In terms of the Companies Act, some types of Maltese companies are exempted from audit, however no exemptions are stipulated by the Income Tax Management Act. Every Maltese limited liability company is required to audit its annual financial statements.

FF International assists clients to coordinate their annual financial audit. 

We believe that our approach is the most correct approach since the team entrusted with the preparation of the accounts should be independent from the auditors of the company. 

By coordinating the audit, we also advice clients on the type and profile of auditor which is most suitable for their company. 

We also act as an oversight to ensure that the audit is concluded in a timely manner to avoid any unnecessary penalties for late filing. 

We advise clients on the type and nature of the supporting documentation which are typically required at audit stage. 

Our audit coordination approach also removes any conflicts of interest which might arise if and when the auditors are preparing the accounts or giving advice on tax sensitive issues.