SMP Forum 2013 M1320 6 CPE hours FREE event for MIA Members Tue 21 May 2013 Registration 08.30 Time 09.00-16.30 Hilton Malta, St Julians The Malta Institute of Accountants CPE 2013
The Small and Medium Sized Practices Advisory Committee within the Malta Institute of Accountants (MIA SMP Committee) is organizing its fourth annual SMP Forum. This year s event will be spread over a full-day. An array of speakers will be covering a range of topics which are of interest to the SMP. The event will be sub-divided into four sessions, with the first and fourth sessions taking the form of breakout sessions. Agenda 09.00 Welcome Speech, Anthony Doublet 09.05 Introduction, William Spiteri Bailey 09.10 Session 1 (Three Breakout sessions to choose one) Breakout session 1.1: VAT Update - Q1 2013 Matthew Zampa Breakout session 1.2: The SMPs and the Registrar of Companies: An Ongoing Relationship Joseph Caruana Breakout session 1.3: Limiting Auditor Liability Dr. David Zahra & Bernard G. Scicluna 10.45 Coffee Break 11.00 Session 2: Managing a Practice 12.30 Lunch Part 1: The Administration Function of a Small or Medium-Sized Practice Manuel Castagna Part 2: Helpful Tools to Manage a Partnership David J. Pace Part 3: What Social Media Can Do For You Daniela Castillo 13.15 Session 3: Work Life Balance: For a better Quality of Life Mariella Mamo 14.45 Coffee Break 15.00 Session 4 (Two breakout sessions to choose one) Breakout session 4.1: Ethical Challenges in the Auditing and Accounting Profession Paul Giglio & Dunstan Magro Breakout session 4.2: Joining Forces to Better Fight Money Laundering Juanita Bencini & Manfred Galdes 16.30 Closing Remarks Objectives Session 1, Breakout session 1.1: VAT Update - Q1 2013, Matthew Zampa To give an overview of the amendments to the VAT legislation that came into force as of 1 January 2013, particularly the cash accounting rules and the changes to the place of supply of the hiring of means of transport. To give an overview of the most important decisions that were delivered by the European Court of Justice during the first quarter of 2013.
Session 1, Breakout session 1.2 The SMPs and the Registrar of Companies: An Ongoing Relationship, Joseph Caruna To outline the legal duties of the ROC and the powers of investigation granted to him under the Companies Act. To discuss the practical aspects including: Frequent problems with documents filed by practitioners Expert s report when shares are issued for consideration other than cash Resignation /removal of auditors Redeemable preference shares Procedures for winding up of a company International aspects such as continuation of companies, cross-border mergers, European Company Session 1, Breakout session 1.3 Limiting Auditor Liability, Dr. David Zahra & Bernard G. Scicluna To outline the legal basics of the Accountancy Profession Act requirements on the subject matter. To discuss the practical considerations, including: Problems that one needs to look out for Comparison to the traditional firm structure of a Civil Partnership Session 2, Part 1 The Administration Function of a Small or Medium-Sized Practice, Manuel Castagna CPE hours: 0.5 Professional Development To highlight the importance of administration for an SMP, and the changing administrative challenges that come with the growth from a sole practitioner to a small firm to a mid-tier firm. To discuss how the different departments of a small or medium-sized practice depend on the effectiveness of the administration function. To delve into the different aspects that fall within the realm of SMP administration. Session 2, Part 2 Helpful Tools to Manage a Partnership, David J. Pace CPE hours: 0.5 Professional Development To identify and briefly discuss the various tools available to partners in an audit firm. To briefly discuss these management tools. Session 2, Part 3 What Social Media Can Do For You, Daniela Castillo CPE hours: 0.5 Professional Development To assist SMPs in identifying how social media can be used within a small to medium sized business environment Session 3 Work Life Balance: For a better Quality of Life, Mariella Mamo CPE hours: 1.5 Professional Development To become more aware of areas in our lives that might be improved. To explore suggestions and hopefully identify some measures that can be applied in everyday lives. Session 4, Breakout session 4.1 Ethical Challenges in the Auditing and Accounting Profession, Paul Giglio & Dunstan Magro To focus on the continuous ethical challenges which accountants and auditors, both in private practice and as Financial Controllers face. To sensitize users to the importance of relying on properly trained and qualified professionals for accounting work.
