Latest News & Publications

Accountancy Profession (General Accounting Principles for Small and Medium-Sized Undertakings) Regulations (GAPSME)

The Accountancy Profession (General Accounting Principles for Small and Medium-Sized Undertakings) Regulations (GAPSME) were introduced by way of Legal Notice 289 of 2015. The amendments to the Accountancy Profession Act came about following the transposition of the EU Accounting Directive into Maltese Law. Following the amendments to the Act, GAPSME has become the default accounting framework to be applied by small and medium-sized companies for financial periods beginning on or after 1 January 2016.

We have moved to new offices

We have moved to new offices in Mosta

MSI Global Alliance appoints new Chief Executive

MSI Global Alliance has appointed Tim Wilson as its new Chief Executive. 

Malta launches Citizenship Programme

Malta has launched the Individual Investor Programme (IIP) which establishes the procedure for the granting of citizenship to individuals who contribute to its economy.

European Parliament approves new Accounting and Transperancy Directives

On 12 June 2013, the European Parliament has approved a new Accounting Directive which will reduce the administrative burden for small companies.  This Acounting Directive also encourages Member States to distinguish between micro- and medium-sized undertakings, in order to ensure that the administrative costs are proportionate with size of the reporting entity. Commissioner Barnier has issued the following statement in relation to the new Accounting Directive: “Financial reporting obligations have been modernised and costs reduced, in particular for SMEs. With the new rules on country by country reporting, we have created a framework where businesses and governments must disclose revenues from natural resources. This framework will also contribute to the fight against tax fraud and corruption”.

MSI Global Alliance News - MSI Global Alliance awarded Association of the Year 2013

MSI Global Alliance was announced winner of ‘Association of the Year’ at the 2013 International Accounting Bulletin Awards.

FG Audit will be attending the MSI Europe, Middle East & Africa Regional Meeting 2013

FG Audit will be attending the MSI 2013 EMEA Regional Meeting.

FG Audit moving to new offices

FG Audit will be moving to new offices on the 7th of April.   

MSI Global Alliance News - MSI Delighted to Announce Expansion into Qatar

Appointment of Qatar accounting firm brings greater strength to MSI's global membership

MSI Global Alliance News - MSI's International Conference in Santa Monica Welcomes 160 Delegates from Over 30 Countries

The beachfront setting of Santa Monica provided the ideal location for this year’s International Conference in October. Welcoming over 160 delegates from over 30 countries, the event provided the perfect location to combine a strong business agenda with the opportunity to renew old friendships, forge new working relationships and at the same time experience the varied sights, sounds and excitement of what is the gateway to Southern California.