Accountancy Board — Decision in terms of article 15(l)(b)(ii) of the Accountancy Profession Act

Accountancy Board ("the Board") — Decision in terms of article 15(l)(b)(ii) of the Accountancy Profession Act (Cap. 281)

Following the decision of the Court of Criminal Appeal of 31 July 2026 in the names Il-Pulizija (Spettur Anne Marie Xuereb) vs Nicholas sive Nikki Dimech (Appeal no: 413/2023) and the hearing held on 26 August 2026, the Accountancy Board decided on 14 September 2026 that the following sanctions / restrictions be imposed on Mr. Nikki Dimech and any firms in which he is a principal: 

(a)    Monitoring Period 

A monitoring period of three years be imposed, which period may be renewed for further periods of three years each and may be terminated at the Board' s sole discretion. 

(b)    Quality Assurance Measures 

During the monitoring period: 

•    a Quality Assurance visit shall be carried out annually; 
•    four Hot File Reviews shall be conducted each year; and 
•    a Monitoring Committee shall be established to monitor Mr. Dimech's audit practice and accountancy work, as well as that of his firm Pro Corporate Services Ltd. 

(c)    Client Restrictions 

•    Mr. Dimech may continue servicing his existing clients; and 
•    no new clients shall be onboarded during the monitoring period/s.