ACCA – MIA Joint Conference
The accounting profession in Malta keeps raising its standards to meet the challenges and possibilities facing the sector. The fifth annual joint conference co-hosted by the Association of Chartered Certified Accountants (ACCA) and the Malta Institute of Accountants (MIA) on July 3 focused on some of the most pressing issues in the accountancy profession today.
A remarkable line-up of guests addressed the event, discussing different themes such as the professional scepticism approach, forensic accountancy, digitalisation in the profession and International Public-Sector Accounting Standards (IPSAS).
Participants could also learn about the latest developments in International Financial Reporting Standards, specifically: IFRS 15 ‘Revenue from Contracts with Customer’ and IFRS 16 ‘Leases’.
The implications of Britain’s split from the EU bloc on the accounting sector were also discussed by experts.
The theme of digitalisation in the accounting profession was also a main topic of interest in this year’s edition of the ACCA-MIA joint conference.
Head of ACCA Wales Mr Lloyd Powell congratulated the hosts on the successful conference which he described as important to build and sustain connections. Mr Powell added that the agenda of the event indicates increasing emphasis on ethics and trust, two important factors in business and the profession.
Ms Maria Cauchi Delia, MIA CEO, said that professional accountants typically aspire to drive sound financial management within organisations and that events like the ACCA-MIA conference help the profession to uphold its trusted position.
“We deal with facts and present solutions to our clients and employers. Our practicality, adaptability and expertise enable us to become business’ most trusted advisors” said Ms Cauchi Delia.
The 54th Annual General Meeting of the Institute was held on the 12th July, at the Tower Training Centre in Swatar.
The following members were elected for the two-year term 2018 – 2020: Mr Fabio Axisa, Mr Christopher Balzan, Mr David Delicata, Mr Jonathan Dingli, Mr Shawn Falzon, Dr Ivan Grixti and Ms Annabelle Zammit Pace.
They joined the following Council members, whose term expires in 2019: Mr Franco Azzopardi, Mr Etienne Borg Cardona, Mr Simon Flynn, Ms Maria Micallef, Mr Noel Mizzi, Mr Franz R. Wirth and Mr William Spiteri Bailey.
MIA President, William Spiteri Bailey, thanked outgoing Council members, Anthony Doublet and Stephen Paris for their dedication and contribution towards the Institute and the local profession. Both had served on Council for a long period of time. Mr Shawn Falzon and Ms Annabelle Zammit Pace were welcomed as new Council members.
During this meeting, all resolutions pertaining to the change in Statute have been approved.
In his address, the MIA President, William Spiteri Bailey made reference to changes in Bye-Laws which will be communicated to Members in due course.
At the first meeting of the new Council, Mr William Spiteri Bailey was elected as President, Mr Fabio Axisa as Vice-president, Mr David Delicata as Secretary and Mr Noel Mizzi as Treasurer.
MIA Annual Social Event
The MIA Social Event held on 21st June 2018 at Villa Mdina, Naxxar, was a huge success with over 800 attendees. It was an occasion for all the members of the Institute to get together in an informal atmosphere.
The sum of €2,855 was collected in aid of Dar Tal – Providenza and was topped by the Institute to amount to €4,000. The donation was presented to Fr. Martin Micallef by the president of the Institute William Spiteri Bailey.