Assurance Services

The local tax legislation requires that companies submit tax returns based on audited financial statements. Our professional staff take the time needed to understand clients' businesses as well as the sectors in which they operate.


We can thus help identify major risks and opportunities beyond the traditional financial reporting function and mere compliance with the relevant legislations.

 

Our approach is tailored to suit the size and nature of your business and draws upon our extensive knowledge and wide local and international experience in a large number of markets with the aim of complying with the Cyprus regulatory authorities and International Financial Reporting Standards (IFRS).

 

We invest in our business relationships and provide independent and professional opinions that improve the quality of information to management as well as other decision makers within an entity thus enhancing the reliability and acceptability of your organization’s financial statements.

 

Our audit approach is based on a consistent methodology developed to comply with International Standards on Auditing. It is built on the basis of core principles relating to professional integrity, independence and ethical standards which all directors and staff must comply with. Our directors have extensive experience in the Cyprus market (private and publicly listed entities in various industries) and specialise in the geographical areas of the former CIS countries, Eastern & Western Europe and the Middle East.

 

We provide assurance services in the following areas:

  • Statutory audits of annual/interim financial statements for compliance with local legislation and IFRS under the International Standards in Auditing.
  • Reviews of quarterly/interim financial information under the International Standards on Review Engagements (ISRE).
  • Agreed-upon procedures for ensuring correct application of IFRS (or any other applicable framework) and local regulatory compliance requirements under the International Standards on Assurance engagements (ISAE).
  • Reviews and evaluations of internal controls of your organisation.
  • Outsourcing/review and evaluation of the internal audit function.
  • Value-for-Money audits.
  • Review and evaluation of Assurance providers’ audit systems to ensure compliance with the requirements of the Institute of Certified Public Accountants of Cyprus (ICPAC).
  • Any other agreed-upon procedures.

 

 

 


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