Audit and Assurance

Statutory Audit

All entities, including companies, limited liability partnerships and charities, that meet certain criteria, such as being above a certain size or of public interest, are required by law to have their financial statements audited. Others for various reasons, including agreement with shareholders to fulfill financing requirements, may also require an audit.

We work hard to develop a deep understanding of each of our clients, allowing us to not just look at the numbers but to explore their implication on the business. Every audit we deliver is bespoke to each client, allowing us to provide proactive advice around the issues they face.

During the audit we will collate control, efficiency and business improvement recommendations for the benefit of our clients, allowing us to provide solutions to problems and avoid issues in the future.

We work with our clients to ensure that they are able to fulfil their statutory obligations and file audited accounts in a timely manner.

We aim to give our clients excellent service delivery and strong client relationships. This is supported through a regular programme of independent partner reviews and client feedback.

We are able to provide audit services for most companies regardless of their size or industry and have dedicated specialist sector teams who provide our clients with relevant sector specific knowledge, experience and commercial insight.

All Malta companies require their audits to be completed in line with International Standards of Auditing with accounts being prepared under Malta GAPSE or International Financial Reporting Standards.

Non Statutory Audit

Businesses may require an audit report on financial statements which do not fall under the requirements of a statutory audit under the Malta Companies Act

We can provide a report on:

• Whether a component of a set of financial statements are prepared in accordance with the basis of accounting.
• If particular provisions of a contractual agreement, such as a loan agreement, have been complied with.
• The internal controls over the financial reporting process.
• Business plans
• Due diligence reports
Our report will provide an independent opinion on these aspects to meet regulatory and other stakeholder requirements.

Our services are carried out by the following entities:
Trustforte Fiduciary Ltd, is a company incorporated in Malta and authorised by the Malta Financial Services Authority to act as: a professional Trustee in terms of the Trust and Trustees Act; an administrator of foundations in accordance with the Second Schedule to the Civil Code; and a service provider of other fiduciary services.

Core Audit & Assurance Ltd is a company incorporated in Malta and approved by the Accountancy Board under the provisions of the Accountancy Profession Act to provide accounting and audit services.