t: +356.2165.4567 | e: info@prturner.com.mt

  • Why Malta?

    Malta has been placed amongst the top knowledge economies in the world, offering one of the most progressive environments for remote gaming, IT and e-Business activities!
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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members. 

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Yacht & Shipping Services.

    All types of vessels can be registered under the Maltese Flag whilst benefiting from attractive fiscal inscentives.

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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Trust & Fiduciary.

    Preservation of wealth, protection of family members, anonymity and confidentiality are all benefits of having a trust structure.

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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Residency.

    Malta is becoming a very popular destination due to our stable economy, all year round good weather, general safety and feel-good factor!

    Find out more...
     

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • Company Formations.

    Setting up a company in Malta provides numerous benefits for foreign clients, mainly through the Maltese beneficial tax legislation. Our corporate services are delivered through the highest standards of quality.
    Find out more...

    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

  • TAXATION.

    We provide guidance to the taxpayer throughout his business activities both locally and internationally. 

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    PARKER RANDALL INTERNATIONAL
    AT A GLANCE

    Parker Randall Turner is a proud member of Parker Randall International, which is globally represented in 50 countries worldwide, with more than 100 offices and 2000 partners and staff members.

    Parker Randall International is the alternative to the big 4 Audit and Accountancy firms. Globally specialised in Audit, Tax and Advisory services.

    Find out more...

Financial Reporting & Auditing

All companies set up in Malta have a statutory obligation to have their accounting records audited by a qualified auditor. An audit includes the reviewing of the accounting system of a company and the internal control procedures carried out by the company. Through this exercise, the possibility of fraud and defalcations within the company is mitigated. 

Unfortunately, the audit exercise is sometimes considered by the Directors of companies as an unnecessary expense. At Parker Randall Turner however we adopt a proactive approach to auditing. We do not only report to the Directors the outcome of the auditing exercise, but we add more value to it by outlining to the management the weaknesses of the company. We carry out our audits, by assessing the control environment of the entities and also asses the audit risk in each area. This is carried out by reviewing the system of controls and the accounting processes carried out by entities. Various audit techniques are applied to verify the weaknesses, and combination of tests performed. This  is carried out by initially verifying the internal control procedure in conjunction with analytical reviews and substantive testing. 

Our assurance department assists management by advising on how the weaknesses outlined during the course of the audit, may be addressed and the relative processes ameliorated. Auditing will serve as a re-engineering tool to mitigate financial risk. 

Our audit department is supported with a robust IT infrastructure which assists our staff in carrying out the audit exercise in an efficient and timely manner. This, together with the selection of the best human resource and the continuous training which is provided to our staff on the latest auditing methodologies, enables us to offer to our clients the most competitive prices, with the best technical advice. 

The auditing approach adopted by the firm is audit risk based, whereby it identifies the risk areas of the company at hand and carries out the appropriate tests within each area. This is extended to the assertion levels area by area.

Every audit is planned rigorously between the auditor engaged on the job and the audit review manager. The engagement auditor together with the manager will carry out the audit plan, which is formulated at the outset to assist the audit team on the level of testing and to address and mitigate the audit risk. Reviews are carried out on-goingly with appropriate audit software. Once the audit is finalized, meetings are held with the client to discuss and conclude the audit exercise. 

Since its establishment in 1997, the firm has gained experience in the auditing of a number of industries, including but not limited to:

  • Construction / Property Development

  • Cooperatives

  • Hospitality

  • Importation and Wholesale

  • International Clients

  • Manufacturing

  • Public entities and Local Councils

  • Non Profit Organisations

  • Retail

  • Services

  • Investment

  • Maritime & Aviation

  • iGaming