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• M2080 - Substance Over Form Under IFRS (Online)

  • When
    30 Sep 2020
  •  
    09:15 - 12:30 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 09:00
  Sessions Time: 09:15 - 12:30 including a 15-minute break
  Speakers: Mr. John Debattista and Mr. Paul Zammit
  Venue:  Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  BACKGROUND INFORMATION

  Substance over form is an accounting concept which means that the economic substance of transactions and events must be recorded in the financial statements rather than just their legal form in order to present a true and fair view of the affairs of the entity. This ensures that the financial statements give a complete, relevant, and accurate picture of transactions and events.

  OBJECTIVES OF THE SESSION:

  This 3-hour course will provide attendees with a practical insight. The concept of substance over form will be illustrated via examples pertaining to revenue and leases. The current IFRS standards relating to revenue and leases are new. During this seminar, the provisions in the new standards relating to substance over form will be compared to the superseded standards. The superseded standards remain relevant to the Maltese reality, not only for preparers of backlogs of financial statements, but also because GAPSME resembles the superseded IFRS standards.

  TOPICS FOR THE SESSION:

  • Substance Over Form – Leases

  • Substance Over Form – Revenue

  TARGET AUDIENCE

  The training course is specifically targeted to accounting professionals and students, especially those who are pursuing or intend to pursue a career in audit or financial reporting.

  SPEAKER'S PROFILE

  John Debattista is a Certified Public Accountant and Registered Auditor. John is one of the founding partners at Zampa Debattista and heads the Audit and Assurance function and the firm’s IFRS Advisory Technical team. John lectures the Corporate modules at the final stages of the ACCA and ACA course for the ICAEW, Institute Chartered of Accountants for England and Wales. John is also a speaker in various audit and accounting seminars delivered by a number of institutes in Malta. He also lectures the Diploma in IFRS (DipIFR). John sits on a number of MIA committees namely, the audit, financial reporting and SMP committees.

  Paul Zammit joined Zampa Debattista in January 2017. Paul graduated from the University of Malta after completing the Bachelor of Accountancy (Honours) Degree in 2008. Paul commenced his career in audit and switched to accountancy in 2012. He spent most of his time in accountancy managing a portfolio of international clientele, before joining Zampa Debattista’s accounts department in 2017. After a few months, Paul decided to accept the internal opportunity to specialise in technical matters and increase his proficiency in reporting standards. Paul is currently involved in technical accounting and advisory assignments, whilst training and assisting internal staff and external people on IFRS technical matters.

  EVENT CPE COMPETENCES

  3 Hours Core

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  
  

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• M2054 - VAT Treatment of E-Commerce - 2021 updates (Online)

  • When
    1 Oct 2020
  •  
    12:15 - 16:45 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 12:00
  Sessions Time: 12:15 - 16.45 including a 30-minute coffee break
  Speaker: Mr Saviour Bezzina
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting Paypal)
  MIA Members: €55.00
  Non-MIA Members: €100.00
  Retired Members: €25.00
  Students: €40.00

  Short synopsis

  Given the ever-growing importance and relevance of E-commerce in today’s business world the EU felt the need to simplify the VAT rules regulating such a sector/mode of transacting with a view to both make it simpler for the various parties transacting to comply properly with the respective VAT obligations, and the same time shifting the VAT chargeability to the country of destination/consumption whilst ensuring that all VAT due is collected in a timely and appropriate manner in its entirety. In the VAT sphere this being termed as the e-commerce package and it will bring about major changes in the VAT treatment of various transactions dealing with E-commerce. Hence it is of paramount importance for all those operating in this sector in one way or another, to be aware of what changes will be coming into effect, what impact these will have on the VAT treatment of the impacted transactions and what needs to be done to ensue proper VAT compliance and applicability. All of these will be covered throughout this session.

  Background Information

  The EU aims at simplifying VAT obligations for companies carrying out cross-border sales of goods or services (mainly online) to final consumers and to ensure that VAT on such supplies is paid correctly to the Member State of the customer, in line with the principle of taxation in the Member State of destination. The Commission proposed EU legislation in this area in two stages. The first measures entered into force in 2015 and covered telecommunications, broadcasting and electronic services. The second package of measures was adopted by the Council in December 2017 and included new rules for distance sales of goods as well as for any type of service supplied to final customers in the EU. The latter measures, also referred to as ‘the VAT e-commerce package’ are set to apply from 1 January 2021. Throughout the session will shall be looking at all these VAT changes in details and determine which VAT treatments will change and how.
  

  Objectives of this session

  The scope of the session will initially be to discuss the rationale for such changes (including making reference to the various directives, regulations and other legal documents from which such changes emerge). As part of the introduction of the session we shall also briefly revisit the 4 changes which came into effect in 2019 and then move on to focus in detail on the 2021 changes as listed above.

  Reference will be made to which type of transactions will be impacted and how with the use of practical examples which will explain both the technical aspect of the changes (the basis on which the VAT treatment will change due to the amendments/additions to the wording of the various provisions in the legislation) and well as the practical changes (the manner in which such transactions will have to start being declared by the various involved parties, including new obligations which various parties will be exposed too, as well as opportunities which may lead to less onerous compliance obligations for others).

  Questions from attendees will be encouraged to make the session more relevant for participants.

  Topics on the Agenda:

  • Introduction

  • 2019 Changes

  • 2021 Changes

  • • B2C supplies of services (other than TBE services)

    • Intra EU Distance Sales of Goods

    • Domestic supplies of goods facilitated by electronic interfaces

    • Distance sales of goods imported from third countries (maximum €150)

  Target audience

  Accounting and Tax Practitioners and other accounting staff dealing with the vat treatment of E-commerce
  

  Speaker's Profile

  Saviour Bezzina is a Senior Manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters.Saviour Bezzina is a Senior Manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters. Saviour was awarded the 2007 MIA prize as the best student who graduated in the Bachelor of Accountancy (Hons) Degree Course Group 2004/2006.
  

  EVENT CPE COMPETENCES

  4 Hours Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  
  

  
  

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• M2085.1 - Accounting under IFRS – IAS 37 (Online)

  • When
    5 Oct 2020
  •  
    13:00 - 14:00 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 12.45
  Sessions Time: 13:00 - 14:00
  Speaker: Mr Georges Xuereb
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €15.00
  Non-MIA Members: €25.00
  Retired Members: €10.00
  Students: €10.00

  SYNOPSIS

  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets outlines the accounting for provisions, together with contingent assets and contingent liabilities.

  During this training session the participants will obtain a comprehensive understanding of the detailed requirements of these standards.

  Background Information

  IAS 37 Provisions, Contingent Liabilities and Contingent Assets outlines the accounting for provisions (liabilities of uncertain timing or amount), together with contingent assets (possible assets) and contingent liabilities (possible obligations and present obligations that are not probable or not reliably measurable). Provisions are measured at the best estimate of the expenditure required to settle the present obligation, and reflects the present value of expenditures required to settle the obligation where the time value of money is material.

  Objectives of the Session

  By the end of the training session the participants will obtain an understanding of the:

  • definitions of a provision, contingent liability and contingent asset, and the recognition, measurement and disclosure requirements of such under IAS 37.

  
  

  Topics on the Agenda

  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets

  Target audience

  Practitioners in industry, students and all those in the profession.

  Speakers profile

  Georges Xuereb is a Certified Public Accountant and forms part of the Accounting Advisory Services team at KPMG Malta, holding the role of a Manager and providing technical IFRS advice and assistance to local and foreign clients operating in various industries. Georges also delivers technical training on IFRS matters internally and to his clients, and lectures the Financial Reporting (FR) and Strategic Business Reporting (SBR) modules which form part of the ACCA qualification.

  EVENT CPE COMPETENCES

  1 Hour Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2085.2 - Accounting under IFRS – IFRS 5 (Online)

  • When
    6 Oct 2020
  •  
    13:00 - 14:00 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 12.45
  Sessions Time: 13.00 - 14.00
  Speaker: Mr Georges Xuereb
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €15.00
  Non-MIA Members: €25.00
  Retired Members: €10.00
  Students: €10.00

  SYNOPSIS

  • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations outlines how to account for non-current assets held for sale (or for distribution to owners).

