Registration of an Accounting and/or Audit Firm

Overview

This form is used to obtain an official Accountancy Board Registration number. A registration number allows a firm, which could be a company or civil partnership, to perform accounting and auditing tasks within the Maltese Market.

What you'll get

The registration allows a firm, which could be a company or civil partnership, to perform accounting and auditing tasks within the Maltese Market.

Eligibility

In the case of an Accountancy Firm: Article 10(3-4) of the Accountancy Profession Act states that a principal of an accountancy firm must hold a warrant issued under Article 4(1) of the APA.

Furthermore, this person:
1) Must hold more than 50% of the voting rights in the firm; and
2) (a) Must constitute more than 60% of the firm’s administrative or management body.
Provided that in the case of an accountancy firm which is owned, managed and controlled by 2 individuals, only 1 of the individuals sitting on the administrative or management body of the firm shall be required to satisfy the conditions.
(b) Is of good repute and is appropriately qualified either by way of academic or professional qualifications or experience.
Provided that in the case of an accountancy firm which is owned, managed and controlled by 2 individuals, only 1 of the individuals sitting on the administrative or management body of the firm shall be required to satisfy the conditions laid down in Subarticle (3)(a).

In the case of an Audit Firm: Article 10(5) of the APA states that a principal of an audit firm:
1) Must hold a practicing certificate to practise in the field of auditing; or
2) Is of good repute and is appropriately qualified either by way of academic or professional qualifications or experience.

Furthermore, Article 10(6) of the APA states that an audit firm shall be of good repute and shall satisfy the following conditions:
a) The individuals who carry out the audit on behalf of the audit firm must hold a practising certificate in auditing;
b) The majority of the voting rights in the audit firm must be held by an audit firm or audit firms approved in any Member State or by individuals holding a practising certificate in the field of auditing; and
c) 60% of the administrative or management body of the audit firm must be made up of an audit firm or audit firms approved in any Member State or by individuals holding a practising certificate in auditing.

Provided that in the case of an audit firm which is owned, managed and controlled by 2 individuals, only 1 of the individuals sitting on the administrative or management body of the audit firm shall be required to satisfy the conditions.

How to apply

Fill in the online form or print and fill in the form and send to:

Ministry for Finance
Maison Demandols
South Street
Valletta VLT 1102

Also submit:
i) Signed copy of the agreement (e.g. partnership agreement, etc.).
ii) A copy of the firm’s Professional Indemnity Insurance Coverage.
iii) An application fee of €25 to be made payable to the Accountancy Board.
apply