Finance Minister, Edward Scicluna addressed the first plenary meeting of the European Audit Inspection Group (EAIG) to be held in Malta. The two-day conference, which brought together 57 delegates from all European Union and European Free Trade Association Member States, was held at the Palace Hotel, Sliema, this week.

PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE

The primary purpose of the EAIG is to create awareness of important issues and promote cooperation and consistency amongst European audit regulators on inspections. The group shares inspection practices and findings amongst its members and facilitates discussions with third parties on topics related to audit inspections. Malta has been a founding member of the EAIG since its inception in 2007 via its Quality Assurance Unit.

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In his opening speech, Minister Scicluna highlighted the initiatives taken by the present Government, which have resulted in a robust economic growth. He said that Malta is constantly updating its legislation to retain its high standards in the financial services arena. The high calibre of the professional personnel working in this sector, such as auditors, accountants, legal experts and IT specialists, are contributing to the success and esteem that Malta enjoys internationally in the financial services sector.

– Thursday, 29th October, 2015