  During this training session the participants will obtain a comprehensive understanding of the detailed requirements of these standards.

  Background Information

  IFRS 5 Non-current Assets Held for Sale and Discontinued Operations outlines how to account for non-current assets held for sale (or for distribution to owners). In general terms, assets (or disposal groups) held for sale are not depreciated, are measured at the lower of carrying amount and fair value less costs to sell, and are presented separately in the statement of financial position. Specific disclosures are also required for discontinued operations and disposals of non-current assets.

  Objectives of the Session

  By the end of the training session the participants will obtain an understanding of the:

  • definitions and classification criteria of non-current assets (or disposal groups) as held for sale, and the measurement, presentation and disclosure requirements of such under IFRS 5.

  Topics on the Agenda

  • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

  Target audience

  Practitioners in industry, students and all those in the profession.

  Speakers profile

  Georges Xuereb is a Certified Public Accountant and forms part of the Accounting Advisory Services team at KPMG Malta, holding the role of a Manager and providing technical IFRS advice and assistance to local and foreign clients operating in various industries. Georges also delivers technical training on IFRS matters internally and to his clients, and lectures the Financial Reporting (FR) and Strategic Business Reporting (SBR) modules which form part of the ACCA qualification.

  EVENT CPE COMPETENCES

  1 Hour Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2085.3 - Accounting under IFRS – IFRS 8 (Online)

  • When
    7 Oct 2020
  •  
    13:00 - 14:00 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 12.45
  Sessions Time: 13.00 - 14.00
  Speaker: Mr Georges Xuereb
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €15.00
  Non-MIA Members: €25.00
  Retired Members: €10.00
  Students: €10.00

  SYNOPSIS

  • IFRS 8 Operating Segments requires entities with publicly traded securities to disclose information about their operating segments, products and services, the geographical areas in which they operate, and their major customers.

  During this training session the participants will obtain a comprehensive understanding of the detailed requirements of these standards.

  Background Information

  IFRS 8 Operating Segments requires entities with publicly traded securities to disclose information about their operating segments, products and services, the geographical areas in which they operate, and their major customers. Information is based on internal management reports, both in the identification of operating segments and measurement of disclosed segment information.

  Objectives of the Session

  By the end of the training session the participants will obtain an understanding of the:

  • information to be disclosed in terms of IFRS 8 to enable users of the financial statements to evaluate the nature and financial effects of the business activities an entity engages in and the economic environments in which it operates.

  Topics on the Agenda

  • IFRS 8 Operating Segments

  Target audience

  Practitioners in industry, students and all those in the profession.

  Speakers profile

  Georges Xuereb is a Certified Public Accountant and forms part of the Accounting Advisory Services team at KPMG Malta, holding the role of a Manager and providing technical IFRS advice and assistance to local and foreign clients operating in various industries. Georges also delivers technical training on IFRS matters internally and to his clients, and lectures the Financial Reporting (FR) and Strategic Business Reporting (SBR) modules which form part of the ACCA qualification.

  EVENT CPE COMPETENCES

  1 Hour Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2012 - Non Current assets under IFRS (Online)

  • When
    13 Oct 2020
  •  
    13:30 - 16:45 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute coffee break
  Speaker: Mr Kevin Vassallo
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  A Non-current asset is a resource whose value is expected to be recovered over a period of more than 12 months through use or through sale within the next 12 months after reclassification under IFRS 5. Non-current assets include Property, Plant and Equipment under IAS 16, Intangible Assets under IAS 38, Investment Property under IAS 40, Biological Assets under IAS 41, Tax Assets under IAS 12 and Financial Assets under IFRS 9.

  Objectives of the Session

  The seminar will serve to highlight the similarities and the differences in the accounting rules of recognition, measurement, presentation and disclosure under the relevant standards for tangible, intangible, financial and tax assets together with the re-classification rules of IFRS 5 for assets that were held for use and are henceforth held for sale.

  Target audience

  Practitioners in industry, students and all those in the profession.

  Speakers profile

  Kevin Vassallo is a certified public accountant with practical experience in financial markets, risk management and internal auditing. He has been working in the banking industry for the past 30 years and is currently Head of Projects and Treasury at the Malta Development Bank. He previously held executive posts at the Central Bank of Malta and the MFSA. He is also an ACCA lecturer in corporate financial reporting.

  EVENT CPE COMPETENCES

  3 Hours Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2038 - Fundamentals of Change Management (Online)

  • When
    14 Oct 2020
  •  
    09:15 - 12:30 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 09.00
  Sessions Time: 09.15 - 12.30 including a 15-minute break
  Speaker: Ms Rachel Falzon 
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  Management is not only about managing processes and operations. With the level of current and future disruption, managers will also need to drive and implement change in an organisation. In fact, it is possible argue that going forward, all management will be Change Management. 
  

  objective of the session
  

  By the end of this session, participants will get a better understanding of Change Management in the context of managing the people side of change. We will look at the different types of changes that may occur within an organisation, how change impacts people and some tools and techniques to manage employee engagement and encourage adoption of the proposed changes during the change process. There will be the opportunity for practical application of some change management tools.

  Topics on the agenda

  Fundamentals of Change Management
  Tools and concepts underpinning a Change Management initiative

  TARGET AUDIENCE

  Individuals who may need to hone their skills in Change Management either for personal enrichment or on-the-job application.

  SPEAKER'S PROFILE

  Rachel Falzon holds an MBA from Henley Business School, University of Reading with a specialisation in HR. She has held positions as Director of Studies, Business Development and Communications Manager, Strategic HR Consultant and Advisory Manager with one of the Big Four.

  She currently holds the title of People Performance Consultant and is self-employed. She focuses on HR and L&D with a view to empowering people and futureproofing organisations to become more resilient in the face of modern day challenges and digital disruption through L&D, strategic HR/Business Partnering, change management, design thinking workshop facilitation and coaching. She is a member of the Board of San Anton School. 

  EVENT CPE COMPETENCES

  3 Hours Professional

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2095 - Building the right portfolio to meet your investment objectives (Online)

  • When
    16 Oct 2020
  •  
    13:30 - 16:45 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute coffee break
  Speakers: Mr. Gabriel Mansueto and Mr. Colin Vella
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  • Portfolio management is the art and science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions, and balancing risk against performance.

  • Distinguishing between speculative trading and investing based on fundamentals is crucial to understand, while also addressing the impact of different behavioural biases on rational investment decisions.

  • Starting off with the risk-reward characteristics of the different investment asset classes that exist, by the end of this presentation, one should achieve a better understanding of how best to manage a portfolio in line with a person’s individual’s needs and circumstances.

  Objectives of the Session

  • To understand the main risk-reward profiles of equities vs other major asset classes

  • To understand the factors which contribute towards volatility in equity markets

  • Learn why equities are a good long term hedge against inflation

  • Learn about emotional and cognitive biases when investing in equities

  • To understand the differences between speculative and fundamental trading

  • To see the benefits and costs of trading on your own vs portfolio management

  Topics on the Agenda

  • Building an investment portfolio

  • Speculative vs. fundamental trading

  • Behavioral biases

  • Volatility

  • Equities and inflation

  • Trading on your own and portfolio management

  Target audience

  Individuals who may need to enhance their investment knowledge and want to understand what considerations investors should make when investing on their own or through portfolio management.
  

  Speakers profile

  Gabriel Mansueto joined Jesmond Mizzi Financial Advisors Ltd as an assistant investment advisor in 2009 and one year later was given the role of trader on the Malta Stock Exchange. He completed the CeFA qualification which led him to the role of investment advisor and he is now Head of Investment Advisors. He graduated with an honours degree in Economics in 2009 and later completed a Master’s degree in Banking and Finance from the University of Malta. Gabriel managed the B’Kara Branch and is now responsible for managing the team of investment advisors and traders. His areas of specialisation include providing investment advice on fixed income and multi-asset investing.

