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MITA Annual Report 2018

Board Members' Responsibilities The Agency's statute requires the board

The board members are responsible for

members to prepare financial statements for

keeping proper accounting records which

each financial year which give a true and fair

disclose with reasonable accuracy, at any time,

view of the state of the affairs of the agency

the financial position of the agency. They are

and of the profit or loss of the agency for that

also responsible for safeguarding the assets of

year, in accordance with the requirements of

the agency and hence for taking reasonable

International Financial Reporting Standards

steps for the prevention and detection of fraud

as adopted by the EU. In preparing these the

and other irregularities.

board members are required to: • adopt the going concern basis unless it is

The financial statements of MITA for the year

inappropriate to presume that the agency

ended 31 December 2018 may be made

will continue in business;

available on the Agency's website. The board

• select suitable accounting policies and apply them consistently; • make judgements and estimates that are reasonable and prudent; • account for income and charges relating to the accounting period on the accruals basis; • value separately the components of asset

members are responsible for the maintenance and integrity of the financial statements on the website in view of their responsibility for the controls over, and the security and jusridictions, where legislation governing the preperation and dissemination of financial statements may differ from requirements or practice in Malta.

and liability items; and • report comparative figures corresponding to those of the preceding accounting period.

This report was approved and authorised for issue by the Board Members on 5 April 2019, and signed on its behalf by:

Mr Tony Sultana Chairman

Mr Anthony Borg Board member 80

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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