Audit in Gibraltar

An audit in Gibraltar is the default rather than the exception. Companies House Gibraltar states that all limited companies must appoint auditors and have their accounts audited, except small companies that qualify for the exemptions in the Companies Act. Regulated businesses such as funds, insurers and payment firms tend to face the strictest reporting, while a small company that qualifies for the exemption may still be asked for audited accounts by a bank or investor. Find out early whether your company falls inside the requirement, because the auditor’s work starts with how records are kept during the year.

Ask the firm whether it holds the authorisation needed to sign audit reports in Gibraltar, who would lead the engagement, and how long fieldwork takes. Independence matters: if the same firm keeps your books, ask how it separates the two teams. For a group, ask whether it can report to a parent company or investors abroad.

Accountanty lists 8 firms for audit in Gibraltar, the smallest group of the territory’s service pages: 7 accounting firms and 1 corporate services provider, split evenly between four small practices and four large networks. Five of them name foreign clients. Crypto, funds and insurance are each named by three firms, and two firms mention charities. Compare them early and see accounting and the Gibraltar guide.