Malta Institute of Accountants
Member | Established: 1965 | Member since 1970
The MIA was founded in 1942 and is a voluntary membership organization uniting over 2,500 professional accountants. The institute provides professional guidance, technical support, and continuing professional education to professional accountants in Malta. It is the only body recognized by the Accountancy Board such that individuals who successfully pass the MIA’s joint qualification scheme with the Association of Chartered Certified Accountants are permitted to receive the warrant and designation of Certified Public Accountant by the Accountancy Board.
In addition to being a founding Member of IFAC, MIA is also a member of Accountancy Europe (formerly known as the Federation of European Accountants).
Contact
Level 1, Tower Business CentreTower Street, Swatar, BKR3013
Malta
Tel: +356-21-323-991
Fax: +356-21-323-990
info@miamalta.org
http://www.miamalta.org
Statements of Membership Obligations (SMOs)
Last updated: 07/2018
We welcome feedback. Please email compliance@ifac.org
The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
Status of Fulfillment
All quality assurance (QA) reviews are undertaken by the Accountancy Board’s Quality Assurance Unit—which operates a QA review system in line with SMO 1 requirements, according to a self-assessment conducted by MIA...
The Accountancy Profession Act 1979 specifies the initial professional development (IPD) requirements for the profession. The law stipulates that in order to practice publicly, individuals must hold a Master’s degree...
While the Companies Act 1995, as amended in 2008, stipulates that ISA as issued by the IAASB are to be applied in all audits, the MIA has always required its members to apply ISA as a self-regulatory requirement...
The Accountancy Profession Act 1979 stipulates that the Accountancy Board is responsible for issuing ethical standards—which are based on the 2009 IESBA Code amended in certain areas to reflect additional requirements...
Malta’s government is responsible for the adoption of public sector accounting standards. Since 2013, the government has been working toward the transition to accrual-basis IPSAS. Government accounting is still done on...
In Malta, the Accountancy Board is responsible for investigating and disciplining (I&D) professional accountants—all warrant holders—while the MIA is responsible for I&D procedures in regards to its members’...
With IFRS adopted in law, MIA’s role in this area is focused on drafting the standards for small and medium-sized entities (SMEs) and supporting members with the implementation of the accounting standards adopted in...
Disclaimer
IFAC bears no responsibility for the information provided in the SMO Action Plans prepared by IFAC member organizations. Please see our full Disclaimer for additional information.