The Audit Exemption Rules (L.N. 139 of 2025), published on the 15th of July 2025, introduce a regulatory framework that eases compliance costs for certain categories of companies in Malta by reducing or eliminating statutory audit requirements.

The Malta Financial Services Authority (‘MFSA'), following consultation with the Malta Digital Innovation Authority (‘MDIA')...

In the dynamic landscape of modern business, navigating the myriad of regulations and standards is essential for sustained success.

The rapid advancement of Artificial Intelligence (AI) is revolutionising industries worldwide, and internal audit is no exception.

Outsourced accounting services can play a critical role in helping you reach your business goals.

The International Accounting Standards Board has issued IFRS 20 Regulatory Assets and Regulatory Liabilities, a new standard that will fundamentally change how rate-regulated entities recognize and measure regulatory timing differences.

As from January 2021 the methodology of how the wage supplements are being calculated has been significantly revised.

The role of Board committees has significantly evolved during past years as a direct consequence of ever-increasing regulation, lessons learned, and the wide array of complex...

The 2025 Audit Exemption Rules L.N.139 of 2025, repealing the Audit Report Waiver and Deduction Rules S.L.372.29, introduce new rules for newly incorporated companies...

On 11 January 2024, in ‘AB Volvo v Transsaqui SL', AG Szpunar handed down his opinion ("AG Szpunar's Opinion") on the applicability (or rather the lack thereof) of the single economic...

For each accounting period, the directors of a company are responsible to prepare individual accounts comprising the balance sheet as at the last day of the accounting period, ...

The IASB has amended IAS 16 and IAS 38 to clarify when a method of depreciation or amortisation based on revenue may be appropriate.

In the world of auditing, the tasks can often feel like a relentless onslaught of data, systems, and repetitive tasks.

Our core business activity is the formation, management, and day-to-day administration of Malta companies, which include company administration, international tax planning advice...

Generally, cryptoassets, including cryptocurrencies such as Bitcoin, are transferrable digital assets which utilise DLT to verify and secure transactions without the intervention of any middleman, that is, a decentralised structure.

The internal audit profession is experiencing a significant transformation, shaped by broader regulatory expectations causing a shift from a compliance driven approach to strategic, value driven outcomes.

The Global Internal Audit Standards state that Internal auditors must encourage and promote an ethics-based culture in the organisation.

Statutory accounts serve their purpose. They meet regulatory requirements and provide a snapshot of past financial performance.

There are times when winding up a company is the right step. Whether it's part of a group restructuring, the closure of a dormant entity, or a planned exit, voluntary liquidation requires proper preparation.

The Maltese Government has enacted Legal Notice 139 of 2025 — the "Audit Exemption Rules, 2025", under the Income Tax Management Act (Cap. 372) (ITMA).