  Colin Vella has been working within the financial services sector for the past seven years and joined the investment advisory team at Jesmond Mizzi Financial Advisors Limited in 2013. He is now Head of Wealth Management. He graduated with an honours degree in Banking and Finance from the University of Malta in 2013 and obtained his Chartered Financial Analyst designation in 2017. Colin has been primarily focusing on providing investment advisory and portfolio management services to high net worth investors and corporate clients. His role entails the structuring of investment portfolios in line with their risk profile and investment objectives.

  EVENT CPE COMPETENCES

  3 Hours Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  Show details
• M2084 - Insurance Law and insurance risk and capital Management (Online)

  • When
    20 Oct 2020
  •  
    13:30 - 16:45 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute coffee break
  Speaker: Mr Raymond Micallef
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  This CPE training will provide the participant with the basics of an Enterprise Risk Management Process, starting with the different methodologies used for Risk Identification, followed by Risk Assessment and Analysis, Mapping, Risk Mitigation and follow - ups.
  

  It will continue onto Risk Governance, explaining the set up in an organization, Risk Ownership, Risk Reporting. This extends to Policies such as the Risk management and Risk Appetite Policies. The five Macro Risks Categories of Strategic - Business Risk, Operational Risk, Credit Risk, Market Risk and Underwriting Risk are introduced.
  

  Risk Category and particularly relevant to an Insurance Organisation identified and explained, discussing a number of case studies in the process and examples of internal controls mitigating them. The programme is mainly based on the COSO framework for Risk Management, giving students first hand experiences of risks and also introducing Solvency II, the new Insurance Legislation.

  
  

  OBJECTIVES OF THE SESSION

  By participating fully in this CPE event, participants will be able to: 

  • Understand risk plots ;

  • Understand risk governance and the reporting structures in an organisation; 

  • Appreciate the different sources of risk and the possible influences they may have on an Insurance organisation ;

  • Understand the importance of Internal controls ;

  • Comprehend the importance policies, procedures, process manuals ;

  • Have a broad idea of the Solvency II requirements.

  Target audience

  This CPE Event will be of benefit to Accountants, Auditors, Entrepreneurs, Practitioners,  Professionals seeking to enhance their Continuous Professional Development.

  Speakers profile

  Mr. Micallef is a management, healthcare management and insurance professional with a career spanning 40 years in the healthcare sector, insurance management and financial services industry.

  He is an Associate of the Chartered Insurance Institute and a Chartered Insurer. He holds a Master’s Degree in Business Administration from Henley Management College, UK, authoring his theses on “Word-of Mouth Marketing - The Key Elements for Growth in the Private Medical Insurance Sector”.

  Mr. Micallef grew in the Health Industry, moving up to become a management consultant for a private hospital, Capua Palace Hospital Malta where he advised management in the design and implementation of theatre operations and ward management systems.

  Mr. Micallef’s experience as an insurance trainer spans over eighteen years as a visiting lecturer at the one of the leading Insurance Training Centres in Malta, in Bahrain, United Arab Emirates, Oman and Saudi Arabia.
  He has developed and delivered several workshops for a diverse audience in medical insurance and provided tuition for CII subjects in Private Medical Insurance, Claims Management and Risk Management, Economics, Insurance Law, Insurance Risk and Capital Management and Fraud Detection and Avoidance in Financial Services.

  He also lectures in Information Systems in Business, Economics,Business Administration,Customer Care Strategies,Business Organisational Structures and Business Operations and Processes.

  Furthermore, Mr. Micallef also lectures in Quantitative Methods and Research, Marketing, Contemporary Marketing Communication, International Marketing Strategy and Leading and Managing with Ethics and Managing Excellences in Processes & Projects, in the B.A., M.B.A. and M.Sc. programmes at Global College, Smart City Malta for Global College, the University of Chester, NCC Education, the London School of Commerce and the University of Bedfordshire .

  Mr. Micallef is also currently delivering lectures for the Continuous Professional Development programmes for the Maltese Insurance Industry, as set out by the Malta Financial Services Authority.
  

  EVENT CPE COMPETENCES

  3 Hours Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  Show details
• M2032.1 - The FIAU Implementing Procedures Part II (Online)

  • When
    21 Oct 2020
  •  
    13:30 - 16:45 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute coffee break
  Speaker: Dr Clara Borg Bonaci 
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  During this introductory lecture speakers will be guided through the different sections of the Implementing Procedures Part II for Accountants and Auditors. The Implementing Procedures Part II tackles concepts which previously lacked sufficient clarity, such as the parameters of ‘relevant activity’ and ‘tax advice’, and the notion of the ‘external accountant’. The document also details the FIAU’s expectations vis-à-vis onboarding and ongoing monitoring requirements, among other topics. Thus the focus of this session will be on explaining the interpretation of key AML/CFT obligations as applicable specifically within the accounting and audit professions. The session will conclude with Q&A from participants, and participation is encouraged throughout.

  EVENT CPE COMPETENCES

  3 Hours Core 

  webinar TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  Show details
• M2076 - DLT Assets, VFA Regulation & Legal Implications for VFA services (Online)

  • When
    22 Oct 2020
  •  
    13:30 - 16:45 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute coffee break
  Speaker:Dr Wayne Pisani
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  SYNOPSIS

  The session will provide a broad overview of the tax and regulatory aspects in the application of distributed ledger technology (DLT) to the financial world.

  Background Information

  Malta embarked on a path to be a pioneer in providing regulatory clarity in the application of distributed ledger technologies (DLT) such as blockchain, the technology behind cryptocurrencies of the likes of bitcoin and ether. To this end, the Commissioner for Revenue issued guidelines on taxation in relation to DLT assets, complementing the regulatory certainty introduced by the Virtual Financial Assets Act.
  

  The session is intended to introduce the audience to the types of DLT assets by reference to the better-known world of crowdfunding and ancillary regulatory aspects.
  

  This will be followed by an overview of matters relating to taxation of virtual financial assets in light of European Union direct and indirect tax principles, taking into consideration the approach taken by the Maltese Commissioner for Revenue in its guidelines intended to clarify the taxation of DLT Assets under the Income Tax Act, the VAT Act and the Duty and Documents and Transfers Act, and initiatives adopted by other jurisdictions seeking to clarify the tax implications of particular type of DLT assets, as well as possible ways of addressing the volatility in calculating the tax base for reporting purposes.

  Topics on the Agenda

  • Regulating the token economy

  • The peculiarity of the tokens - the constitutive parts

  • Categorisation of digital currencies for regulatory purposes

  • Tokenisation: an analytical comparison of crowdfunding initiatives to virtual tokens issued in fundraising transactions (initial coin offerings [ICOs] or token generation events [TGEs])

  • The VFA regulatory framework

  • Taxation of virtual financial assets - direct tax, indirect tax and transfers duty

  o Payment tokens and coins

  o Utility tokens

  o Security tokens

  o Hybrid tokens

  • Volatility in calculating the tax base reference rate for virtual financial assets

  
  

  Target audience

  The seminar is aimed at practitioners and other service providers seeking to understand the regulatory framework and tax fundamentals within the context of distributed ledger technology, including virtual financial assets and other DLT assets, in the context of their work and business unit, learning more about the application of established tax principles to this growing industry, including (but not limited to) entrepreneurs, consultants, senior and middle management individuals who are involved in business consultancy and advisory services, and at others who are interested in keeping themselves up to date with the latest developments.

  Speaker’s profile

  Dr Wayne Pisani heads the regulatory and compliance function within Grant Thornton and leads the financial services tax and regulatory team where he deals with a wide range of asset protection and cross-border regulatory and tax planning engagements for clients ranging from private clients, including family offices and high-net-worth individuals, to NASDAQ listed companies in various industry sectors. He conducts an active consulting practice on the legal and tax implications involved in the structuring of both local and international financial institutions, M&A and project finance transactions.

