On the 11 November 2020, the Malta Financial Services Authority (the "MFSA") issued a circular to bring to the attention of issuers the latest interpretative communication by the European Commission

International Financial Reporting Standards (IFRS) are constantly evolving, providing new ways for businesses to present their financial position and performance...

The FASB and IASB have issued their long-awaited standard on revenue recognition, IFRS 15 Revenue from Contracts with Customers.

Many small businesses and self-employed individuals question whether they should keep their accounting records up to date like big businesses.

Accounting for intangible assets, particularly those that are generated internally by an entity.

Generally, all limited liability companies registered in Malta are required to prepare a set of audited financial statements every year.

Many insurance companies are in the process of finalising their first set of annual financial statements applying IFRS 17 ‘Insurance contracts' for their 2023 reports.

New and emerging technologies and accelerated digitalisation are radically changing the future of audit. At KPMG we are committed to transforming the future of audit by serving the public interest...

It is not surprising that qualitative disclosures are less popular with preparers of financial statements.

Once an iGaming operator obtains the applicable remote gaming licence and a company is up and running, one might ask, "What's next from a regulatory point of view?"

The publication of the Audit Exemption Rules, 2025 marks a meaningful update to Malta's regulatory framework for startups and small enterprises.

In Malta we have our own default accounting framework that can be used by small or medium companies known as "GAPSME", which stands for The Accountancy Profession (General Accounting Principles for Small and Medium sized entities).

There is a remarkable consensus in the IFRS world that we have a problem with disclosure but there is no consensus on what the problem is.

An insight on the reporting requirements as at 31 December 2012.

Regulators and standard-setters are thinking hard about alternative performance measures.

Welcome to this edition of "Being better informed", our monthly FS regulatory, accounting and audit bulletin.

The last decade has seen Malta emerge as the undisputed front-runner in the regulation of the online gaming industry. According to the latest MGA Annual Report, as of the end of 2022...

Almost three years after the exposure draft, the IASB published the third phase of the IFRS 9 project on hedge accounting.

The IASB has issued a discussion paper on the Conceptual Framework project.