Session 4, Breakout session 4.2 Joining Forces to Better Fight Money Laundering, Juanita Bencini & Manfred Galdes CPE hours: 1.5 Professional Development To present the current legal framework and potential future developments. To explain how the FIAU monitors compliance with the relevant legislative provisions. To outline the corrective measures being imposed by the FIAU and actions to ensure compliance. To give an overview of the MIA PML Manual highlighting areas of particular relevance to SMPs. Trainers Profiles Juanita Bencini Juanita is a Partner at KPMG Malta. Juanita heads the Risk Consulting Advisory Services department in Malta, which includes responsibility for Internal Audit Services. She is also Head of R&C across TOG a sub-region within KPMG EMEA. She sits on the Council of the Institute of Financial Services Practitioners (IFSP) and is very active in the financial services sector in Malta. Juanita currently holds the position of a Chairperson of the Anti-Money Laundering Ad-hoc Committee within the Malta Institute of Accountants. Joseph Caruana Joseph started his career in a major local Bank where he worked for 13 years. In 1993 he joined the Malta International Business Authority (MIBA) where he was appointed as senior manager in 1995, working primarily in the corporate division with responsibility for offshore companies. In 1997 he was assigned duties within the Registry of Companies, when the operations of the Registrar of Companies moved from the Department of Trade to the Malta Financial Services Authority. He started acting as Deputy Registrar of Companies since 1999 and has been involved throughout the development of the Registry of Companies, both on the operational as well as on the legislative side. In December 2011, Joseph was appointed director within the MFSA and Registrar of Companies with effect from the same date. Joseph holds a BA honours degree in Business Management from the University of Malta and is also a Certified Public Accountant and a Fellow Member of the Malta Institute of Accountants. Manuel Castagna Having graduated in accountancy with honours in 1996, Manuel has seventeen years experience in professional services, mainly in audit. He trained with Grant Thornton, and after a short spell with a local law firm, he joined Nexia BT (then Brian Tonna CPA) in 2001. He became a partner in 2006, and is Nexia BT s main audit partner. He is the firm's Compliance Officer, and is hence in charge of the firm s Quality Assurance and Risk Management. Manuel is a fellow of the Malta Institute of Accountants and sits on the Institute's Auditing Committee and Small & Medium Sized Practices Advisory Committee. Daniela Castillo Daniela is a marketing professional, focusing primarily in the fields of social media strategies, online marketing and customer relationship management. She has gained significant experience in these areas after having worked for one of the top online companies in the UK, as online marketing manager driving the customer acquisition strategy. Daniela has obtained her Masters degree in International Marketing from the University of Strathclyde in Scotland. Her Masters dissertation was focused on the global opportunities and threats presented by developments in social media, and was published on two separate occasions. Daniela currently heads the Marketing and Communications functions at imovo, a company that specialises in the fields of Customer Relationship Management (CRM), Business Intelligence (BI) and social media insights. Anthony Doublet Anthony is the President of the Malta Institute of Accountants whose term as President will come to an end in June of 2013. He is a long standing elected Council member of the Institute, serving since 1998. During this time, Anthony has also been active on a number of the Institute s committees and for a number of years represented the Institute on Council of the Malta Federation of Professional Associations. Anthony has been a partner with a Big 4 Firm since 1994. Anthony is currently Ernst & Young Malta s National Professional Practice Director and Head of Assurance Services.
Manfred Galdes Manfred was appointed Director of the FIAU in 2008 after having worked within the legal and international relations section of the MFSA and then with a professional firm, focusing primarily on compliance and regulatory affairs. Besides chairing the Joint Committee on the Prevention of Money Laundering and the Funding of Terrorism, Dr Galdes also represents Malta at the European Commission s Committee on the Prevention of Money Laundering and Terrorist Financing. He is the FIAU s representative on the European Union s FIU Platform and the Egmont Group s Legal Working Group. He also forms part of the Maltese delegation to MONEYVAL. He has been involved in the drafting of various laws and lectures on the subject of prevention of money laundering and other areas of law. Dr Galdes graduated with a Doctor of Laws from the University of Malta in 2001 and was subsequently conferred the LL.M. degree in EU Commercial Law by the University of Leicester. Paul Giglio After having worked with Deloitte & Touche, Paul Giglio established Attard Giglio + Co in 1998 together with Anthony Attard. Paul Giglio specialised in statutory audit and taxation with specialist knowledge in various sectors including insurance, financial services, manufacturing, gaming and hospitality. He acts as client service partner for some our larger local and international clients. Paul Giglio is an Accountancy graduate from the University of Malta, a Chartered Certified Accountant (ACCA) and a certified public accountant. He holds a master degree in Financial services and a Diploma in Taxation. Paul Giglio is a fellow in the Malta Institute of Accountants and a member of the Institute of Taxation as well as an active member in various sub-committees. Dunstan Magro Dunstan is the managing partner of W&D, where amongst other duties, he is responsible for strategy, business development, quality and risk management of the firm. He graduated from the University of Malta in 1997. He has worked with a big four audit firm for one year before joining Winston Magro as an audit manager in 1998. He obtained his warrant as a certified public accountant with a practising certificate in audit in 2001. He is a fellow member of the Malta Institute of Accountants, a member of the Malta Institute of Taxation, and a Council member of the Malta Institute of Management, for which he is also the treasurer. Dunstan