Preparation of Financial Statements
Investment funds in Malta are typically structured as SICAVs, that is, investment companies having a variable share capital. Just as any other company, it is mandatory for SICAVs to prepare audited Financial Statements at the end of a financial year. Financial statements have to be published annually or bi-annually depending on the type of investment fund and must follow internationally recognized Accounting Standards, which set the rules for valuation methods, and the treatment of assets and liabilities. The most common set of Standards used are the International Financial Reporting Standards (IFRS). Explanatory notes form an integral part of the financial statements.
BOV Fund Services offers its accounting services for the preparation of such statements, in accordance with the IFRSs. The Financial Statements for umbrella SICAVs provide information about all of the sub-funds’ financial position for the year in question.
Among others, the accounting services include:
By entrusting your accounting requirements to BOV Fund Services, you can be certain that your Financial Statements are prepared professionally and in accordance with the latest applicable Reporting Standards.