AUDIT

An audit may be a statutory requirement for your organisation however by applying a professional approach it can also add value to your business. We aim to provide you with practical and helpful business advice through our risk based audit approach and make the necessary recommendations to improve your business functions.

Our approach is not just about performing compliance engagements to meet the requirements of corporate legislation, but encompasses the implementation of a structured and disciplined approach which evaluates and enhances your risk management as well as the governance policies of your organisation.

Audit Methodology

Continuous professional education provided to our team of accountants promotes the awareness of the changes in accounting reporting requirements and the challenges and requirements which our clients would have to face and comply with in their accounting and reporting responsibilities. Unfortunately, the growing complexity of financial reporting means that few organisations have the internal expertise to enable them prepare fully compliant statutory financial reports.
 
Our services include both outsourced accounting and back office services. The goal of our professional team will ensure that your accounting requirements are met, enabling you to focus on your core business activities.

Accounting Framework applicable to Maltese Companies

The Accountancy Profession (General Accounting Principles for Small and Medium-Sized Undertakings) Regulations (GAPSME) were introduced by way of Legal Notice 289 of 2015. The amendments to the Accountancy Profession Act came about following the transposition of the EU Accounting Directive into Maltese Law. Following the amendments to the Act, GAPSME has become the default accounting framework to be applied by small and medium-sized companies for financial periods beginning on or after 1 January 2016.

The Accountancy Profession (General Accounting Principles for Small and Medium-Sized Undertakings) Regulations (GAPSME) were introduced by way of Legal Notice 289 of 2015.