Apart from being a statutory requirement for companies formed in reputable countries (including Malta in terms of the Maltese Companies Act), the maintenance of proper accounting records and their verification through annual audits enables businesses to monitor their performance, compare results with budgets and industry benchmarks, as well as to take the necessary steps to build on strengths and rectify weaknesses before it is too late.
Our accounting arm offers a complete range of services suitable for organisations of different sizes, sector and structure. Our services include:
Auditing, which encompasses accounting assurance services based on the International Standards of Auditing, as well as the issuance of audit opinions on financial statements prepared in accordance with the International Financial Reporting Standards.
Management Reports, which are based on periodic management accounts summarising the salient financial results and facilitating management’s understanding of financial performance. Management reports typically include the use of Key Performance Indicators (KPIs) based on the nature of the activity of the organisation and tailored to the needs of the management team. Management reports can be also prepared for specific departments or distinct activities within the organisation.
Payroll, which entails the computation of periodic salaries and the filing of the relevant documents with the Inland Revenue Department (IRD) and the Employment and Training Corporation (ETC).