Audit Malta
Requirements.
Generally, all limited liability companies registered in Malta
are required to prepare a set of audited financial statements every
year. These audited financial statements will also be required for
the purpose of the preparation of the income tax return to be filed
on an annual basis.
Article 4(1) of the Accountancy Profession Regulations, 2016
states that audits and review engagements, may only be carried out
by an individual, in his name or on behalf of an audit firm,
holding a practicing certificate in auditing issued in terms of
article 4 of the Act.
Appointment of auditors:
The company shall, at each annual general meeting at which the
financial statements are presented, appoint an auditor to hold
office from the conclusion of that meeting until the conclusion of
the next general meeting.
