Issue link: https://maltatoday.uberflip.com/i/1512069
10 NEWS 23.11.2023 THE Malta Institute of Accountants has welcomed 157 new accountants as members after completing their respec- tive qualifications through ACCA and the University of Malta over the previous academic year. MIA CEO Maria Cauchi Delia welcomed the new members to the Institute, describing it as a 4,000-as- sociate strong platform which gives the profession a strong voice and its members the opportunity to ex- change knowledge and experience, build contacts and receive support throughout their career. She encour- aged new members to consider the various opportunities for participa- tion offered by the Institute, particu- larly through its different commit- tees and working groups, including the Young Members Group. MIA President Mark Bugeja called on new members to stand for integ- rity, to uphold the highest ethical standards, and to strive to earn the trust of those who depend on the profession's expertise. Recalling historically notorious cases of corporate misconduct, he highlighted the critical role of ac- countants and auditors in ensuring accurate financial reporting and en- hancing public trust in business. Bugeja also called on accountancy professionals to embrace life-long learning. "e advent of cutting-edge technologies, such as automation, artificial intelligence and data ana- lytics, underscores the importance of ongoing education. ese advance- ments are reshaping the profession and staying current with technolog- ical trends is essential for profession- als to effectively harness these tools in their work", he argued. During the course of the event, the Institute recognised the achievement of the top University of Malta gradu- ate and ACCA affiliates in the pres- ence of Prof Emanuel Said, the Dean, and Dr Lauren Ellul, the Head of De- partment, of the Faculty of Econom- ics, Management and Accountancy at the University of Malta and Magda Krupa Hernandez, ACCA Director Europe, Middle East and Americas. ese were Alessandro Mommo (1st in Malta Overall Performance September 2022 ACCA Top Af- filiate), Darren Rapa (1st in Mal- ta Overall Performance December 2022 ACCA Top Affiliate), Kimberly Galea (1st in Malta Overall Perfor- mance March 2023 ACCA Top Af- filiate), Noor E-Mohammad Mustun (1st in Malta Overall Performance June 2023 ACCA Top Affiliate) and Annie Caruana (Best University of Malta Accountancy student). Krupa Hernandez expressed her pride at the ACCA's partnership with the Institute and the teams which worked together to make the joint examination scheme practical and relevant. She called on new graduates to cel- ebrate the moment but appreciate that this is not their final career peak but the beginning of a successful and rewarding process. Said elaborated on how today's ac- countancy and audit professional play a much more significant role, as determined by evolving international standards, the forces of globalisation, mounting social expectations and de- mands for accountability, transpar- ency and green credentials at many levels. Prof Said also placed emphasis on the need to secure stakeholders' trust. "In any career choice we need to keep ethical values at the fore of our minds. It is not just what is legal, but what is right, fair and for the com- mon good", he said. During the event, the MIA also celebrated this year's winners of the Kevin Mahoney Award for excep- tional voluntary work and sense of altruism. e award was awarded to Berta and Kevin Vella, who set up a foun- dation after the untimely death of their young daughter to help sick children with necessary medication and equipment as recommended by the Pediatricians at Mater Dei. Integrity and trust celebrated as cornerstone of accountancy profession as 157 new members join MIA FOLLOWING the launch of the MAPFRE MSV Life Guaranteed Capital & Income Plan 2027 an- nounced recently, Bank of Val- letta is offering its customers the opportunity to apply for this limited time offer from all BOV Branches, Investment Centres and Private Banking. e product follows the suc- cess of the previous two editions of the Guaranteed Capital & In- come Plan which were launched earlier this year. Speaking about the offer, BOV Chief Personal & Wealth Officer, Simon Azzopardi ex- pressed confidence that this in- vestment opportunity will prove to be yet another success with local investors. "Earlier this year the Bank al- ready offered similar products to the market following the previous launches by MAPFRE MSV Life. We had an incred- ible response from investors who are seeking a competitive interest return when compared to traditional deposit accounts, together with a sense of assur- ance that upon maturity they will retain the invested capital. rough áwe continue to offer attractive investment opportu- nities that are proving to be very popular and highly sought after. We encourage customers to visit our Branches, Investment Cen- tres and Private Banking so that we can help them manage their wealth more effectively, with an eye set firmly on the future." e MAPFRE MSV Life Guar- anteed Capital & Income Plan 2027 is a single contribution investment with a minimum in- vestment of €5,000 linked to the BOV Capital Guaranteed Fund 2027 managed by BOV Asset Management Limited and will distribute three guaranteed pay- ments equivalent to an annual- ised average return of 3% should the plan be held to maturity. e payments will be made on 16th December 2024, 15th December 2025, and 15th June 2027. Subscriptions opened on the 20th November and close on the 2nd December 2023 or ear- lier if the offer is fully taken up. Further information and the full terms and conditions appli- cable to the product are avail- able at: https://www.bov.com/ News/guaranteed-capital--in- come-plan-2027. BOV offers MAPFRE MSV Life guaranteed capital and income plan 2027