is also an active member of the Institute of Financial Services Practitioners (IFSP), housed within the Malta Financial Services Authority. Mariella Mamo Mariella graduated with a Bachelor in Psychology (Hons) and then obtained her Masters Degree in Counselling Psychology, from the University of Malta. Prior to being accepted for the Masters Degree, Mariella worked for several years with the Richmond Foundation, as a Home Support Worker. Currently Mariella Mamo works within the mental health field, both privately and within the Richmond Foundation. She also lectures at Junior College. Mariella s special interests are resilience, attachment, trauma-related issues and transitions, including meaning-making and benefit-finding in diverse situations, as well as couples therapy. David J. Pace David worked in Malta with Deloitte & Touche between 1981 and 1994. He also worked in Milan Italy with Reconta Touche Ross SAS. At the end of 1994 he set up his own firm. In June 2000 the firm rebranded to UHY Pace, Galea Musu` & Co. when his partner Pierre Galea Musu` joined. David specialised in statutory audit and consultancy services with specialist knowledge in various regulated and non-regulated sectors including banking, insurance, collective investment schemes, manufacturing, remote gaming and financial services. He acts as client service partner for local and international clients. David is a qualified Chartered Certified Accountant (ACCA) after having studied at the Emile Woolf FACT College in London. David is a certified public accountant and registered auditor, a fellow of the Association of Chartered Certified Accountants (ACCA) and of the Malta Institute of Accountants (MIA) and is an active member in various sub-committees of the Institute. Bernard G. Scicluna Bernard is the National Professional Practice Director at Deloitte Malta, coordinating all the firm s consultations relating to accounting and auditing matters, and is also responsible for handling a portfolio of audit engagements. Ben was a founder partner of the firm Curmi, Paris, Scicluna & Co which merged with Deloitte Malta on 1 January 2005. He has been an elected Council member of the Malta Institute of Accountants since 1991, and served as President during the 2009 2011 term. Between 2002 and 2011 Ben served as a member of the Small and Medium Practices (SMP) Committee of the International Federation of Accountants (IFAC) on behalf of MIA. Since 2012 Ben represents MIA on the Joint Committee for the Prevention of Money Laundering and Funding of Terrorism. He has been serving as a member of the Accountancy Board since 1997.
William Spiteri Bailey William, a Certified Public Accountant and Registered Auditor under the Accountancy Profession Act is the Managing Partner at Spiteri Bailey & Co. He is routinely involved in raising finance for clients, advising on corporate structures and preparing business plans and company valuations. His expertise is within Corporate Business advisory services and company liquidations. William is a Fellow Member, the Hon. Treasurer and Council Member of the Malta Institute of Accountants. He is also the Chairman of the Small & Medium Sized Practices Advisory Committee, within the Institute. William also represents the Institute on the BPP Malta Board of Directors. He is also an active member of the FEE SMP Ambassadors Task Force and SMP Forum, one of FEE's (Fédération des Experts-comptables Européens Federation of European Accountants) Committees. Dr. David Zahra Dr Zahra graduated as Doctor of Laws at the University of Malta in November 2006, following which he was awarded the Chevening scholarship to read for an LL.M. in Corporate and Commercial Law at the University of London (Kings College). Dr Zahra is partner in David Zahra & Associates Advocates, a law firm specialising in commercial law. Matthew Zampa Matthew is a certified public accountant specialized in VAT. Before starting off his own practice, offering accounting and Indirect Taxation services, Matthew worked with Mazars for just over two years and with Deloitte for five and a half years. He has been specializing in indirect tax advisory and VAT compliance since 2008. Matthew holds a B.Com (Hons) Management degree from the University of Malta, an ACCA qualification and a Tax Diploma from the Malta Institute of Taxation. Matthew, a member of the Malta Institute of Accountants, also contributed to the first local VAT book, Principles of Maltese VAT Law. Matthew is also a part-time lecturer with the Malta Institute of Taxation and LEAD Events. Participation Fee This event is free of charge for MIA Members. Fee for Non-Members is 75.00. After the event participants can download a soft copy of the presentations from the Institute s website by: Logging into the system using the username and password Proceed to the My Purchases tab and click on the event title Downloading the presentation from the Secure Files Section at the bottom of the page Certificate of Attendance A certificates of attendance will be issued at the end of the course. This is for your own CPE records. Booking To ensure that your event materials and catering requirements are able to be provided at the event, please register by 17.00 one working day prior to the event. To book, you are kindly requested to fill in the registration form (downloadable from the Resources section at the bottom of the event s dedicated webpage) highlighting which breakout sessions you wish to attend and send it by e-mail at info@miamalta.org or by post in the address indicated in the form itself. Non-Members are requested to send the registration form by post along with payment. The booking will be processed and confirmed once payment is received. Parking Parking at the hotel s car park will be offered on a first come first serve basis. Please collect your parking coupons from the registration desk. Terms & Conditions In case you will be unable to attend the event, you are requested to inform the Institute via e-mail at info@miamalta.org, stating whether you will be sending a replacement delegate or cancel the event booking.
For More Information Ms. Sarah Bonello & Ms. Kirsten Micallef The Malta Institute of Accountants, Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar Tel: 2258 1900, E-mail: info@miamalta.org, Website: www.miamalta.org CPE Requirements Annual Requirements: Minimum of 20 hours Structured, 5 hours Unstructured 3-year Rolling Period: Minimum 75 hours of which 30 must be Core, 45 hours Unstructured