Audit Services in Malta
We audit the annual financial statements of Malta companies and groups under the Companies Act.
- Auditing and Accountancy warrant held since 2017
- Group and special audit reports
- Malta Institute of Accountants member
You will speak with Andrew Fenech
Why Borg Galea
More than the audit
Accounting, tax, corporate, regulatory and maritime work through the same relationship.
A firm of 115+ people
We have grown from two people at the 2017 founding to 115+ at Borg Galea.
A team in Birkirkara
The team works from our office at Centris Business Gateway, Birkirkara.
“Borg Galea & Associates have always managed to exceed our expectations in terms of quality of service. Very professional, friendly team who is always there to help. Reliable, meticulous in their work, and deliver on time. Highly recommended.”
Natalie Vella WrightDirector – Billboard Connection- Borg Galea is a member of FinanceMalta, IFSP, MIA, MIT and MEA.
Which audit do you need?
- 01
Your annual statutory audit
Send us your year-end, the state of your accounts and any deadline. We then discuss the audit scope with you.
- 02
Changing your auditor
Tell us the last year your current auditor completed and what is still open. We discuss the appointment and the handover.
- 03
Years left unaudited
List the unaudited years and any missing records. We look at where to start and how to plan the work.
From first call to audit proposal
- 1
Tell us about the company
A first consultation on the years to audit, any deadline and any handover.
- 2
We review the records
We confirm what needs auditing and keep any accounts preparation or open years separate.
- 3
You receive a written proposal
The proposal sets out the scope and fees, agreed before any work begins.
What our audit services in Malta cover
Our audit and assurance services start with the annual audit of your financial statements. As your external audit firm, we examine the statements and the supporting evidence under the framework your company reports in, IFRS or GAPSME, and report an independent audit opinion. A group audit concerns the consolidated financial statements, so we need to know which entities are involved, where they operate and how far each set of accounts has progressed. For a holding company, investment records, financing arrangements and related-party information help establish the work.
Some transactions need a separate report from an auditor. Under Article 73(4) of the Companies Act, shares paid for in kind rather than in cash need an expert's report drawn up by a certified registered auditor, for example when a loan made to the company is capitalised. We also carry out audits of security holdings and of management reports. Depending on the engagement, records may include draft financial statements, a trial balance, ledgers, bank statements, invoices and agreements.
Who you will work with
Our audit team plans the work with you, from the records and scope to the audit report.
Nathaniel Borg
Audit Director & Co-Founder
Tatiana Muscat
Audit Manager
Andrew Fenech
Before you request an audit proposal
Does every Malta company need an audit?
Not always. Under the Companies Act (Cap. 386), art. 185(2), a private company is exempt if, on its balance sheet date, it stays within at least two of three limits: a €46,600 balance sheet total, €93,000 turnover and an average of two employees. A change in size takes effect only after two consecutive accounting periods, and we confirm the position for your company.
What applies for tax purposes?
Tax law has its own audit report requirement. For periods beginning on or after 1 January 2025, an exempt company within two of the limits meets it with a review report, which gives no audit opinion, and one within all three meets it without an audit (L.N. 139 of 2025). Earlier years are not covered, and separate rules apply to, among others, certain newly formed and shipping companies, non-resident companies and group parents.
Can you quote before seeing the records?
Fees depend on the company, the years involved and the scope, so we first establish what we need to see. Pricing is then agreed in advance in a personalised written proposal, with no hidden charges.
We have a deadline. Can you meet it?
Include the date and what it relates to. We check the records and the work involved before agreeing a timetable, so our first reply is not a commitment to finish by that date.
Start your audit enquiry
Tell us the company, the financial years involved and any reporting deadline.
You will speak with Andrew Fenech