Special Audit Reports
Our range of audit and assurance services is not limited to carrying out the statutory auditing engagements. On a number of occassions, we assist firms and individuals by providing the following 'special' auditing services:
- Expert reports in line with A73 of the companies act;
- Audits of security holdings;
- Audits of management reports;
Article 73 of the Companies Act (Chap 386 of the laws of Malta) state that the subscription of share capital may only be made against the payment of cash or cash equivalents or alternatively, if such subscription is going to be made by way of a payment in kind, A73(4) of the Companies Act (Chap 386) states that an expert's report has to be drafted by a certified registered auditor.
Some of the most common use of such expert reports are for the capitalisation of loans which were previously granted to the company or when there is a cross boarder restructing for taxation efficiency purposes.