Audit and Assurance
According to Cyprus’ Companies Law, all companies incorporated in the Republic of Cyprus have an annual obligation to submit to the Registrar of Companies and the Inland Revenue its audited financial statements. We undertake the audit of Cyprus and other jurisdictions’ entities (acceptable to be performed by Cyprus audit firms) following the latest International Financial Reporting Standards (IFRS) and the International Standards on Auditing (ISA) and assist in the timely preparation of statutory documentation required by the relevant authorities.
Audit and assurance service contributes more than just fulfilling requirements imposed by law. In a financial world that is constantly evolving and new, complex regulatory requirements increasingly surface into the financial reporting arena the need for financial transparency has never been greater.
Our Audit and Assurance services include the following:
- Assistance in the preparation of financial statements and consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs)
- Issuance of audit reports in accordance with International Standards on Auditing (ISA)
- Independent business review audits required by local regulators, banking institutions and other monitoring authorities
- Internal Audit engagements, assessing the internal controls and management reporting processes using a risk assessment and mitigation methodology and reporting on any deficiencies
- Specific audit and Due diligence reports
Audit & Assurance
Statutory Audits under International Auditing Standards (IAS), Special Auditing and Investigations are carried out upon request.
International Tax Planning
International Tax Planning and Structuring services, aiming to optimize the tax position of corporations and individuals.
Accounting & Payroll
Accounting and bookkeeping services, fully managed payroll services.
Business Advisory
Preparation of business plans, feasibility studies and assistance in raising finance with local banks, company valuations, due diligence engagements.
Tax & VAT Compliance
Income Tax, Corporation Tax, Capital Gains Tax and Value Added Tax for both local and international business entities.
Internal Audit Services
Internal Audit services, design and implementation of internal procedures, for performance improvement and identification of issues and deficiencies.
