Statutory Audit
The Malta Companies Act obliges both private and public companies to file a copy of their annual, audited financial statements with the Malta Business Registry. Statutory/External/Financial audits are required to ensure that a company’s financial statements give a true and fair view of the financial position and performance of the entity. The financial statement also need to adhere to recognised local and international standards for accounting and audit.
At Capstone our inhouse Audit and Assurance firm, Capstone Assurance Ltd, can provide full statutory audit services with our staff compliment having a wide breath of experience in all industries that the Maltese jurisdiction caters for. As an integral part of our audit we will report on any weaknesses that we may encounter particularly in the area of internal controls and the prevention and detection of fraud. The audited financial statements must include a report made out to the shareholders of the company by the independent auditor giving his opinion on whether the Financial Statements are true and fair in all material respects.
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What our clients say
“The services of Capstone Assurance have been invaluable to our group of companies. They have provided us with Tax and Audit services since the very beginning. Although Capstone Assurance Ltd primarily handles our audit work, they have assisted us with several other specific projects and are fully committed to keeping us moving in the right direction. In addition to being extremely knowledgeable about our business and industry, their client service is exceptional.”
Lina Pecorella, CFO at Rootz LTD
“Cannot speak highly enough of the professional service given by Capstone. Equipped with knowledgeable, professional, down to earth staff which are always available with any financial query put forth. The audit for both our companies has been a smooth process which saved us valuable time in order for us to focus on our core business objectives.”
Joseph Rizzo, Concorde International Freight Forwarders Ltd
“Working with Capstone as auditors has been a pleasant professional experience for us. Their industry knowledge and expertise, and their attention to detail in critical areas, saved us invaluable time and made the audit process exceptionally smooth. It is thanks to Capstone’s commitment that we managed to meet our deadlines and that quality financial statements were prepared. It is a pleasure working with a team that combines industry expertise with the highest standards of professionalism.”
Darryl Cassar, Finance Manager at Hero Gaming
“Having worked as an auditor and also being on the other side, to be audited, you have a set conception of what you expect from the auditor. I must say, in my 37 years of corporate dealings, meeting with investment bankers, external auditors, Internal auditors, and tax accountants, it has been a very humbling experience working with the team from Capstone. Their dedication to the work, and the methods in which they work together with our team to maintain the necessary quality standards to meet statutory regulatory requirements, and also their recommendations in making the accounting process more efficient and easier for audit has been great. Capstone’s provision of services has been second to none and their insight has made the regulatory audit work an interesting one.”
Michael Ta, Chief Financial Officer at Elitavia