Audit Coordination In Malta

Businesses are legally and regulatorily required to prepare and submit audited financial statements to the Malta Business Registry (MBR) on an annual basis, unless they qualify for an audit exemption, in which case a different process applies.

The audit must be conducted by a qualified auditor holding a valid warrant issued by the Maltese Accountancy Board and must be carried out in accordance with the applicable International Standards on Auditing (ISAs).

Audit Cordination

Audit Coordination Support

Papilio Services do not offer audit services. However, we assist our clients in Malta the audit co-ordination process leading up to the audit and introduce you to local partners who can assist in the audit process.

By having the audit done by a third party, the client can have added comfort that an independent check is being made on the bookkeeping and financials. It also serves as a good control mechanism.

We can further support our clients by ensuring the bookkeeping is to an audit standard, documentation is prepared and kept in an orderly way and pre-empt any likely audit concern / risk points that may arise during the process to ensure the audit process is an efficient one. Acting as a facilitator between the auditor and your business we can save the client time and expense. We will answer all the auditor’s questions, and only referring to you if there is the necessity. This ensures that the audit is carried out quickly and efficiently, as well as making sure that the financial statements are submitted on time.

Audit Preparation - The Value

We can ensure the Malta accounting services are done correctly at the first time of asking with relevant supporting documentation kept in an orderly and clear manner can save lots of time during the audit process and ensure that audit enquiries and potential problems can be kept to a minimum. Contact us today to arrange a consultation for your business.

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For more information about how Papilio Services can support you and your business simply complete the form below and one of our team will be in touch within 48 hours.