Audits represent the activity of financial auditors to express an opinion on the financial statements of a company or their components, the exercise of other insurance assignments as well as professional services according to the international audit standards and other regulations provided by the Maltese legislation.
The purpose of financial audit is to provide assurance that the financial statements that are being analyzed are complete and are performed correctly and that economic operations have been performed in accordance with applicable laws. The auditor should perform certain specific activities in the financial auditing process, such as evaluation of the system that records and processes the transactions of the audited company, assessing how the information required to complete the annual financial statement is provided and assessment of the internal control system.
SIGTAX Ltd. is specialized in performing audits for companies in Malta, which provide the necessary insight into the real financial status of a business, which is an important component of the decision making process. According to the Maltese legislation, limited liability companies are required to acquire the services of an independent and certified auditor, in order to provide a professional and objective opinion regarding their financial statements. We use the principles of consistency, insight, technical experience, focus and involvement for all audits conducted for our clients in Malta.
The overall objective of an audit is to provide assurance that the financial statements examined are complete and accurate and that the economic operations have been performed in accordance with the relevant laws and regulations in force. Achieving this goal under conditions of absolute certainty, even if it is feasible, involves expensive activities. To reduce these costs, however, there is a possibility to carry out tests. In this context the auditors, through their reports, seek to provide reasonable assurance that the financial statements examined are complete and prepared in accordance with the relevant laws and regulations in force.
Our team is able to identify possible risks and weaknesses through careful analysis of financial records and open, transparent communication with our clients. We have the resources, the know-how and the experience of working with clients operating in several industry sectors in Malta to be able to adapt and keep up with the legislative changes that have an impact on certain types of business structures or industries.
Entrepreneurs interested in opening a company in Malta, investors, foreign companies and other stakeholders can rely on the highly professional audit services provided by SIGTAX Ltd. Due to a well-developed network of local collaborators and experts that are working with us, we are able to assist you in type of audit related matters, regardless if they are simple or complex.