  Wayne is the president of the Malta Institute of Financial Services Practitioners and a governor of FinanceMalta. He is also a member of the International Fiscal Association, the International Bar Association and the Maltese Chamber of Advocates.

  He was admitted to the Bar in 2001 following a Bachelor of Arts degree in Law and International Relations, and a Doctorate in legal studies from the University of Malta in 2001 after researching and submitting a thesis on "Merger control: a comparative study of regulatory systems for potential implementation into the Maltese legal system." Wayne also read for a Master of Arts degree in Financial Services at the University of Malta, graduating in 2003 after submission of a thesis entitled "The Impact of Information Technology on Financial Services". In 2018, having successfully submitted a research project on "Tax arbitrage in ICOs: a European perspective", he was awarded an Advanced Diploma in International Taxation by the Chartered Institute of Taxation.
  

  He is an active thought leader in the financial technology space, making regular contributions at fintech conferences, and has a passion for the security and technological aspects of distributed ledger technology. He is also a joint contributing author to "European Competition Laws: A Guide to the EC and its Member States, the leading legal compendium with respect to Competition law in Europe", published by Lexis Nexis and revised annually.

  EVENT CPE COMPETENCES

  3 Hours Core

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  
  

  Show details
• M2105 - Budget Overview 2021 (Online)

  • When
    23 Oct 2020
  •  
    09:15 - 12:30 (UTC+02:00)
  • Location
    Online Webinar

  Register

  Registration Time: 09.00
  Sessions Time: 09.15 - 12.30 including a 15-minute coffee break
  Speaker: Ms Jana Farrugia 
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  Budget 2021 will surely play an important part in Malta’s COVID_19 recovery place. This session will cover measures that will be discussed in the much anticipated budget speech that will be introduced for 2021.

  Objectives of the session:

   To provide attendees with an update in relation to the measures put forward by the Budget Speech especially in relation to fiscal developments and other measure that impact business.

  Target Audience:

  Accountants, finance personnel and lawyers

  Topics on the Agenda:

  - Changes to the Income Tax Act and subsidiary legislation
  - Changes to the VAT Act
  - Other relevant developments

  Speaker's Profile:

  Jana is a Senior Manager responsible for Tax Advisory and Compliance Services at RSM Malta. With over fifteen years’ experience, her main area of practice is taxation and other related matters including corporate tax, personal tax and international tax. She has been managing a tax compliance function for over ten years and has led teams in meeting client compliance requirements as well as being actively involved in advisory engagements for both local and international clients within various industries. Jana is a Certified Public Accountant and Registered Auditor having an Honours Degree in the Bachelor of Arts in Accountancy from the University of Malta. She further specialised in taxation obtaining a post-graduate Diploma in Taxation.

  EVENT CPE COMPETENCES

  3 Hours Core 

  webinar TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  Show details
• M2032.2 - Money Laundering in Practice (Online)

  • When
    27 Oct 2020
  •  
    13:30 - 16:45 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute coffee break
  Speaker: Dr Yanika Pisani and Dr Roxanne Borg
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  Part 1: Risk Factors and Mitigating Measures

  Chapter 3 of the FIAU Implementing Procedures Part I requires subject persons to know the ML/FT risks they are exposed to, and to adopt measures, controls and procedures which are varied depending on the level and nature of the different risks. To adopt an effective risk-based approach towards AML/CFT obligations, accountants and auditors must have a meaningful understanding of the various ML/FT risks that are relevant to their sector. During this interactive session, officials from the FIAU will set out the various customer, jurisdictional, product/service, transactional and interface risk factors which practitioners may come across when providing their services, and will suggest commensurate measures which may be undertaken to mitigate the risks in question.

  Part 2: A Study of FIAU Cases involving Local Accountants and Auditors

  During this session, the FIAU will be bringing risk factors to life through a number of case studies analysed by the FIAU which involved local accountants and auditors. Participants will be placed in the shoes of the subject person involved and will be asked to point out prominent red flags and high risk factors. This session will conclude with a round-up of ML typologies involving accounting and audit services, and crucial red flags which practitioners should be looking out for when exercising their profession.

  EVENT CPE COMPETENCES

  3 Hours Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2032.3 - The Practitioner’s Relationship with the FIAU (Online)

  • When
    29 Oct 2020
  •  
    13:30 - 16:45 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute coffee break
  Speaker: Ms Kailey Ebejer & Ms Consuelo Marzi
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  Part 1: From Suspicion to Reporting

  During this session, officers from the FIAU’s Financial Intelligence will explain the framework surrounding the obligation to report suspicious transactions, and will shed light on the procedure followed by the FIAU upon the receipt of a STR.

  Part 2: Supervision and Enforcement

  The final session in this series will prepare accountants and auditors for off-site and on-site examinations carried out by the FIAU, by explaining the entire supervisory process, sharing best practises and letting them know what to expect from a supervisory exercise.

  
  

  WEBINAR CPE COMPETENCES

  3 Hours Core 

  TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  Show details
• M2032.4 - The Register of Beneficial Owners: a practical insight (Online)

  • When
    3 Nov 2020
  •  
    13:30 - 16:45 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute coffee break
  Speaker: Dr Petra Camilleri  &  Dr Geraldine Ann Spiteri Lucas
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  The 4th Anti-Money Laundering Directive introduced requirements on Member States to set up central registers of beneficial ownership of legal entities such as companies and foundations, and of trusts and other legal arrangements. The directive defined what type of beneficial ownership information is to be reported in the registers and also set out specific levels of access for different third parties to the information held in the registers. The amendments introduced by the 5th Anti-Money Laundering Directive also affected the beneficial ownership registers, particularly with respect to the access levels expected by the Directive.
  - Objectives of this session
  To provide an overview of the requirements relating to the obligations for the reporting of beneficial ownership of companies, other legal persons and trusts whilst also providing guidance on how such data is to be reported in practice, the expectations vis-à-vis such reporting and also information about how such data is accessible and by whom.

  Topics on the agenda

  Petra

  • Overview of the legislative requirements relating to the creation of a central register for beneficial ownership of trusts

  • 5th Anti-Money Laundering Directive – what has changed vis-à-vis the register of beneficial ownership of trusts

  • TUBOR - The Trusts Ultimate Beneficial Ownership Register online portal

  • TUBOR – How to submit declarations of beneficial ownership of trusts – Trustees

  • TUBOR – How to request access to be beneficial ownership information of trusts

  Geraldine

  • Overview of the legislative requirements relating to the creation of a central register for beneficial ownership of commercial partnerships

  • 5th Anti-Money Laundering Directive – what has changed vis-à-vis the register of beneficial ownership of commercial partnerships

  • The register of beneficial owners on of commercial partnerships online portal

  • New forms for disclosure of information-

  Target audience

  Practitioners(accountants, lawyers), company service providers, trustees, subject persons in terms of the Prevention of Money Laundering and Funding of Terrorism Regulations

  Speakers' Profile

  Dr Petra Camilleri – Senior Manager, Conduct Supervision – MFSA 

  Petra Camilleri graduated with a Doctor of Laws from the University of Malta and has also obtained a Masters of Laws with specialisation in commercial and corporate law with the University of London. She joined the Malta Financial Services Authority (“MFSA”) in 2012, forming part of the Trustees and Company Service Providers Supervision Team which is now within the remit of the Conduct Supervisory Unit since 2015. She was involved in the transposition of the provisions of the Fourth and Fifth Anti-Money Laundering Directive in so far as they relate to the beneficial ownership information of trusts and the setting up of the Trusts Ultimate Beneficial Ownership Register. She was also involved in the development of the regulatory framework applicable to Trustees of Family Trusts, as well as other legal and regulatory drafting projects relating to trusts and trustees.

