2014 Biennial Conference Programme
The Institute has recently finalised the programme for its eight biennial conference that will take place on 6 and 7 November at the Hilton hotel. The following is a detailed programme brief.
Session 1: Setting the scene – EU legislative initiatives and the effect on the Malta offering
Noel Camilleri, Accountant General, Hilary Galea Lauri, Partner Audit, KPMG Malta, Paul Giglio, Partner, Mazars Malta and Chris Naudi, Partner, International Tax Services, EY will first outline those legislative initiatives that are increasingly shaping Malta’s legislative framework. Bernard Scicluna, Risk & Reputation Leader, Deloitte Malta will then moderate a panel made up of Michel Cordina, Head of Commercial Banking, HSBC, Dr Louis Degabriele, Partner, Camilleri Preziosi Advocates, Bruno L’Ecuyer, Head of Business Development, FinanceMalta and Kevin Valenzia, Territory Senior Partner, PwC Malta, will be debating the effect that the EU legislative initiatives will have on the Maltese accountancy profession, on the robustness of the Malta offering and on the profession’s ability to offer their services to International clients.
Workshop 2.1: Audit policy reforms
Miles Thompson, FEE Audit and Assurance Policy Group Chairman, will go into more detail on the European Union (EU) audit market reform, including Directive 2014/56/EU on statutory audits and Regulation (EU) No 537/2014 on statutory audit of public-interest entities. Mark Abela, Technical Director, MIA will then moderate a panel made up of Mark Bugeja, Managing Partner, Grant Thornton, Glenn Collins, Head of Technical Advisory, ACCA, Anthony Doublet, Council Member, Assurance Leader Ernst & Young Malta, Simon Flynn, Council Member, Head of Assurance, PwC and Miles Thompson who will discuss the affect that the audit reform would have in Malta.
Workshop 2.2: Alternative sources of finance
Anton Borg, Deputy President, Malta Chamber of Commerce, Enterprise and Industry (MCCEI) will present the MCCEI research on the types of funding that are used by local entities. Speakers from HSBC and the Malta Enterprise will present the funding support measures that are offered by their respective organisation. After this introduction, Marcel Cassar, First Executive Vice President and CFO, FIMBank plc will moderate a panel made up of Raphael Aloisio, Leader Financial Advisory Leader, Deloitte, Anton Borg, Dr Mario Vella, Chairman, Malta Enterprise and James Woodeson, Head of Global banking and markets, HSBC that will discuss a variety of alternative funding sources for SMEs that have become or could become available. The evolution of traditional bank financing and the profession’s role will be considered.
Workshop 2.3: Future of Tax: EU tax policy and International tax reforms
Dr. Conrad Cassar Torregiani, Leader International Tax, Deloitte Malta will first give delegates a detailed overview of the most salient European tax (indirect and direct tax) developments. Karen Spiteri Bailey, Partner Spiteri Bailey and Co, will then moderate a panel made up of Dr. Conrad Cassar Torregiani, George Gregory, Partner tax and corporate services, RSM, Anton Vella Laurenti, Director (International Taxation), Legal and International Division, Office of the Commissioner for Revenue and Petra Weymuller, Senior Manager, Federation of European Accountant (FEE) who will consider whether tax law is effectively becoming a patchwork of regional, national and EU rules and why there is a lack of a harmonised tax framework. The role of the profession as well as that of the legislator and the tax authorities will also be discussed in view of the societal expectations that they should not be party to any tax behaviour which can be deemed to be anti-social or ethically dubious.
Session 3A: Roundup of technical workshops
Session 3B: Change your rhythm
An entertainment company will take centre stage together with professional percussionists who will teach the audience a number of different rhythm cycles. The audience will eventually create a piece of music alongside the main percussive team on stage generating an incredible percussive crescendo! Everyone’s contribution is imperative to work together and create one loud song!
Session 4: Family business and succession planning
In this session, Dr Nadine Sant, Family Business Act (FBA) Committee Chairperson will talk about the state of family business regulation in Malta and about the progress achieved by the FBA Committee. Franco Azzopardi, Vice-president, MIA and Professional Director in various listed financial and family businesses will moderate a panel discussion made up of Etienne Borg Cardona, MIA Council member and CEO Forestals, Dr Louis Cassar Pullicino, Partner Ganado Advocates, Martin Galea, CEO, Joinwell and Dr Nadine Sant who will discuss various important themes in this context such as the challenges faced by family businesses especially in respect of succession planning such as the main difficulties faced during succession planning and the main reasons why such businesses fail.
Friday 7 November
Session 5: The Accountant: A trusted advisor
Mario Abela, Leader – Research and Development, International Federation of Accountants, will first outline IFAC’s perspective on the impact of global trends on the role of accountants. Maria Micallef, President MIA and Partner, RSM Malta will moderate a panel made up of Mario Abela, Peter J. Baldacchino, Head of Accounting Department, FEMA, University of Malta, Prof. Robin Jarvis, Special Adviser, ACCA, Tonio Zarb, Council Member, MIA and Senior Partner, KPMG and Winston J. Zahra, CEO, Island Hotels Group who will envisage what accountants will be like in the future and what skills and competencies they will need remain relevant. The panel will consider how the accountant’s relationship with the client could evolve from that of a trusted attester to one of a trusted advisor. Above all, panel members will consider how accountants can continue to evolve as strategic partners of clients, business and employers.
Session 6: Accounting Directive update
Fabio Axisa, Treasurer, MIA and Partner PwC will update delegates on the progress achieved by the Accountancy Board’s transposition working group on the transposition of the Accounting Directive (Directive 2013/34/EU). William Spiteri Bailey, Secretary, MIA and Partner, Spiteri Bailey and Co will then moderate a panel made up of Fabio Axisa, Robert Ancilleri, Executive Committee member, Malta Bankers Association and Head of Finance at Banif Bank (Malta) plc, Marvin Gaerty, Commissioner for Revenue and Charles Rapa, Chairman, Accountancy Board will discuss the impact that the changes brought about by the Accounting Directive will have on the financial statements of SMEs and on Maltese GAAP.
Session 7: Work-life balance
Franco Azzopardi, Vice-president, MIA and Professional Director in various listed financial and family businesses together with Dr Anthony Dimech, Consultant Psychiatrist MD, Prof. Dr Albert Fenech, MP, Interventional cardiologist and Andrew Farrugia, Financial Controller, Grand Harbour Marina p.l.c will discuss ways in which individuals can reconcile their work commitments to their private lives by using stress management techniques.
The conference is being sponsored by HSBC Bank Malta plc.
New MIA Members
Ms Pauline Briffa
Ms Ann Marie Camilleri
Mr Geoffrey Camilleri
Mr Matthew Camilleri
Mr Aronne Debono
Ms Natasha Michelle Farrugia
Mr Elian Mallia
Ms Sharon Zammit
Mr Stefan Zammit
Mr Darren Agius
Ms Marianne Aquilina
Mr Fabiano Bugelli
Ms Jessica Galea
Mr Mark Lauri
Ms Pamela Mifsud