Audit Quality

We acknowledge and commit to our role in serving the public interest. Throughout our Audit Quality Report, we detail how we are strengthening our culture of quality within the firm while continuing to set the standard of excellence for our profession. Significant progress shows in our quality journey that is underpinned by our robust System of Quality Management, which is subject to rigorous monitoring. The culture at BDO Malta ensures that a professional and qualitative service is always provided to all clients. The firm continually strives to achieve high quality standards in the services provided. In achieving this it is the firm’s policy:

• to ensure quality in all assignments performed; 
• to ensure that commercial considerations never override the quality of performance;
• to ensure that sufficient resources are devoted to the development and support of the firm’s quality control policies and procedures; and 
• to ensure that all audit work is controlled and signed off by the partners. 

The firm’s quality system management is designed to provide reasonable assurance that the firm, its partners and staff comply with professional standards and regulatory and legal requirements, that work is performed to a consistently high standard and that reports issued by the firm are appropriate.

A new BDO Global ISQM Platform was launched to facilitate and enhance the design and maintenance of our SoQM and support integrated SoQM monitoring. This Platform allows us to efficiently manage data and enables identification of business processes and responses where enhancements can be made, and allows for reporting of significant changes or findings, if any, in the design or operation of our SoQM.

BDO Global monitoring team performs a continuous review to evaluate whether the firm’s SoQM has been appropriately designed and is operating effectively.

Delivering high-quality audits is our top priority

The leaders of BDO Malta demonstrate a commitment to performing high quality work through their actions. We have made significant investments in resourcing our audit practice over the last year. The audit quality initiatives also include recent enhancements to our methodologies and technology, in compliance with professional standards.