  Dr Geraldine Spiteri Lucas

  Dr Geraldine Spiteri Lucas is the Chief Legal of the Malta Business Registry and she heads the Legal Unit. After graduating as a lawyer from the University of Malta she read for a Masters in European and Comparative law. She started her career with a leading local law firm where she used to offer legal advice to local and international clients and also represented various clients, as litigator, before Tribunals and local Courts. She was involved in the transposition of the provisions of the Fourth and Fifth Anti-Money Laundering Directive relating to the register on beneficial owners of commercial partnerships and the setting up of such register. She is also a member of the board of examiners for the Department of Commercial Law of the University of Malta.

  EVENT CPE COMPETENCES

  3 Hours Core 

  TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  Show details
• M2102 - Managing Fraud Risk - Forensics and Effective Controls (Online)

  • When
    5 Nov 2020
  •  
    13:30 - 16:45 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute break
  Speaker: Mr Steve Giles
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information 

  Fraud is a crime that threatens both an organisation's profits and reputation. These threats are increasing so that it is vital that fraud risks are managed effectively – this course shows exactly how this can be done.

  Objectives of the session

  Participants will learn about the various types of fraud and the modern threat landscape, in particular the important and developing danger of cyber crime. They will also be made aware of the motives and behaviours of fraudsters and so will be in a position to spot behavioural red flags. A key part of developing an effective fraud risk management framework is being aware of those controls that work in practice and delegates will be taken through the key preventative measures and detective techniques used by organisations today to fight fraud.

  Topics on the agenda

  • Overview of the modern financial crime threat landscape

  • Analysis of fraud risk - scale, perpetrators, cyber threats, typography (including bribery and corruption)

  • Focus on the key prevention and detection controls

  • Responsibilities for managing fraud risk

  • Practical tips for accountants on preventing and detecting fraud

  • Review of cyber threats for SMEs and OMBs

  • Review of recent cases

  Target Audience

  Accountants and auditors; executive and non-executive directors; government officers; responsible professionals 

  Speaker's Profile

  
  

  Steve Giles is a chartered accountant with over 25 years’ experience in managing financial crime risk. He gained wide-ranging forensic experience with Deloitte, including managing the Polly Peck investigation. After leaving Deloitte, Steve set up and ran two companies, working with executives in the UK, Europe and the US to achieve successful outcomes to problem situations.

  Now an independent consultant, Steve continues to advise clients and runs governance, compliance and risk management programmes around the world. He is part of the lecturing faculty at the London Stock Exchange, the Institute of Directors and the ACCA. He lectures on all aspects of governance and financial crime risk and is much in demand at conferences, workshops and training events for his authoritative presentations on topics such as governance & ethics, fraud & bribery and corruption, anti-money laundering and risk & resiliency.

  Steve holds an MA from Christ Church Oxford. He is a Guest Lecturer at Royal Holloway, University of London. He is a regular contributor to ACCA’s AB Magazine and is the author two books: “Managing Fraud Risk” and “The Business Ethics Twin-Track”, both published by John Wiley & Sons in 2012 and 2015 respectively.

  EVENT CPE COMPETENCES

  3 Hours Core 

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2074 - VAT & Immovable Property (Online)

  • When
    6 Nov 2020
  •  
    09:15 - 12:30 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 09.00
  Sessions Time: 09.15 - 12:30 (including a 15 minute break)
  Speaker: Mr Brandon Gatt
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Synopsis

  The VAT treatment of immovable property in its difference aspects has always been an area where queries and doubts are commonly posed by businesses and other professionals. In view of this, the aim of this seminar is to go through the pertinent legal provisions and applying them to practical scenarios.

  BACKGROUND INFORMATION

  The VAT treatment of immovable property in its different aspects has always been an area where queries and doubts are commonly posed by businesses and professionals. In the Maltese VAT legislation, one could find a specific exemption (without credit) on the letting and the transfer of immovable property, however, there are instances where the letting of immovable property would become taxable.

  OBJECTIVES OF THE SESSION

  The objective of this session is to go through the pertinent legal provisions from the Maltese VAT legislation in connection with immovable property and explain these with practical examples. Before determining the applicability of VAT on a transaction, it is pertinent to establish where that transaction is treated as taking place by reference to the place of supply rules. In this regard, the session will cover the place of supply rules of services connected with immovable property. Furthermore, the speaker will go through the exemption related to the letting and transfer of property, the exceptions to such exemption and any connected implications as a result of such supplies.

  TOPICS ON THE AGENDA

  • Legal Basis

  • Pertinent Definitions

  • Place of supply rules – Services in connection with immovable property

  • Exemptions

  • Input VAT recovery

  • Tax in Danger

  TARGET AUDIENCE

  The training course is particularly suitable for professionals, tax advisors and practitioners working in VAT or who are pursuing or intend to pursue a career generally in taxation and specifically in the area of indirect taxation. This session may also be applicable to financial controllers and CFOs.

  SPEAKER PROFILE

  Brandon Gatt, a Certified Public Accountant in possession of an ACCA degree, has been in the profession for the past six years. He has been involved in VAT and accounting assignments both within and outside of Malta. Brandon has been specialising in VAT since 2016 and is currently leading the VAT Compliance division at Zampa Debattista.

  In a relatively short period, Brandon has acquired the necessary experience vital to handling an ever-growing portfolio of diverse clients, operating within various sectors of the economy. Back in June 2017, he attended an intensive course in France, provided by VAT Forum; a partnership of International VAT experts, where he was provided with intensive training on the Articles of the EU VAT directive 2006/112/EC.

  Brandon also provides in-house training to established companies within and outside Malta, and is also a lecturer for the ‘Certificate in TAX Compliance’ being offered by the Malta Institute of Taxation. He is also a lecturer with ZD Academy and also lectures the ACCA Advanced Taxation (P6-VAT)

  EVENT CPE COMPETENCES

  3 Hours Core

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2082 IT Governance (Online)

  • When
    10 Nov 2020
  •  
    13:30 - 16:45 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute break
  Speaker: Mr Alan Alden
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  Governance has become a word very often used but very little understood or practiced properly. What is Governance and more specifically what is IT Governance and how do Corporate Governance, IT Governance and Information Security Governance interact with each other and help a company successfully achieve its objectives. What is good governance and why is it essential to strategy?

  Objectives of the session

  To understand good governance with focus on IT Governance and its contribution to strategic objectives.

  Topics on the agenda

  • Introduction to Governance;

  • IT Governance;

  • Information Security Governance;

  • Monitoring and auditing Governance.

  Target Audience

  C-Level Management, Directors, Compliance officers, CFOs, regulators

  Speaker's Profile

  Alan has been involved in Internal Audit since 1990 where he started at the Internal Audit Department of Bank of Valletta plc. Alan had evolved into an IT Auditor however he continued to provide outsourced internal audit functions from Deloitte and from Kyte Consultants Ltd where they have an Internal Audit service line specially geared up for the regulated industries such as gaming and finance. Alan is a part time lecturer at the University of Malta where he lectures on IT Auditing.
  

  EVENT CPE COMPETENCES

  3 Hours Core 

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2055.1 - VAT Q&A Session – GOODS (Online)

  • When
    20 Nov 2020
  •  
    09:15 - 12:30 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 09.00
  Sessions Time: 09.15 - 12.30 including a 15-minute coffee break
  Speaker: Mr Saviour Bezzina
  Venue: Online Webinar

  Depending on the COVID-19 situation, CPE might be held face to face.

  Participation Fees
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  Transactions in goods give rise to a number of VAT issues primarily relating to the place of supply, applicable exemptions and or VAT Rates, person responsible to charge VAT (supplier or Reverse charge Mechanism?), and the manner of declaration in the various VAT forms. Moreover one may come across various types of transactions in goods including Domestic Sales, Domestic Purchases, Intra community supplies, Intra community Acquisitions, Exports, Imports, Distance Sales, Triangulation, Movement of own goods, Call -Off stock and others. All these transactions have different features which determine different VAT treatments applicable to the respective transactions. Hence it is of paramount importance to be aware of which factors effect the VAT treatment and in which manner with a view to ensure that the correct VAT treatment is applied in line with the provisions of the VAT legislation.

