On February 26, 2021, Nasdaq filed Amendment No. 1 to its initial proposed rule change regarding board diversity disclosures, in response to more than 200 comment letters received from Nasdaq-listed issuers.
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In Malta, the majority of private limited companies rely solely
on their auditors to prepare the financial statements as part of
the audit process. However, who is ultimately responsible for the
financial statements?
In preparing this publication, the authors researched different
parts of the Companies Act (Chap 386 of
the laws of Malta) as well as international standards for auditing.
This publications aims to provide additional information about the
role of directors.
Since it customary for auditors to prepare the financial
statements of private limited companies, directors question who is
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Did you know that you could be exempt from carrying out a
statutory audit in Malta? Many asked us if it was possible to save
from doing an audit, especially startups. The financial
regulator heard such requests and in 2019 issued legal notice 101
which goes by the name
Companies Act (audit exemption)
Regulations. These new regulations exempts a
small portion of companies from having their financial statements
audited for the first few periods.
Many governments, economists and policy makers around the world
claim that small businesses and start-ups are the backbone of a
In April 2021, the Securities and Exchange Commission approved amendments to the New York Stock Exchange's rule governing the review and evaluation of related party transactions.