Registration Time: 13:15
Session Time: 13:30- 16:45  including a 15-minute break
Speaker: Mr Mario P Galea
Venue:   Online Webinar

Participation Fees 
MIA Members: €40.00

Non-MIA Members: €75.00

Retired Members: €20.00

Students: €30.00

*Group bookings for 3 or more participants available.

BACKGROUND INFORMATION

Nobody owes auditing a permanent living into eternity. The only safeguard for the permanence of our profession lies within ourselves — in the partnership between standard setters and practitioners. Together, these two forces remain our best hope for ensuring that auditing continues to serve the public interest with integrity and purpose. Yet, that permanence is continuously threatened — not by external pressures alone, but by our own commissions and omissions. When auditors fail to lend credibility to the stewardship of management, it is clients, stakeholders, shareholders, and the public at large who suffer first.
Compliance with ethical and technical standards is not up for debate — it is the foundation of our license to operate. But business, economies, science, and technology have transformed the world in ways that our traditional standards can no longer fully accommodate. Both the standards themselves and we, as practitioners, must adapt and innovate if we are to remain relevant. We can no longer rely on inherited practices or the comfort of perceived superiority that may have developed over more than a century of existence. The reality is stark: we either change, or we risk disappearance.
The auditing profession must now confront and integrate the implications of technology, climate change, artificial intelligence, sustainability, governance, social trends, education, and evolving financial structures. Virtual transactions and digital ecosystems are redefining the very notion of assurance. Unless we adapt — ethically, technically, and conceptually — we risk becoming orthodox in a world that demands meaning, relevance, and trust.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

• The implications of technology, climate change

• Artificial intelligence

• Sustainability

• Governance

• Social trends

• Education

• Evolving financial structures, virtual transactions and digital ecosystems, the conceptual framework, the code of ethics, materially impacted standards such as sampling.

Why is the session of relevance to our members?

Both members and non-members of the Institute are to benefit from attending this session which provides a unique opportunity to further close the ever-present expectation gap, exacerbated by the pace of development of the business world compared to that of the auditing profession.

Target Audience

The session is of value to practitioners and students of auditing. It is also of interest to Chief Financial Officers, Chief Executive Officers and business people who have an interest in the service of auditing and assurance.

Speaker's Profile

A certified public accountant holding a warrant to practice both as an accountant and as an auditor.
Currently practising as a business advisor providing governance oversight and advisory services to
businesses and corporations. Serves as an independent non-executive director on the boards and
audit committees of various listed and licenced companies in the financial and commercial sectors
including banks, insurance and investment companies. Mentor and advisor to family businesses.
Founder, managing partner and chairman of accountancy and audit firm Ernst & Young in Malta until
retirement in 2012. Specialised in auditing and assurance which he has practiced for over 35 years in
Malta and abroad. Auditing experience spans over several sectors including banks, insurance and
investment companies. Lectured in auditing, assurance and professional and business ethics and led
several training courses. Speaker at various business and professional conferences in Malta and
abroad. Speaker and producer of various webinars related to auditing, corporate governance and
ethics. Assisted businesses in several areas particularly relating to governance, accounting and
systems of control. Served as President of the Malta Institute of Accountants and for many years
formed part of the Accountancy Board which is the accountancy profession regulator in Malta.
Served on various professional committees in Malta and abroad such as the council of the
Federation des Experts Comptables (FEE) in Brussels (now Accountancy Europe). Member of the
Ethics committee of the Malta Institute of Accountants in Malta

EVeNT CPE COMPETENCies

3  Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

DISCLAIMER

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Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.