A total of 162 Certified Public Accountant (CPA) warrants and
Practising Certificates in Auditing (PCA) were handed out during
an award-giving ceremony for new Certified Public Accountants.
101 Accountants received the CPA warrant, 58 received both the CPA
warrant and the Practising Certificate in Auditing, while a further
three who had already received the CPA warrant received the
Practising Certificate in Auditing.
Minister for Finance, Prof. Edward Scicluna said the accountancy
profession forms the backbone of the skill-set provided by the
Maltese workforce and contributes to the attractiveness of the
local financial sector for foreign investment.
While speaking recently during the award-giving ceremony,
Minister Scicluna stated that the recipients of the warrant now had
great responsibilities in that the public trusted them to carry out
their work in the utmost good faith, with professionalism and
integrity. He also spoke about the recent development in the sector
with the publishing of the Single Accounting Directive published in
2013, which seeks to simplify the preparation of financial
statements, reduce burdens on small companies and improve
comparability of financial statements.
The Minister also spoke about the transposition of EU
legislation which will enhance the transparency of companies'
financial information, and give auditors a strong mandate to be
independent and to exert professional skepticism regarding the
management of the audited company.
(Source: Ministry for Finance)
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