A warm welcome to COMPASS, the COMPlete Audit Support Services dedicated to statutory auditors in public practice in Malta in the fields of auditing, assurance, financial reporting and anti-money laundering support. I am confident you will benefit from the professional expertise and in-house training excellence we have become renowned for during the past years.
Compass Malta provides independent external reviews to audit and accounting practitioners and to train them attain higher levels of quality in their methodologies. This is carried out by continually assisting auditors address complex situations whilst providing them with the tools needed to ensure compliance. Now that’s peace of mind!
‘I’m passionate about helping fellow auditors and being someone they can turn to.’
Renzo Farrugia
Founder, Compass Malta
I love this job. As from 2008, what motivates me most as an independent reviewer is to assist colleagues, mostly statutory auditors and accountants, address and solve complex assurance, ethical, quality procedures, audit reporting and financial reporting dilemmas. Providing technical advice and direction, assessing an audit practice in comparison with industry best practices and reviewing audit files in an absolute independent manner is the cornerstone of my activity. These measures help statutory auditors identify and address their audit risks before they become compliance issues in the eyes of regulators.
My philosophy is to work with auditors to resolve accounting and audit issues as they arise, and not necessarily because they have been called for a Regulatory visit by the Quality Assurance Unit or others. Helping auditors identify and address audit risks before they become compliance issues, in the eyes of Regulators, is one of my key skills.
Auditors come in different sizes! With experience as a reviewer, I have worked with a wide range of clients in the audit and assurance field, from some of the largest firms in the country, to start-ups looking for providing first time assurance services, even on a part-time basis.
I believe in working in partnership with my clients to offer pragmatic solutions to help provide the right solutions to their particular size. Identifying these different needs and understanding those particular requirements is a critical part of offering advice and providing continual support and assistance.
My strength lies in building rapport and trust so I can offer the best advice and service possible. And this in an absolutely independent manner! I do not carry out any audit or other assurance engagements. Instead I focus my work and energy exclusively by carrying out reviews and helping fellow auditors keeping abreast of changes occurring in the profession.
Bernice Farrugia
Bachelor of Education (Honours)
I proactively work in planning events, scheduling appointments and meetings, updating the website, managing and maintaining the social media channels and coordinating activities related to Continuing Professional Education (CPE). Connecting with people is the most rewarding part of my job.
Being a teacher by profession allows me to collaborate with professional tutors / experts by keeping them abreast of modern pedagogical skills. I am a firm believer in openness and transparency when it comes to CPE feedback on in-house training sessions. Thanks for taking the time to comment!
I am also responsible for the daily routine administrative tasks including answering phones and addressing prospective client inquires.
My motivation is to establish long term relationships that ensure everyone is working to this common goal, to concentrate on what’s important and to add value in the process.