Internal Audit for Investment Firms

Malta has established itself as an ideal location for various funds, fund managers, and asset servicing companies. With its flexible regulatory landscape and robust infrastructure, it has emerged as the go-to destination, particularly for growing funds and start-ups seeking a supportive ecosystem to thrive in. 

As a member of the European Union, together with its supportive regulatory environment and well-established financial services sector, Malta provides outstanding opportunities for investment management firms to expand operations and reach international markets. However, understanding the regulatory requirements and managing the risk landscape in Malta's investment services sector necessitates a detailed awareness of local rules and best practices.

Depending on the type of licence granted by the Malta Financial Services Authority (MFSA), the regulatory framework requires the establishment of an internal audit department. The internal audit function is a vital component of the overall governance and risk management framework, as it provides independent assurance to the board of directors and senior management on the effectiveness of internal controls and risk management processes.

Driving Efficiency with Outsourced Solutions  

To manage their complex risk structures holistically, investment institutions may choose to wholly outsource or partially co-source their internal audit function to an external service provider such as BDO. This approach enables businesses to benefit from the specific expertise and experience of independent internal auditors while maintaining flexibility and scalability in responding to changing business needs and regulatory requirements. Furthermore, it enables these entities to improve operational efficiency and regulatory compliance without compromising on quality.

Empowering your journey

At BDO Malta, we understand that each institution is unique, with its own set of challenges and possibilities. Our collaborative approach and commitment to excellence enable Investment Management entities to confidently manage the challenges of today's financial landscape. Join the ranks of established Investment Management entities in Malta that have entrusted their internal audit needs to BDO Malta. Experience the difference of working with a partner who is dedicated to your success, every step of the way. 

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