Accounting Advisory Services

In the current climate of enhanced corporate governance requirements and increasing regulations, many entities are becoming increasingly cognisant of their obligations to meet financial reporting requirements in an independent manner. Reporting deadlines and timelines are becoming tighter. Simultaneously shareholders and stakeholders are demanding more quality and different financial information. Ensuring that the reporting entity meets these obligations in a timely manner and having the ability to oversee and control the related financial processes, both present a significant challenge in terms of resources and costs.

Whether you are looking to optimise your finance function, navigate the changing regulatory landscape, execute a deal, or address a complex accounting issue, our team of accounting advisors can quickly help identify practical and sustainable solutions to address your needs. 

• Your company has carried out a significant transaction and you would like someone to review your assessment of accounting and financial reporting implications

• You have a difficult technical accounting issue in respect of which you would like a second opinion

• Your company effected an acquisition and you need to understand the impacts in terms of harmonising accounting policies, accounting for cost of acquisition and allocating purchase price to assets acquired

• Your company has entered into a group reorganization and you need assistance in understanding the relevant accounting implication, including complex consolidation, business combination under common control, the application of Predecessor/Book-value Method of accounting

• IFRSs do not provide guidance on a specific transaction (e.g. transactions under common control with no commercial substance) and you need assistance in developing an accounting policy to reflect the economic substance rather than the legal form of such transaction and to ensure the appropriate disclosures are made to users of financial statements 

• You would like to keep yourself or your team up-to-date on developments in IFRSs and in GAPSME
  

• You would like to assess the impact of new or revised standards and pronouncements, or a change in accounting policy on the company’s financial information

• You need assistance in drafting your manual of accounting for specific accounting standard, including formal documentation for hedge accounting purpose
• You require an independent advisor or service provider in respect of accounting advice and support
• You have a small finance function and would require support from financial accounting and reporting specialists
• You are transitioning to IFRS accounting framework from other accounting frameworks, including GAPSME
• You want to upskill your finance teams on specific areas of IFRSs or GAPSME

For all entities that require high quality accounting advice, PwC has the breadth and depth of knowledge and technical expertise to help. As the leading local and international accounting firm, PwC offers comprehensive experience in all areas of accounting and financial reporting. PwC has an Accounting Advisory Services (AAS) specialised team led by IFRS specialists who have been providing IFRS advice and technical guidance to entities in Malta, comprising both audit and non-audit clients, for a significant number of years. These specialists have followed IFRS developments throughout the years and led the firm’s initiatives in supporting clients in this respect. As a global firm, our IFRS specialists has access to all the necessary resources, materials and guidance, including interpretations of accounting standards from the global network. PwC has been heavily involved in the development of GAPSME in Malta.

PwC experts, advise and support in the preparation of reporting under IFRSs and GAPSME, building on cooperation with specialists across a significant number of industries and deploying tried-and-tested PwC tools. These resources prepare statutory and other financial information, provide expert analysis on specific issues and are available to respond to individual needs.

As a firm we strive to provide value-for-money services and solutions which are flexible and tailored to the particular circumstances and needs of the particular entity, whether on-site or off-site, project-based or ongoing.