Are you looking for a challenging and rewarding career in Audit?
RESPONSIBILITIES
Reporting to the Audit Manager the responsibilities will include: • Provide support to Audit Seniors • Perform assigned audit work based on a risk-based approach and identify audit issues • Review accounting systems and controls and identify any weak areas • Prepare audit documentation in accordance with International Auditing Standards • Establish working relationships with clients and business partners • Producing work for Partner review – clearly highlighting issues and providing potential solutions to issues identified
EDUCATIONAL BACKGROUND
Already embarked on the ACCA professional qualification, and/or holds a degree in Bachelor of Commerce
SKILLS SET REQUIRED • Prioritise and manage a busy workload effectively, often under pressure • Computer literacy (MS Office suite of products, especially MS Excel) • Self-motivation/work under own initiative • Team player with an enthusiastic/positive outlook • Communication/Interpersonal (written and verbal) with strong client handling skills and the ability to develop good relationships with clients and other professionals ELIGIBILITY
EU citizen or prove eligibility for full-time work in Malta
HOW TO APPLY
If you would like to join our dynamic team of professionals, please submit your résumé to by sending an email together with a detailed CV to the HR Manager HR@GMINT.COM.
“It’s important to care for our environment everyday , but if
one day is all you need to start, then April 22 should be the beginning of a
greener you!’– Earth Day Network
Making your Law Firm Greener.
Earth Day is observed
annually on April 22. Celebrated since 1970, it is a day held to promote
environmental awareness and calls for the protection of our planet. It has
blossomed into a day to promote the importance of green energy and the
reduction of pollution. Having become more eco-conscious people today galvanise
policy changes particularly in the fight to solve climate change, ending
plastic pollution and protecting endangered and threatened species across
the globe.
We must work TOGETHER to prevent the sixth mass extinction. Recycling is one of the ways to save the
environment. People often find themselves recycling at home, but are not
bringing the same practices into the office. You would think that since most
people spend at least 8 hours a day in the office, they would ponder on
recycling everything.
Is
your law firm environmentally friendly?
We at GMX believe that it is our social responsibility to
give back, which is why Earth Day is important to us. We wanted to share
with you the ways that you can help the environment by making your office a bit
greener this year!
At GMX, we have taken these 3 steps. Executing these simple steps is easier than you think! All it takes is the motivation to switch to greener solutions.
1.
Minimize
Unnecessary Printing.
2.Reduce
the number of plastic water bottles by providing a water cooler. This
encourages employees to communicate more, while encouraging them to keep hydrated!
3.The
last easy way to reduce your carbon footprint is to turn off office lights
and all electronics at the end of the day. Reducing your electric bill is also
great for the environment!
Billionaire and
crypto investor Tim Draper envisages a radical overhaul in payment systems;
predicting that cryptocurrencies will replace fiat currencies within the next
five years. Following the unprecedented
announcement by the first major bank to have ever created its own digital coin,
the ‘JPM Coin’, one wonders whether such an endorsement of blockchain
technology by a credit institution is the first step in a series of events
which will ultimately lead to Draper’s prediction becoming a reality in the not
so distant future.
This prediction was
expounded during an interview held on 18 February, 2019 with American financial
news TV channel Fox Business[1]
during which Draper explained that cryptocurrencies will be used for any
day-to-day mediocre transactions, emphasizing that only criminals will want to
continue in dealing in cash. As a
result, fraudsters and criminals resorting to cryptocurrencies will end up
being caught since only cash offers total anonymity. The notorious Silk Road case[2]
amply demonstrates that cryptocurrencies, despite having gathered negative
money laundering connotations, are nowhere close to being as anonymous as any liquid
cash.
In fact, in an
attempt to ensure that cryptocurrencies do not bypass legislation, the European
Securities and Markets Authority (‘ESMA’) while pointing out money laundering
amongst one of the significant risks of crypto-assets, believes that all
crypto-assets and related activities should be subject to anti-money laundering
regulation[3]. Such a regulatory measure would rubber stamp Draper’s
prediction.
