COMPASS Knowledge Base has been developed with a particular profile in mind – a practitioner who amidst the pressing work commitments, has quality at heart and who still feels a thirst for knowledge and the need for professional development; a practitioner who demands a thorough, yet flexible in-house CPE recognised programme.

We attract participants from sole practitioners who group together to form workable teams to mid-tier recognised international network of firms, and boast a highly experienced speakers and experts in various areas of specialisations. Our training programme, which targets auditors, accountants, architects, lawyers and other professionals offers rewarding career prospects, helping you to fulfil your professional goals and ambitions.

The following information includes some of the possible themes of our CPE programme.

Auditing and IT Audits

(Core Competency area, Audit and Assurance)

  • Auditing small Maltese family owned businesses
  • The risk audit approach
  • Audit Reporting
  • Are you prepared for regulatory compliance visits?
  • Communicating with Client
  • ISQC 1 and Quality Control
  • Audit Documentation
  • Audit Process – Planning, Fieldwork, Completion
  • Group Audit Engagements
  • The IT Governance Framework
  • IT Audit for Non-IT Auditors
  • The internal auditing function

Accountancy Profession Act

(Core Competency Area, Professional Regulation and Ethics)

  • Safeguards to the Auditor’s Independence
  • Code of Ethics
  • Accountancy Profession Act and its Directives
  • The Prevention of Money Laundering Act and the Prevention of Money Laundering and Funding of Terrorism Regulations.
  • Companies Act

Financial Reporting

(Core Competency Area, Financial Reporting)

  • IFRS as adopted by the EU Financial Reporting Framework
  • GAPSME – The way forward
  • Corporate and Social Responsibility Reporting

Management Accounting

(Core Competency Area, Business and Financial Management)

  • Corporate Governance
  • Cost and Management Accounting
  • Corporate Finance

Taxation

(Core Competency Area, Taxation)

  • Elements of Income Tax Act
  • Elements of VAT Act
  • Tax Compliance Visits
  • Specialised Legislation

Specialised Industries

(Professional Development Competency)

  • Risk Management
  • ISO Audit
  • Trust and Fund Accounting
  • Insurance Companies

Anti-Money Laundering

(Professional Development Competency)

  • Customer due diligence and extended due diligence
  • Are you prepared for AML compliance visits?

Other Maltese Law and EU Legislation

(Professional Development Competency)

  • Maltese Law – Special legislation
  • EU law – General Application
  • EU law – Specialised Application
  • EU Incentives

Relying on Expert Work

(Professional Development Competency)

  • Carrying out an architect’s property valuations
  • The work of an actuarial
  • Movements in stock markets
  • Forensic investigation – what it entails?

If you wish to include any other subject not included in this list, or you have any other idea of how one can be of service, please contact us here or browse the website for further information. I hope to have the pleasure of welcoming you in person in the near future.