“We uphold our independence and deliver exceptional audit quality through rigorous policies, systems, and processes. Our commitment to clients remains our top priority, supported by comprehensive quality monitoring programmes and external performance reviews. We foster a culture of excellence, consistently measuring ourselves against the highest standards.”

Simon Flynn,Head of Assurance

Introduction

At PwC Malta, we continue to uphold our commitment to independence and high-quality audit work. The investment in our people, processes, technology, and quality continues to reflect our growth over the past financial year ending June 2024. We have seen growth in income from statutory audits alongside a continuous investment in our practice. We look forward to paving the way to a future that is human-led and tech-powered.

Investing in and making use of the right technology

In a rapidly evolving world, the integration of technologies, such as Robotic Process Automation, Transformation tools and Artificial Intelligence (AI), is transforming working practices at an unprecedented pace. At PwC Malta, we are committed to future-proofing our firm, our people, and to supporting our clients by leveraging technology to improve efficiencies, enhance user experiences, and strengthen security measures. Our dedication to investing in and making use of the right technology ensures that we remain value-driven with our clients, providing more than just an audit opinion.

The evolution of our audit processes is allowing our auditors to harness technology, streamline workflows, and focus on delivering impactful insights and building trust. Our Next Generation Audit (NGA) represents a new era in audit technology, designed to automate routine tasks, run quality checks, and support auditors in extracting unprecedented insights. By leveraging the latest advancements in automation and data analytics through the NGA, we enable our auditors to concentrate on higher-value activities such as building relationships, understanding complex business issues, and delivering impactful insights with confidence. A related case study can be found here, showcasing practical applications of how these new technologies were applied on our audits.

Striving for excellence, quality and sustainability

We continually ensure that our System of Quality Management (SoQM) is of the highest standard. This ongoing process, shaped by our firm's internal and external environment, helps us monitor, evaluate, and respond to changes in quality risk effectively. Our focus is not just on following predetermined rules but also on tailoring risk responses to our assessments, helping us meet our quality goals. Our culture of collaboration and consultation facilitates the delivery of high-quality work that keeps us at the forefront of the profession.

Future-proofing our people and our firm

Our people are our greatest asset. The success of our firm is built on the dedication, passion, and diverse skill sets of our team members. We remain committed to creating a workplace where individuals feel valued, driven, and accomplished. We are dedicated to creating an environment that fosters a sense of belonging through our values, such as Care and Working Together. Embracing diverse perspectives and backgrounds enriches our services and accountability, all built on a foundation of quality.

Our audit team, with its varied skill sets, allows us to provide stronger and more informed audits, delivering holistic services to our clients. We embrace our differences, recognising how they complement our work, provide perspective, and enrich our multidisciplinary background. Our diverse workforce and talent development initiatives are key to our continued success.