90 results found

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.

Many businesses treat bookkeeping as a compliance requirement, yet its real value lies in providing the financial visibility needed to make informed decisions. Accurate and timely financial records help business owners understand performance, manage risks, identify opportunities and plan confidently for growth.

On 13th September 2023, the European Commission (Commission) proposed certain amendments to Directive (EU) 2013/34 (Accounting Directive) in order to amend the thresholds in the Accounting Directive...

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?"

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.

On the 25th of March 2020, Malta Financial Services Authority ('MFSA') updated the Virtual Financial Assets ('VFA') Rulebook FAQs.

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.

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

The change to the definition of control in IFRS 10, Consolidated Financial Statements ["IFRS 10"] is expected to have a significant effect on the investment management industry.

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

A discussion on the debate and progress of the IASB Conceptual Framework project.

The comment letters on the IASB and FASB’s joint exposure draft on leases raise many concerns about the boards’ proposals.