PKF Malta has sent partner Donna Greaves, who will be heading the new assurance department, and assistant audit manager Tiziana Gauci to a training session at LittleJohn Chartered Accountants in the London affiliate office.

The main aim of the lectures was to understand the complexity of the subject and interaction between pricing and risk exposure; the importance of pricing; different ways risks are priced; how pricing relates to day-to-day operations; why exposure management is important; the link between the capital and exposure; and broad methodologies for calculating exposure.

Understanding the objectives of a systems audit of insurance entity; how a system audit is performed; the key systems, risk and controls; and how to perform audit tests on key systems, risk and control were also tackled.

For more information, e-mail info@pkfmalta.com or visit http://www.pkfmalta.com/ .