VAT Considerations in a Statutory Audit

This course cuts straight to the practical VAT issues auditors face during a statutory audit. We explore when VAT becomes material in practice, why auditors often test it even when it appears immaterial, and how to bridge the expectations gap between what clients think an audit covers and what it actually requires. We highlight common presentation and disclosure pitfalls, focusing on clear VAT classifications, accurate financial‑statement disclosures, and the mistakes that most frequently trip up audit teams. You’ll also get a fast‑paced look at real‑world challenges, cross‑border transactions, regulatory updates, digital reporting developments and how to tackle them through practical examples and case‑based insights. By the end, auditors will walk away with actionable tools to handle VAT confidently and efficiently in any statutory audit.

The Speaker

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, and as an Assistant Manager in 2021. Kenneth is also a CPA warrant holder and received the Professional Certificate in Taxation issued by the Malta Institute of Taxation in 2017.