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While many see this as just an additional onerous requirement imposed by law, we make sure that this service comes with added value by providing a professional, independent and unbiased opinion on your business’ financial situation.

More detailed overview and key aspects:

Our auditing and assurance services, whether external or internal, comprise a meticulous review of your financial records, providing assurance to stakeholders about the accuracy and compliance of your financial statements.  By using the right technology and knowhow we can identify risks and offer valuable recommendations for improvement.  In today’s world audits have become ever complex, yet, the stakeholders having an interest into them has also increased.  Besides giving the necessary comfort to management, our opinion would be also considered by institutions such as banks, governments and authorities.

At NCMB, we approach an audit engagement as a collaborative effort aimed at strengthening your financial governance and ensuring transparency. Our service will not only fulfil regulatory requirements but also provide you with valuable insights to enhance your financial management practices.

Some key aspects of our auditing services:

Our audit team and technology conduct an impartial assessment of your financial statements, identifying discrepancies, irregularities, and potential risks. We ensure that your financial information accurately reflects your business activities and adheres to relevant accounting standards.

We understand that each business is unique. That’s why our audit plans are tailored to suit your specific needs, industry regulations, and reporting requirements. This customised approach ensures that we focus on areas critical to your business.

Beyond compliance, our auditors delve into the details to unearth insights that can drive improvements in your financial operations. We analyse financial trends, identify operational inefficiencies, and offer recommendations to enhance financial processes.

Our auditors are trained to spot potential risks that could impact your business. By identifying vulnerabilities and weaknesses, we help you take proactive measures to safeguard your financial integrity and protect your stakeholders’ interests.

We conduct audits in accordance with internationally recognised auditing standards. This commitment to best practices ensures the accuracy and reliability of our audit findings.


We look forward to hearing from you

Get in touch with our firm, a trusted financial partner, built for the speed and regulatory complexity of today.

Nathan Caruana


Ryan Bugeja


Frequently Asked Questions

In Malta, it’s typically necessary for all limited liability companies to produce and present a set of audited financial statements annually.  While there are some possible exemptions for companies below certain thresholds, this is often preceded by the income tax law which still reiterates the obligation to have the financial statements audited irrespective of the company’s size.  Nonetheless in virtue of a legal notice published in 2019, a new stronger exemption (as it is covered by both company law and tax law) has been introduced, making it possible for a company to be exempt from having to be subject to an audit during its initial two accounting periods as long as:

  • The company’s yearly turnover remains under eighty thousand euros (€80,000), or a proportional amount, if the relevant accounting period is other than twelve months.
  • All shareholders of the company qualify as qualifying shareholders.  Such would be an individual who has successfully completed their educational studies at MQF (Malta’s qualification recognition’s body) Level 3 or an equivalent level. This completion should have occurred no earlier than three years from the date of the company’s registration.
  • An official request is submitted to the Registrar within six months following the conclusion of the relevant accounting period, using the prescribed format.

Tax law also supports the above information, stating that the first two accounting periods of a newly registered company are exempt from requiring an auditor’s report if the company’s sole shareholders are individuals possessing qualifying educational qualifications. This exemption applies if the new company was established within three years of obtaining the said qualifications and meets certain specified conditions, including turnover thresholds.

An audit is not only about verifying accuracy; it’s also about establishing credibility. An external audit assures stakeholders that your financial statements are accurate and unbiased, fostering trust among investors, lenders, and regulatory bodies.

Yes, an audit can reveal areas where your financial operations can be optimised. By identifying inefficiencies, you can enhance your internal processes and resource allocation.

The duration of an audit depends on factors such as the size of your company, the complexity of your financial transactions, and the scope of the audit. We work closely with you to establish realistic timelines and minimise disruptions to your operations.

If discrepancies or irregularities are identified, we work with you to understand the root causes and develop strategies to address them. Our aim is to support your company in resolving any issues and improving your financial practices.

Our specific work

We keep the complexities to ourselves, instead focusing on providing you with the tangible end output that is important to your business objectives.

Partner involvement
& Expertise

Our managing partners are directly involved across each practice area, ensuring a unmatched level of expertise and strict quality control across every aspect of our firm.


We keep the complexities to ourselves, instead focusing on providing you with the tangible end output that is important to your business objectives.

Flexibility &

Our service delivery is tailored to each individual client. We go above and beyond to guide you through new territory, acting as your trusted financial partner at all stages of your growth journey.

Fast & efficient

We offer prompt, proactive service. Our mentality is to support businesses with speed and agility in a commercial environment that is more competitive than ever before, not to slow you down.

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