  Objectives of this session

  The scope of the session is to first give an overview of the technical aspects applicable to such transactions in goods and determine how to best arrive at the appropriate VAT treatment whilst avoiding common pitfalls. Then we will move on to the main types of transactions in goods that may exist including Domestic Sales, Domestic Purchases, Intra community supplies, Intra community Acquisitions, Exports, Imports, Distance Sales, Triangulation, Movement of own goods, Call -Off stock and others via practical examples which will incorporate the issues raised by participants beforehand. The objective is to explain the topic in a user friendly manner so that participants can subsequently apply the knowledge acquired in their day to day work to ensure the application of the proper VAT treatment.

  Topics on the Agenda:

  Basics Goods
  Types of transactions: Domestic Sales/Purchases, ICSs/ICAs, Exports/Imports, Distance Sales, Triangulation, Movement of Own Goods, Call-Off Stock
  Arriving at the correct VAT treatment, including:
  

  • determination of the place of supply,

  • applicability of any exemptions

  • liability to charge VAT (general rule vs Reverse Charge)

  • how/where to declare in the VAT Return/Recapitulative Statements/Intrastat Forms

  • Practical Examples

  • Recent/Upcoming Changes

  Target audience

  VAT, Accounting, Tax Practitioners and other accounting staff dealing with the vat treatment of international trade and cross border transactions and with VAT Returns preparation
  

  Speaker's Profile

  Saviour Bezzina is a Senior Manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters.Saviour Bezzina is a Senior Manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters. Saviour was awarded the 2007 MIA prize as the best student who graduated in the Bachelor of Accountancy (Hons) Degree Course Group 2004/2006.
  

  EVENT CPE COMPETENCES

  3 Hours Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  
  

  
  

  Show details
• M2098 - Valuation deep dive workshop – Intermediate level – 2 sessions (Online)

  • Start
    25 Nov 2020
  •  
    (UTC+01:00)
  • End
    2 Dec 2020
  •  
    (UTC+01:00)
  • Schedule
    2 sessions
  • Location
    Online Webinar

  Register

  Registration Time: 09.45
  Sessions Time: 10:00 - 14:30 including 30 mins break
  Speaker: Mr Michael Zarb
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €100.00
  Non-MIA Members: €190.00
  Retired Members: €40.00
  Students: €70.00

  Intermediate valuation deep dive workshop 1: Introduction to discounted cash flow analysis

  Short Synopsis

  Valuation is an essential tool employed by accountants and finance professionals for financial reporting, capital budgeting or investment appraisals purposes. Over two workshops this course will provide an intermediate-level deep dive into established business valuation approaches with a primary objective of building confidence in applying these techniques and understanding the reasonableness of the assumptions that underpin them. This first workshop will introduce the discounted cash flow technique and focus on the key steps for developing financial projections that are consistent with valuation principles.

  The workshop will conclude by introducing the main building blocks of an appropriate discount rate.

  
  

  Objectives of the Session

  
  

  The first workshop will focus on building a working knowledge of the discounted cash flow technique. It will introduce you to the concepts of the net present value (NPV), review alternative discounted cash flow models, examine the components of free cash flow and the concept of terminal value, and discuss practical expedients to developing a complete discounted cash flow model.

  
  

  The session will end by introducing the typical building blocks of a discount rate.

  
  

  Topics of the agenda

  
  

  - Basis of value
  - The concept of net present value and discounted cash flows
  - “Free Cash Flows to the Firm”, and its components, and practical expedients for developing a consistent set of underlying assumptions
  - The terminal value and its components
  - The weighted average cost of capital methodology.
  - The Capital Asset Pricing model

  
  Target audience

  
  

  - Auditors and accounting professionals
  - CEOs, CFOs and other employees who may need to source or review valuation reports
  - Asset managers and investment advisors

  
  

  Structure of the Session

  1) Overview of the basis of value

  2) Common area of application of the valuation techniques: the use of the DCF model in capital budgeting, financial reporting and investment appraisal

  3) The present value concept:
  a. Time value of money
  b. Risk and Reward in finance
  c. IRR as all-in risk-adjusted discount rate

  4) Present value technique used in business/asset valuation: the DCF model

  5) Building a DCF Model:
  a. Free cash Flows to the Firm and its components
  b. Marginal vs Effective Tax
  c. The impact of the tax shield on interest costs
  d. The use of NOPLAT
  e. Working capital movements
  f. Capital expenditure and the return on capital
  g. The components of the terminal value, steady state assumptions and estimating the reinvestment rate

  6) Estimating the discount rate
  a. Weighted average cost of capital
  b. Capital asset pricing model
  c. Understanding a firm’s Optimal capital structure
  d. Practical expedients and information sources to estimate the discount rate

  Intermediate valuation deep dive workshop 2:  Value enhancement through DCF and alternative valuation methodologies

  SHORT SYNOPSIS

  The flexibility and robustness of the DCF model places it among one of the most widely used valuation methodologies in the field. However, each business has specific features that need to be considered when applying the DCF and estimating the discount rate. Building on the first workshop, this session will expand on additional risk factors which should be considered when using the DCF valuation methodology. The session will also tie up other loose ends, such as consolidations, joint ventures, and share based options. We will conclude on the DCF model by examining the key value drivers in a DCF model and how these drivers may act as insightful indicators of areas for improvement within our businesses.
  

  
  

  The session will then proceed to introduce market based approaches to company valuation (or “pricing”). Various common types of valuation multiples will be examined and linked to the discounted cash flows technique in order to better study the underlying assumptions that are inherent in their use. We will discuss different methods of application, including statistical approaches, and highlight common pitfalls associated with their use.
  

  
  

  Objectives of the Session

  
  

  The workshop will pick up from the outcome of workshop 1 by concluding on the DCF model by;
  a) Discussing the modified capital asset pricing model and associated adjustments to the discount rate that need to be considered in different situations;
  b) Addressing some loose ends relating to potential complications and specific scenarios;
  c) Examining the key value drivers of a DCF model and in order to allow for a better final review of a DCF valuation model.

  
  

  The workshop will then go on to fully present market based approaches towards pricing assets, highlighting the underlying link to the discounted cash flow model and the inherent assumptions underlying the use of market multiples.

  
  

  Topics on the Agenda:

  
  

  - Modified capital asset pricing model.
  - Loose ends in a valuation; dealing with other claims to equity and complicated corporate structures.
  - reviewing the key value drivers of a DCF model
  - Complete review of market multiples and the recent transaction method

  
  

  Target Audience

  - Auditors and accounting professionals
  - CEOs, CFOs and other employees who may need to source or review valuation reports
  - Asset managers and investment advisors

  
  

  Structure of the Session

  
  

  1) WACC Methodology – brief recap

  
  

  2) Modified CAPM
  a. Small firm premium
  b. Country risk premium
  c. Company specific risk premium

  
  

  3) Projection risk

  
  

  4) Value enhancement framework
  a. DuPont Analysis
  b. Reinvestment rate, return on capital and expected growth rate
  c. Cash conversion cycle
  d. Optimal capital structure

  
  

  5) Introduction to market approach
  a. Valid formats of a multiple
  b. Linking DCF to a multiple - understanding implied assumptions
  c. Understanding the different sources of data for market approach
  d. Pro vs Cons of multiples-based approach, and how different application methods can mitigate some disadvantages

  
  

  Speaker's Profile

  
  

  Michael Zarb is a Senior Manager at Deloitte, specialising in valuation work and debt advisory. He is a qualified accountant and corporate finance professional with 12 years of experience. Throughout his career Michael has led various valuation assignments, ranging from valuing tangible and intangible assets for corporate reporting requirements, to valuing investments and derivatives for assisting funds produce regular NAV updates, or to assist in strategic decision making and investment appraisal, M&A activity and for tax purposes. Michael is a Chartered Accountant (ICAEW) and holds a BA (hons) from the University of Leicester and an MSc from the London School of Economics.

