Frequently Asked Questions

Categories


openclose
What is the procedure in regard to the imposition of regulatory penalties?
openclose
What happens if the firm does not agree to a breach of Directive 4?
openclose
How should the notice of the breach reach the firm?
openclose
What are the maximum penalties that can be imposed by way of quality assurance regulatory penalties?
openclose
Clarification of the definition ‘principal’
openclose
Implications on Professional Indemnity Insurance
openclose
Implications on the Quality Assurance Regulatory Fee
openclose
The Requirements – Certified Public Accountant
openclose
The Requirements – Practising Certificate Holder
openclose
Registration of an approved auditor in another Member State in Malta
openclose
Application Process
openclose
I am qualified to act as an accountant outside Malta; can I be granted a warrant to practise in Malta for a limited period of time or for a specific purpose?
openclose
Does the accounting/auditing experience need to be continuous to qualify for a warrant?
openclose
I have attained ACCA qualification. Is this enough to be recognised as a full academic qualification in processing my application for a warrant?
openclose
What experience do I need to be able to apply for a warrant?
openclose
I work within Government (e.g. IAID, NAO, TCU, Internal Audit – Central Bank, Budget Office, etc). Are there special rules applicable to my application for a practising certificate in auditing?
openclose
I am employed within a private internal audit function. Would this experience count towards the attainment of a practising certificate in auditing?
openclose
What documentation does one need to submit with the application form?
openclose
Who can act as my referee?
openclose
How do I certify my accounting / auditing experience?
openclose
Is a fee charged upon application?
openclose
After attaining warrant, are there any requirements necessary to keep my warrant and/or practising certificate in auditing?
openclose
Do I need to inform the Accountancy Board about certain changes in my standing data?
openclose
Warrant to practice as an accountant
openclose
Registration of Third-Country Auditors and Audit Entities that provide an audit report concerning the financial statements of a company incorporated outside the EU
openclose
The Requirements – Certified Public Accountant
openclose
Registration of Third-Country Auditors and Audit Entities that provide an audit report concerning the financial statements of a company incorporated outside the EU
openclose
The Requirements- Firms
openclose
The Requirements -Formation of Accountancy Firms
openclose
The Requirements -Formation of Audit Firms
openclose
Are firms required to pay an annual registration fee?
openclose
Do I need to inform the Accountancy Board about certain changes in my standing data?
openclose
Is a fee charged upon application?
openclose
Application Process
openclose
Who is required to have professional indemnity insurance?
openclose
How can I ensure that my practice/firm as set out in Article 11 of the APA is adequately covered as required by law?
openclose
Who is exempted from the requirement of having professional indemnity insurance?
openclose
What information should I provide the Accountancy Board in respect to my professional indemnity insurance coverage?
openclose
What are the penalties for failure to comply with Article 11 of the Accountancy Profession Act dealing with professional indemnity insurance?
openclose
The Requirements
openclose
What should the transparency report include?
openclose
Who must sign the transparency report?
openclose
Who must sign the transparency report?
openclose
Do third-country auditors and third-country audit entities need to publish an annual transparency report?
openclose
What is the meaning of a public-interest entity?
openclose
Introduction
openclose
Services which may only be provided by a warrant holder
openclose
Professional Indemnity Insurance
openclose
If I advertise my firm as providing accounting services as one of the services provided do I need to register with the Accountancy Board?
openclose
I am a warrant holder registered with the Board as a sole practitioner. I also have a firm providing solely book-keeping services.
openclose
I am a warrant holder registered with the Board as a sole practitioner. I own SP Accounting Services Ltd, which does not provide accounting services. Do I need to register my company with the Board?
openclose
I am not a warrant holder but own SP Accounting Services Ltd, which does not provide accounting services. Do I need to register my company with the Board?
openclose
The Requirements in respect of the Annual Return
openclose
Who is required to fill in and submit the annual return?
openclose
By when and to whom do I need to submit my filled in and completed annual return to?
openclose
Who will have access to the information disclosed by the warrant holder in the annual return?
openclose
What regulatory penalties could be imposed by the Accountancy Board if the annual return is not submitted on time or is incomplete or materially inaccurate?
openclose
What should be done in the case where it is impossible or impractical for the warrant holder or firm to comply with the Directive?
openclose
Introduction
openclose
Applicability
openclose
Effective date
openclose
Minimum CPE Requirements
openclose
CPE Exemptions
openclose
Re-entry Into The Profession Following A CPE Exemption
 
CopyrightDisclaimerPrivacy PolicyAccessibilityHelpSitemap