Financial Reporting

The Companies Act requires that all companies keep proper accounting records of:
  1. all details of receipts and expenditure
  2. all sales and purchases of goods by the company
  3. the assets and liabilities of the company


The Commercial Code states that all traders must:
  • maintain appropriate trade books which shall be numbered and kept by order of date
  • draw up an annual inventory book together with a description and valuation of assets and liabilities, whatever may be their nature and origin
  • keep letters, invoices and telegrams received and forwarded
  • preserve trade books and other accounting documents for 5 years


Accountancy and auditing professions in Malta are regulated by the Accountancy Board via a number of accountancy profession Acts, Regulations and Directives, including:
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