  EVENT CPE COMPETENCES

  8 Hours Core

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  Show details
• M2104 - The MLRO: Compliance & Effectiveness (online)

  • When
    26 Nov 2020
  •  
    13:30 - 16:45 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 -  16.45  including a 15-minute break
  Speaker: Dr Antonio Ghirlando
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  SYNOPSIS:

  The seminar will outline the salient legislative provisions relating to the appointment and duties of the MLRO and will offer practical guidance in carrying out both the reporting and monitoring functions in order to ensure effectiveness.
  The personal responsibilities and accountability of the MLRO will also be addressed during the presentation.

  BACKGROUND INFORMATION:

  In terms of the Prevention of Money Laundering & Funding of Terrorism Regulations (PMLFTR) all Subject Persons are required to appoint a Money Laundering Reporting Officer (MLRO). This applies equally to natural and legal persons carrying out relevant financial business (i.e. credit and financial institutions) or relevant activity (i.e. the Designated Non-Financial Businesses and Professions or DNFBPs). Sole-practitioners act as the MLRO for their own practice.

  In terms of the Regulations, the core function of the MLRO is to deal with any information, knowledge or suspicion of money laundering, terrorist financing and the proceeds of criminal activity – and to properly disclose such matters to the Financial Intelligence Analysis Unit (FIAU). The MLRO is also responsible for responding promptly to information requests from the FIAU, as well as other competent and law enforcement authorities.

  In practice, the MLRO is often tasked with monitoring the day-to-day application of the measures, policies, controls and procedures adopted by the Subject Person to ensure compliance with its AML/CFT obligations. In effect, the MLRO serves as the contact point for all issues related to the PMLFTR and Implementing Procedures issued thereunder.

  Given the critical role they play, MLROs are under increasing pressure to retain, maintain and enhance their skills and knowledge. This is highlighted further by the personal accountability measures recently introduced in the PMLFTR.

  Objectives of the session:

  The session is designed to provide participants with:
  - An explanation of what is expected of the MLRO;
  - Practical ways to comply with the salient legislative provisions and meet regulatory expectations;
  - Guidance on how to deal with Suspicious Transaction Reports (STRs) and conduct an internal analysis;
  - The necessary knowledge for assessing the adequacy and effectiveness of an AML/CTF programme; and
  - An understanding of the challenges faced in executing the role.

  TOPICS FOR THE SESSION:

  - The regulatory framework
  - The appointment and resignation of the MLRO
  - The roles and responsibilities of the MLRO
  - MLRO needs and requirements
  - The key characteristics of a MLRO
  - Being an effective MLRO
  - Overview of related legislative provisions

  TARGET AUDIENCE

  The session is primarily addressed to Money Laundering Reporting Officers (including sole practitioners), Designated Employees, and other staff members forming part of a Subject Person’s compliance department and internal audit function.

  Directors and C-Level Executives would also derive considerable benefit from the session as they are the ultimate risk owners.

  SPEAKER'S PROFILE

  Antonio Ghirlando is a seasoned regulatory and financial crime compliance specialist, focusing primarily on the prevention of money laundering, countering the funding of terrorism, combatting proliferation finance and sanctions.

  Antonio currently serves as the Head of Compliance and Money Laundering Reporting Officer (MLRO) of a licensed institution. He also remains actively involved in the provision of specialist advice, intuitive guidance, support and training to several clients seeking to ensure ongoing compliance with their regulatory obligations.

  During his career Antonio has worked with various entities in both the financial and non-financial sectors. He also headed the Compliance and Legal & International Sections of the Financial Intelligence Analysis Unit (FIAU) and served as the Secretary General of the Malta Bankers’ Association (MBA).

  Antonio has been involved in several local and international committees, and has also presented numerous papers at various workshops, seminars, conferences and training events. Antonio is a graduate of the University of the Witwatersrand in Johannesburg, South Africa.

  EVENT CPE COMPETENCES

  3 Hours Core

  TERMS AND CONDITIONS

  Terms and conditions apply.

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  
  

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• M2055.2 - VAT Q&A Session – SERVICES (Online)

  • When
    27 Nov 2020
  •  
    09:15 - 12:30 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 09.00
  Sessions Time: 09.15 - 12.30 including a 15-minute coffee break
  Speaker: Mr Saviour Bezzina
  Venue: Online Webinar

  Depending on the COVID-19 situation, CPE might be held face to face.

  Participation Fees
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  Transactions in services give rise to a number of VAT issues primarily relating to the place of supply, applicable exemptions and or VAT Rates, person responsible to charge VAT (supplier or Reverse Charge Mechanism?), and the manner of declaration in the various VAT forms. Moreover one may come across various types of transactions in services which follow different VAT rules depending on the nature of the transactions especially transactions regulated by different place of supply and exemption rules. All these transactions have different features which determine different VAT treatments applicable to the respective transactions. Hence it is of paramount importance to be aware of which factors affect the VAT treatment and in which manner with a view to ensure that the correct VAT treatment is applied in line with the provisions of the VAT legislation.
  

  Objectives of this session

  The scope of the session sessions is to first give an overview of the technical aspects applicable to such transactions in services and determine how to best arrive at the appropriate VAT treatment whilst avoiding common pitfalls. Then we will move on to the main types of transactions in services that may exist including the various types of domestic and cross border supplies of services via practical examples which will incorporate the issues raised by participants beforehand. The objective is to explain the topic in a user friendly manner so that participants can subsequently apply the knowledge acquired in their day to day work to ensure the application of the proper VAT treatment.

  Topics on the Agenda:

  VAT Basics Services
  Types of transactions: domestic and cross border transactions in services
  Arriving at the correct VAT treatment, including:

  • determination of the place of supply,

  • applicability of any exemptions

  • liability to charge VAT (general rule vs Reverse Charge)

  • how/where to declare in the VAT Return/Recapitulative Statements/Intrastat Forms

  • Practical Examples

  • Recent/Upcoming Changes

  Target audience

  Accounting, Tax Practitioners and other accounting staff dealing with the vat treatment of international trade and cross border transactions and with VAT Returns preparation
  

  Speaker's Profile

  Saviour Bezzina is a Senior Manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters.Saviour Bezzina is a Senior Manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters. Saviour was awarded the 2007 MIA prize as the best student who graduated in the Bachelor of Accountancy (Hons) Degree Course Group 2004/2006.
  

  EVENT CPE COMPETENCES

  3 Hours Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  
  

  
  

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• M2091 - Tax treatment of the shipping business (Online)

  • When
    1 Dec 2020
  •  
    13:30 - 16:45 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute break
  Speaker: Dr. Robert Attard
  Venue: Online Webinar

  Depending on the COVID-19 situation, CPE might be held face to face. 

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  
  

  The seminar will discuss the Income Tax Treatment of Profits from Shipping including the reform agreed with the EU. In addition, the seminar will discuss both international tax and indirect tax rules governing the industry. The taxation of masters, seamen and other employees of shipping companies will covered too.

  Objectives 

  The objective of the seminar is to provide the audience with a basic understanding of the domestic and international tax rules governing the shipping industry.

