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Are You Exempt From Carrying Out An Audit? - Corporate/Commercial Law


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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 ....

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SEC Commissioner Lee Dispels Myths About Materiality - Corporate/Commercial Law


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Earlier this week, SEC Commissioner Allison Lee delivered keynote remarks at the 2021 ESG Disclosure
Priorities Event hosted by the AICPA, the Chartered Institute of
Management Accountants, SASB and the Center for Audit Quality. Her
topic: Myths and Misconceptions about
Materiality. In the context of the discussion about
potential mandatory ESG disclosures, Lee observed, there has been a
lot of attention to the concept of materiality, which is
fundamental to our securities laws. The public company disclosure
system is generally oriented around providing information ....

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Singapore Airlines says it is well capitalised, has no delisting plans