Companies incorporated in Gibraltar are required to have their financial statements audited unless they qualify as a small company and either are not required to file a Gibraltar tax return, or are required to do so but have turnover below the threshold set out in section 30(1)(c) of the Income Tax Act 2010. This threshold is currently £1,750,000 (Companies Act 2014, section 259(1)).

Audits must be conducted in accordance with International Standards on Auditing, and financial statements may be prepared using any recognised GAAP. Ensuring compliance with these requirements can be complex- but with the right support, it doesn’t have to be.

Our Gibraltar-facing services are tailored to the specific regulatory and practical requirements of auditing companies in Gibraltar. We offer a comprehensive package combining audit methodologies, technical support and on‑site cold file reviews for a single, all‑inclusive annual fee. Alternatively, services can be accessed on an ad‑hoc basis, giving you complete flexibility.

Please contact us to discuss the option that best suits your firm.

Membership of Our Gibraltar General Practitioner Scheme

For an annual fee of £2,550 (payable monthly by Direct Debit), your firm will receive a comprehensive support package designed to give you confidence, consistency and compliance:

  • HAT Corporate Audit and Non‑Audit Methodologies
  • HAT Audit Regulatory and ISQM Procedures
  • HAT Anti‑Money Laundering Procedures Pack

All materials are fully tailored to Gibraltar’s legislative requirements and include ongoing updates at no additional cost.

Quality Control Audit File Reviews

  • Two on‑site quality control cold file reviews undertaken at your Gibraltar office
  • Each review includes a detailed written report and a same‑day partner debrief
  • All travel and subsistence costs are included in your membership
  • Review dates agreed at least three months in advance at a mutually convenient time.

Technical Support

  • Unlimited access to our technical helpline included within the membership fee
  • Advice on financial reporting, audit issues, and practical use of the methodologies
  • Helpline operated from our London office.

Technical Updates

  • Regular technical newsletter
  • Annual specialist technical digest covering matters specific to Gibraltar.

Optional CPD Upgrade

For a further £300 (£2,750 per annum) firms can access four ninety minute on-demand CPD updates covering topical practice procedures, financial reporting and audit issues. NB: These courses cover UK topics and are not specific to Gibraltar.

  • Four on‑demand 90‑minute CPD sessions, covering topical practice procedures, financial reporting and audit issuesPlease note: these CPD sessions focus on UK topics and are not Gibraltar specific.

Additional information:

  • Additional cold file reviews can be provided at our current published rates (available on request)
  • Any follow‑up time after a review is charged at £275 per hour, pro‑rated to the nearest 0.25 hour
  • Where a parent company prepares consolidated financial statements, an additional one‑hour supplement is charged at our standard rate
  • Engagements requiring both a Companies Act audit review and a separate regulatory report are treated as two separate file reviews
  • Correspondence with regulators is charged at the same hourly rate
  • Listed company file reviews are excluded from this package and charged separately.

Services available to non-members

Firms not wishing to join a membership package can still access selected services, including:

  • Cold file reviews, charged at current rates (two files per visit minimum)
  • Full travel and subsistence costs charged separately (typically not less than £300 per day)
  • Purchase of HAT methodologies tailored specifically for Gibraltar, with pricing available on request.

All fees quoted are exclusive of VAT (where applicable) at the prevailing rate.