  TOPICS ON THE AGENDA

  Part I Corporate Tax
  

  • The Default Tax System

  • The Special Regimes

  Part II
  

  • Taxation of Masters, Seamen and Other Employees

  • International Tax Considerations

  Part III
  

  • Indirect Tax

  Target Audience

  MIA members, non-members and students

  Speaker's Profile

  Robert is Partner and Tax Policy Leader, EY, Central & South East Europe, a tenured senior lecturer at the University of Malta, a fellow of GREIT and member of the European Association of Tax Law Professors. In the IBFD’s 2015-2017 General Report on the Protection of Taxpayers’ Rights he was described as a well-known authority broadly experienced in the practical protection of taxpayers’ rights and a prominent member of the legal practice. Having served as a panellist at the 2015 IFA Congress he forms part of a study group of the International Law Association on the “Protection of Taxpayers’ Rights” (co-chaired by Advocate General Juliane Kokott and Pasquale Pistone) and is also a member of the Supervisory Council of the IBFD/IFA’s “Observatory on the Protection of Taxpayers’ Rights”. He has served as Visiting Professor at the University of Ferrara paying lecturing/speaking visits at Queen Mary (University of London), CTL (University of Cambridge), Salerno (with Wirtshaftsuniversitat Wien and Naples II) and the University of Palermo. The Maltese Court of Appeal has described him as a leading commentator on tax law referring to his publications in its judgements. Robert developed a detailed knowledge of tax aspects of the European Convention on Human Rights drafting submissions in cases filed against France, the Netherlands, Bulgaria and Malta. Robert is a published author on tax law publishing articles in European Taxation, EC Tax Review and the British Tax Review. He has contributed to several publications including a book published by Hart Publishing, 3 books published by the IBFD and several books published by the MIM. Philip Baker remarks that ‘Single-handedly, Robert is generating the literature which explains the structure and nuances of the system in Malta. One wishes other countries had similar authors who could write similarly enticing books to explain their tax codes.” Robert has argued most of Malta's leading tax cases including landmark judgments John Geranzi v. PM (right to justice within a reasonable time), Zahra v. PM (non bis in idem), Farrugia v. PM (taxation as a violation of the right to property) and Case 160 of 2012 (tax transparency).
  

  EVENT CPE COMPETENCES

  3 Hours Core 

  
  

  WEBINARS TERMS AND CONDITIONS

  
  

  Terms and conditions  apply

  
  

  DISCLAIMER

  
  

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2096 - Trade Secrets and confidentiality at the workplace (Online)

  • When
    9 Dec 2020
  •  
    13:30 - 16:45 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute break
  Speaker: Dr Thomas Bugeja
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  Every business and going concern has valuable trade information, which is of value due to its secrecy. Be it a secret recipe, a commission structure or a client database, these trade secrets give companies a competitive edge and their secrecy is essential for a business, its product offering, and its brand. Trade Secrets are protected in terms of EU and Maltese law, and companies can take a number of measures against offending parties and competitors when such trade secrets are illicitly divulged and used in the course of trade.

  Objectives of the session

  This session aims to introduce the topics in discussion to the attendees, bringing them up to speed with the latest legal issues related to trade secrets, confidentiality, non-compete clauses and ancillary legal matters.

  TOPICS ON THE AGENDA

  
  

  • Trade Secrets;

  • Intellectual Property;

  • Law;

  • Confidentiality;

  • Management

  Target Audience

  This session is of particular interest to accounts professionals carrying out administrative or managerial roles within their workplace.

  Speaker's Profile

  
  

  Dr Thomas Bugeja, is a Senior Associate at Fenech & Fenech Advocates practicing in Commercial , Employment and Technology law matters. Thomas has experience in advising a wide-range of commercial clients and employers on day-to-day commercial law issues, as well as on employment law matters including in the Maltese Courts and Industrial Tribunal.
  

  
  

  EVENT CPE COMPETENCES

  3 Hours Core 

  
  

  WEBINARS TERMS AND CONDITIONS

  
  

  Terms and conditions  apply

  
  

  DISCLAIMER

  
  

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2087 - VAT Considerations in the Gaming Industry (Online)

  • When
    10 Dec 2020
  •  
    13:30 - 16:45 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 13.15
  Sessions Time: 13.30 - 16.45 including a 15-minute break
  Speaker: Mr Kenneth Cremona
  Venue: Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Background Information

  In recent years multiple VAT updates, have significantly impacted the VAT considerations Gaming operators and other entities operating in the gaming industry need to undertake. The main changes are in respect to the Place of Supply Rules, right of refund, exemption/chargeability of gaming related services and most recently VAT grouping. During this session we shall go through all factors impacting the VAT treatment of companies in the gaming industry in order to ensure that the VAT treatment adopted is compliant with the Maltese VAT Act and EU VAT Directives.

  Objectives of the session

  • A refresher on the basic VAT concepts, as preparation for the delivery. 

  • Understanding gaming services which are chargeable/not chargeable for VAT purposes. 

  • Analysing the rights of input VAT deductions for companies operating in this industry.

  • Discussion on the applicability of partial attribution 

  • Working out a practical example focusing on this industry.

  
  

  TOPICS ON THE AGENDA

  
  

  • Refresher on core principles of VAT;

  • The Specific VAT considerations for Electronically supplied services;

  • Analysing the VAT activities within scope of the VAT exemption;

  • The right for input VAT deductions and partial attribution;

  • A practical example focusing on this industry.

  Target Audience

  Accountants and tax practitioners. 

  Speaker's Profile

  
  

  Kenneth Cremona graduated with a Master in Accountancy from the University of Malta in 2015. Kenneth joined RSM Malta in 2016, initially working on Income Tax Compliance dealing with clients established in multiple industries including Gaming, Immovable Property, Investments, Pharmaceuticals and Retail. During 2019, he specialised in VAT advisory and was promoted to a Supervisory role within the firm. Kenneth is also a CPA warrant holder and received the Professional Certificate in Taxation issued by the Malta Institute of Taxation in 2017.

  
  

  EVENT CPE COMPETENCES

  3 Hours Core 

  
  

  WEBINARS TERMS AND CONDITIONS

  
  

  Terms and conditions  apply

  
  

  DISCLAIMER

  
  

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

  Show details
• M2094 - IFRS 16 – Leases: an aviation focus (Online)

  • When
    15 Dec 2020
  •  
    09:15 - 12:30 (UTC+01:00)
  • Location
    Online Webinar

  Register

  Registration Time: 09:00
  Sessions Time: 09:15 - 12:30  including a 15-minute coffee break
  Speaker: Mr Georges Xuereb
  Venue: Online Webinar

  Depending on the COVID-19 situation, CPE might be held face to face. 

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  Short Synopsis

  IFRS 16 Leases removed the concept of operating and finance leases for lessees and replaced them with a single accounting model under which lessees must recognise all significant leases on balance sheet. Apart from the main impact on the balance sheet, the lease expense profile has also changed by becoming front-loaded for most leases irrespective of the consistency in the value of rental payments. The new accounting model affected financial metrics, such as a change in KPIs and introduced profit or loss and balance sheet volatility, and has affected many industries, especially companies operating in the aviation sector which have financed their aircrafts through a structure using long or short term leases.

  Background Information

  IFRS 16 introduced a single, on-balance sheet accounting model for lessees replacing previous leases guidance including IAS 17 Leases and IFRIC 4 Determining whether any arrangement contains a lease. A lessee recognises a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments. There are optional exemptions for short-term leases and leases of low value items. Lessor accounting remains similar to the current standard – i.e. lessors continue to classify leases as finance or operating leases.

  Objectives of the session

  By the end of the training session the participants will obtain an understanding of (i) the impact IFRS 16 has brought on the balance sheet and in profit or loss, and (ii) the measurement of the lease liability and the corresponding right-of-use asset in terms of the provisions of the standard. 

  TOPICS ON THE AGENDA

  IFRS 16 Leases

  Target audience

  This course will be of benefit to Practitioners in industry, students and all those in the profession.

  Speakers profile

  Georges Xuereb is a Certified Public Accountant and forms part of the Accounting Advisory Services team at KPMG Malta, holding the role of a Manager and providing technical IFRS advice and assistance to local and foreign clients operating in various industries. Georges also delivers technical training on IFRS matters internally and to his clients, and lectures the Financial Reporting (FR) and Strategic Business Reporting (SBR) modules which form part of the ACCA qualification.

  EVENT CPE COMPETENCES

  3 Hours Core 

  WEBINAR TERMS AND CONDITIONS

  Terms and conditions apply

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

  If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
  Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

  The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.

  
  

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• M2088 - Local and International Marketing Strategies (Online)

  • When
    16 Dec 2020
  •  
    09:15 - 12:30 (UTC+01:00)
  • Location
    Online Webinar

  Register