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Financial review The overall financial performance of the

systems, risk management systems and the

Agency for 2018 shows a net surplus before

internal and external audit functions whilst

tax of €1,221,106. Revenue from the provision

ensuring the objective assessment of the

of projects and ICT services to Government

Agency’s performance and its management.

reached €27,462,556, up by 6% from

The MITA Internal Audit Office reports to

2017 results.

the BAC, enabling independence and the structural separation from management to

MITA also continued its investment programme

enhance objectivity.

to enhance and expand Government underlying infrastructure, with total investment

The Internal Audit Office (IAO) primary mandate

for the year amounting to €1.1m. Furthermore,

is to ensure an independent disciplined

during the year project expenditure of

approach in evaluating and improving the

approximately €3.6m was funded under the

Agency’s controls and in adding value to the

CONvErGE programme which is part-financed

operations of MITA. Risk based Audits and

by the European Regional Development Fund

reviews are conducted as commissioned by

(ERDF). Direct operational costs increased by

the BAC and as illustrated in the IAO annual

6% over 2017 as MITA continued in its efforts to

Internal Audit plan. IAO focuses on verifying

manage and contain costs for Government.

selected MITA processes to address identified key risks at both strategic and operational

Corporate Governance

level in collaboration with the Enterprise Risk Management function. IAO also recommends improvement in reviewed business functions and audit follow-ups.

The Board Audit Committee (BAC), made up

During 2018 IAO conducted thirteen audits

of Dr. Helen Borg Muscat (Chairperson), Dr.

and process reviews which all contributed to

Vincent Marmara and Mr. Jurgen Zammit, plays

ascertain that the Agency’s internal controls are

a key role in assisting the MITA Board to fulfil

sound and that MITA reputation is safeguarded.

its oversight responsibilities in internal control

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Profile for Malta Information Technology Agency - MITA

MITA Annual Report 2019  

The mission of the Malta Information Technology Agency is: We will formulate and implement digital policies, infrastructures and solutions t...

MITA Annual Report 2019  

The mission of the Malta Information Technology Agency is: We will formulate and implement digital policies, infrastructures and solutions t...

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