Summa Fiduciary Services Ltd.
The company with the support of its associated entity Lungaro-Mifsud Assurance provides both statutory and non statutory audit assignments. A statutory audit is imposed on a company typically once annually at each financial year-end. All companies in Malta irrespective of their size, are obliged by law to prepare audited accounts, a copy of which is filed with the Inland Revenue Department and Registry of Companies.
A non-statutory audit assignment is normally either an internal audit engagement to verify a particular area of a business or else a due diligence exercise to gauge a business’s financial situation.