Forensic Accounting in Malta

Updated on Wednesday 01st April 2020

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Accounting has several branches and each of them requires specialists in the respective field. This is also the case of forensic accounting which deals with the legal side of an accounting issue. Most of the times, forensic accounting is used in the court of law when the services of a financial consultant are used in order to determine the legitimacy of various accounting methods.

Our accountants in Malta are ready to offer their support in various accounting matters, including forensic ones. This is why we invite you to read below on the main forensic accounting matters you can rely on us.

Types of forensic accounting services in Malta

Forensic accounting is a broad field of accounting which is why there are many accounting firms in Malta to offer specialized services in this area. This is also the case of our firm which can offer the following forensic accounting services:
  1. services related to the calculation of various damages which can be received after a contract has been breached;
  2. services related to the resolution of financial and accounting disputes between companies in a Maltese court;
  3. services related to insolvency, reorganization and bankruptcy matters which require court hearings;
  4. services related to various types of frauds: tax evasion, securities fraud, and even money laundering;
  5. specialized computer forensic services which require the analysis of accounting documents;
  6. services related to professional negligence in the accounting field, as well as in marital disputes, such as the division of assets in divorce cases.

If you find yourself in any of the situations mentioned above, you can ask for tailored support from our forensic accountants in Malta.

Our Malta tax advisors can help you with other accounting services for your local company.

When is forensic accounting necessary in Malta?

Forensic accounting can be necessary in any of the cases presented above, and our accountants in Malta can offer the suitable support in procedures which require a thorough analysis of financial documents which can be used in the court of law.

Our forensic accountants can also perform audits in Malta which can be used to prove cases in various types of disputes. Investigations can also be conducted by specialists when it comes to forensic accounting in Malta.

It is important to note that financial documents of Maltese companies and individuals can be examined under a forensic accounting investigation, which is why the accountants performing such investigations must be specialized in this field. This is why our firm only works with Malta CPA accredited accountants.

Forensic accounting in various tax frauds in Malta

Just like any other country, Malta has its share of individuals and companies committing financial and tax frauds, among which embezzlement and frauds which need to be proved in court. This is where a Maltese forensic accountant can be used by the victim to prove their case in court.

A forensic investigation can use the services of one or more accountants in Malta depending on the complexity of the case and the documents which need to be assessed.

If you think you have been a victim of tax fraud, you can rely on the accounting services of our firm in Malta.

Who can ask for forensic accounting services in Malta?

Both individuals and companies can ask for forensic accounting services in Malta, however, most of the times, insurance companies, banks, governmental authorities, and other institutions ask for such services because they will use the evidence in court.

Forensic accounting implies tracing missing funds, identifying assets which can be used to recover outstanding amounts of money and conducting financial due diligence procedures.

If you need help, our accountants in Malta can offer various types of services, including tailored tax advice for your local business.

Why choose the services of our accountants in Malta?

With a vast experience in various fields of accounting, our firm is made of specialists who can offer personalized accounting services in Malta, including forensic accounting services.

Considering the tax legislation is very complex, you can ask our accountants for various services, including preparing the documents which need to be filed with the tax authorities.

With respect to financial frauds in Malta:
  • in Malta, the number of money laundering cases reported has increased by 94% between 2017 and 2018;
  • computer-related crimes have also registered a 20% on a year-to-year basis in between 2017 and 2018;
  • another type of financial crime which increased in 2018 was fraud with a growth of 30%;
  • in 2018, the number of money-laundering cases reported was 33.

For complete accounting services (from payroll to bookkeeping services), including forensic accounting in Malta, please contact us.