Audit & Assurance

We produce accurate financial reports and provide you with confirmation that your company is operating effectively and efficiently in accordance with international set of financial business standards.

Companies registered in Cyprus are legally required to submit audited financial statements by professional accountants. Audit firms in the country offer a wide range of assurance services, including assurance reviews, tailored advisory services, and regulatory advice to entities regulated by the Cyprus Central Bank and the Cyprus Securities and Exchange Commission. Many firms also assist Cyprus investment firms and entities in the energy sector with obtaining licenses and ongoing compliance.

Experienced professionals in Cyprus audit firms are known for their expertise, dedication, and proven experience across industries. Their assurance services enhance the accuracy and reliability of financial reporting, meeting the need for transparency and compliance.

Audit firms in Cyprus contribute to the high quality of life and business environment by supporting compliance, financial accuracy, and operational excellence. Online resources make it easy for businesses to compare and choose from the excellent auditing services available in Cyprus.

We follow the exact standards set out by the Cyprus regulatory authorities and International Financial Reports Standards (I.F.R.S.), thereby ensuring our full compliance with the relevant legal requirements.

Our Audit Services:

Our firm offers a comprehensive range of audit and assurance services, including statutory audits, internal audits, assurance services, tax planning, and general business advisory, all designed to meet the diverse needs of businesses in Cyprus. Our team of qualified professionals brings extensive experience and industry-specific expertise, ensuring that your financial reporting is accurate, reliable, and compliant with all legal and regulatory standards.

• Preparation of Financial Statements and Reports in accordance with I.F.R.S standards
• Audit Reports with International Standards on Auditing I.S.A
• Companies Limited Reviews
• Due Diligence
• Business Fraud Investigations and Dispute Services

Core audit and assurance services include statutory audits and internal audits to ensure compliance with financial reporting requirements. There is a real need for professional support when navigating complex financial and regulatory environments, making it essential to choose an audit firm with the right qualifications, licensing, independence, reputation, range of services, and effective communication. After the audit, businesses may also consider retaining the firm for ongoing accounting services to maintain transparency and peace of mind.

Preparation of Financial Statements and Reports in accordance with I.F.R.S standards

Financial statements and associated reports essentially convey the financial activities of a business as clearly and concisely as possible. The accuracy of these statements and the correct number in each entry are crucial for effective planning and informed decision-making.

Financial statements are useful because they provide essential information to adequately plan for the future of the business and make economic decisions.

International Financial Reports Standards are a set of international accounting standards, as issued by the International Accounting Standards Board.

By doing so, accounts can be easily understood and interpreted across international boundaries.

Audit Reports with International Standards on Auditing (I.S.A)

An audit report, usually carried out by an independent professional, is essentially the written opinion of the auditor in regards to a company’s financial statements. Audit reports are usually required by lenders, potential investors as well as relevant tax authorities and legislative bodies.

Successful audit reports will help you effectively communicate information to interested parties such as stakeholders, lenders, investors. Secondly, they improve the efficiency of your business and resolve any accounting or liquidity issue promptly and efficiently.

Companies Limited Reviews

Limited review is the process of auditing, or reviewing, the financial statements of a company on a regular basis. It is required for Limited reviews to be prepared and presented in accordance with an applicable financial reporting framework.

Due Diligence

Due diligence is the process of investigating a business or entity, which usually involves reviewing all relevant financial records by exercising a reasonable standard of care.

Such reports are of utmost importance in ensuring that informed decisions are made before entering into a financial transaction and are useful tools in considering all the costs and benefits involved in a business transaction.

Effective due diligence will safeguard the company from unnecessary exposure and minimize risks. Cases in where due diligence reports are carried out are before an acquisition;
or if a seller would like to ensure that the potential buyer has the ability to complete on their purchase offer.

Business Fraud Investigations and Dispute Services

We can assist you in the following:

• Investigating suspected misconduct
• Addressing fraud and corruption
• Manage the risks involved as well as measuring the financial implications of such disputes

If fraudulent activity is indeed identified, we will assist you in handling and negotiating the dispute process.