Another praiseworthy
characteristic of cryptocurrencies noted by Draper, concerns the security
surrounding cryptocurrencies. Draper
observed that cryptocurrencies are more secure than money stored in banks,
given the fact that banks are constantly under hack attacks. The very recent BOV cyberattack in February
and its far-reaching potential repercussions serves to strengthen such an
argument.
Despite the 2018 cryptocurrency
crash, Draper assertively predicts that “the future is Bitcoin and other
cryptocurrencies”. The projected change
within payment mechanisms is far from being Draper’s first astounding prediction. Less than a year ago, Draper had anticipated
that governments would be going virtual within the next five to ten years as a
majority of governmental services will be provided virtually due to blockchain
technology and cryptocurrencies. Given
the capability of blockchain technology to affect the largest regulatory
authorities in the world, Draper had envisaged governments to start
utilising blockchain
technology in an attempt to “compete for us”.
Without going into
the issue of whether governments will indeed go virtual it is worth observing
that governments have already started shifting their focus to consider possible
uses of blockchain so as to provide citizens with more effective governmental
services. Potential uses for blockchain
technology by governments include supply chain, health records, transportation
and voting. Meanwhile, the European
Union Intellectual Property Office (‘EUIPO’) is currently investigating the
process of combating counterfeiting through blockchain[4].
On a local level, in the
2019 Maltese Budget a commitment to continue building on the strategy for
blockchain technology was announced. Furthermore,
moving on from last year’s hype of the ‘blockchain Island’, the government’s
focus is now shifting towards providing a regulatory framework for Artificial
Intelligence (‘AI’). In this respect, the
government will be enacting a bill giving a decentralized autonomous
organization (‘D.A.O.’) its own legal personality; another innovative first which
will be attributed to the blockchain Island.
In light of such initiatives,
Draper’s prediction of virtual payment systems does not remain otherworldly. Nonetheless, the prediction has undoubtedly
been met with mixed reactions. While
governments may be in a rush against time to adequately cope with this
revolutionary prediction/reality, crypto investors are at a loss as to whether
transferring Bitcoin into fiat currencies is the equivalent of “transferring
gold into shells”[5].
[1] <https://www.foxbusiness.com/business-leaders/billionaire-tim-draper-reacts-to-jamie-dimon-launching-his-own-cryptocurrency>
accessed 11th March 2019
[2]
Decided on 31st May 2017 by the United States Court of Appeals,
Second Circuit:
<https://caselaw.findlaw.com/us-2nd-circuit/1862572.html>
accessed 11th March 2019
[3] European
Securities and Markets Authority, ‘Advice – Initial Coin Offerings and
Crypto-Assets’, [2019]
[4]
<https://euipo.europa.eu/ohimportal/en/news/-/action/view/4963920> accessed
22nd February 2019
The
legal requirements pinning the corporate world open windows to several
fascinating case studies which illustrate the law in practice and the ever
evolving nature of legislation resulting from the impact of given verdicts.
Referring to case studies inevitably offers much food for thought and debate
among lawyers. What is even more significant is the impact of the real world on
stakeholders which is why it is important for lawyers to come together and
share their insight and opinions.
The ELSA hosted 3rd edition of the Corporate & Finance Law Conference held at the Urban Valley Resort & Spa in Kappara is one such occasion and as main sponsors of this student organization, Gauci-Maistre Xynou (GMX Law Firm), contributed to the stimulating discussion focusing on the legal requirements of share capital for both public and private companies as well as creditor protection in Malta.
Dr.
Daniela Gaffarena, Junior Associate at GMX, brought her perceptiveness and work
experience to comment upon the intricacies underlining the various mechanisms
of creditor protection under Maltese Law including: the lifting of the
corporate veil complementing beyond diligence procedures, capital maintenance
doctrine and the distinction between fraudulent and wrongful trading practices.
She also referred to a number of case studies to illustrate her take on company
recovery procedures and why this is crucial for companies to plan ahead.
Dr
Gaffarena’s participation is very much in line with GMX company policy of
promoting the sharing of knowledge and learning from other people’s experiences
so as to consolidate and enhance the sterling advice it gives to its clients.
