Auditor Cover Letter (Malta)
Updated on 12 August 2026
In Malta, statutory audits may only be signed off by a warrant holder who has also obtained a practising certificate in auditing from the Accountancy Board under the Accountancy Profession Act (Chapter 281) — holding the certified public accountant (CPA) or certified public accountant and auditor (CPAA) warrant alone is not enough. Under the Companies Act (Chapter 386), Article 185(2), a company qualifies for the small-company audit exemption if it meets at least two of three criteria for two consecutive financial years: balance sheet total not exceeding €2,500,000, annual net turnover not exceeding €5,000,000, and average employees not exceeding 50. Certain entities — public companies, MFSA-regulated entities, listed companies, and parents of non-small groups — can never claim the exemption regardless of size.
A letter translated directly from a US template knows neither this warrant-plus-certificate structure nor these exemption thresholds. This template includes a dedicated section for the candidate's practising certificate status and experience assessing these thresholds.
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Auditor Cover Letter
- Date:
- Recipient:
- Candidate:
- ,
1. Certification
2. Experience
3. Achievement
Candidate
Date:
Warrant plus a separate practising certificate
A CPA or CPAA warrant from the Accountancy Board is not itself sufficient to sign statutory audit reports — a separate practising certificate in auditing is required. This letter states the candidate's practising certificate status explicitly, rather than assuming the warrant alone covers it.
The small-company exemption threshold
A company is exempt from statutory audit if it meets at least two of three criteria for two consecutive financial years: balance sheet total up to €2,500,000, turnover up to €5,000,000, and up to 50 average employees. This template lets the candidate describe experience assessing these thresholds for clients.
Some entities can never claim the exemption
Public companies, MFSA-regulated entities, listed companies, and parents of non-small groups cannot claim the small-company exemption regardless of size. A candidate with experience distinguishing these categories from ordinary small companies can note it separately.
A concrete achievement instead of general phrases
A letter that only claims the candidate is "thorough and reliable," without a specific example, gives little basis for assessment. This template requires a concrete example of an audit or engagement actually carried out.
Section by section
- Recipient
- Name of the audit firm or employer the letter is addressed to.
- Certification status
- States the candidate's warrant and practising certificate status.
- Threshold experience
- Describes experience assessing the small-company exemption thresholds.
- Notable achievement
- States a concrete example of an audit carried out.
How to fill in the letter
- State the recipient. Enter the name of the audit firm or employer.
- Describe certification status. Enter the candidate's warrant and practising certificate status.
- Describe threshold experience. Describe experience assessing the small-company exemption thresholds for clients.
- Give a concrete achievement. Enter a concrete example of an audit or engagement carried out.
Frequently asked questions
Who can sign statutory audit reports in Malta?
A warrant holder from the Accountancy Board who has also obtained a separate practising certificate in auditing.
What is the small-company audit exemption threshold?
Meeting at least two of three criteria for two consecutive years: balance sheet up to €2,500,000, turnover up to €5,000,000, up to 50 average employees.
Can any small company claim the exemption?
No, public companies, MFSA-regulated entities, listed companies, and parents of non-small groups can never claim it regardless of size.
Is a warrant alone enough to perform statutory audits?
No, a separate practising certificate in auditing from the Accountancy Board is also required.
Who regulates public-interest entities' auditors?
The Malta Financial Services Authority (MFSA), in addition to the Accountancy Board.
Related templates
Disclaimer
This template and guide are provided for general information only. They are not legal advice and have not been reviewed by a lawyer. Check current thresholds and regulations before using this document.
