Audit and Assurance

    Key Contacts

    Nexia BT has been offering audit-related services since its inception in 1992 and today ranks as a leading professional services firm employing over 20 professionals within its Audit and Assurance department. Nexia BT has now established itself as one of the five top audit companies in Malta and the largest mid-tier firm, among those servicing listed entities. This achievement has etched Nexia BT’s position in the marketplace.

    The auditing arm is led by the firm’s audit partners, Manuel Castagna and Darren Bugeja.  Both audit partners have worked locally and abroad, boast a proven track record in the audit industry and have worked with a multitude of clients across various sectors. Manuel is also the firm’s compliance officer, thereby being responsible for Nexia BT’s quality assurance and risk management.

    The firm’s portfolio comprises a wide range of audit clients varying from sole traders to family businesses, small and medium-sized companies and large groups of companies as well as listed and regulated companies. Current audit clients feature both locally as well as internationally based customers. The wide and diverse sectors in which they operate include wholesale and retail, manufacturing, service providers, construction and property, hospitality and catering, holding and investment companies, investment advisors, professional’s and Governmental authorities and entities. Meanwhile, Nexia BT’s international audit clients include those with an interest in investment funds together with specialized sectors such as aviation and ship and yacht registration in Malta. Nexia BT’s audit and assurance related services include:

    Statutory audits

    Required for regulatory, legal, or other purposes

    Audit of liquidations

    Carried out from the date when a company is put in dissolution until the date when the scheme of distribution is drawn up.

    Assurance engagements and reviews

    ‘Lesser audits’ still providing a degree of assurance provider by the reviewer.

    Due diligence reviews

    Normally carried out for the purpose of confirming accounts provided to a buyer prior to a transfer of ownership.

    Ad-hoc investigations

    Consisting of specific investigations, rather than periodic reviews. In the case of an impromptu event, an entity can call a company to determine what is not working properly in the company and what can be improved.

    Internal audits

    Concerning the examination, monitoring, and analysis of activities related to a company’s operation, including its structure, employee behavior, and information system. Such audits are designed to review the company’s activities in order to identify potential threats to the organization’s health and profitability, as well as to make suggestions for mitigating the risk associated with those threats in order to minimize costs.

    Certification of government / EU / UN projects

    Involves the audits or reviews of project expenditure.


    Concerns the preparation and/or audit of group consolidated accounts and financial statements.

    Assistance in IFRS reporting

    Provides for a set of accounting standards, which are developed and maintained by the IASB (International Accounting Standards Board) in order to ensure standards are applied on a global scale.

    The audit-related services, normally provided on statutory audit assignments, are the following:

    • Auditing of the accounts, in accordance with International Standards on Auditing (ISA); and
    • Assistance in compilation/review of the full set of Financial Statements, in line with International Financial Reporting Standards (IFRS) as adopted by the EU or in compliance with GAPSME, in harmonization with the Companies Act;

    All professionals within Nexia BT follow a risk-based audit approach, in all of the audit services which are carried out.