNOVER BASIS AS SHOWN AS ABOVE
3. GROSS VALUE MEANS THE HIGHER OF GROSS TURNOVER OR TOTAL ASSETS
4. NON ACTIVE COMPANY : RM600 PER YEAR
5. GROSS VALUE 10,000,000 - 20,000,000 : RM1,000 FOR EVERY RM1 MILLION INCREASE OR A FRACTION THEREOF UP TO RM20 MILLION
6. GROSS VALUE > 20,000,000 : NEGOTIABLE (BUT SHOULD NOT BE LESS THAN RM20,000 PER ASSIGNMENT)

AUDIT
FEE
2010
(RM)

9,463
9,526
9,588
9,651
9,714
9,776
9,839
9,902
9,964
10,027
10,090
10,152
10,215
10,278
10,340
10,403
10,466
10,528
10,591
10,654
10,716
10,779
10,842
10,904
10,967
11,030
11,092
11,155
11,218
11,280
11,343
11,406
11,468
11,531
11,594
11,657
11,719
11,782
11,845
11,907
11,970
12,033
12,095
12,158
12,221
12,283
12,346
12,409
12,471
NOTES