Audit & Financial Services
In a constantly evolving financial world, the need for a professional team of experts with a broad and in-depth knowledge, of the financial markets and proven experience in the field of audit, assurance and financial reporting, it is imperative for companies to seek and obtain an independent audit of their annual financial statements, not only due to the imposed obligation to the regulatory authorities but also because they now see it as an opportunity for the company’s evaluation which will aid in the long-term viability and profitability of their company.
Further to fulfilling statutory audit obligations – and according to clients’ needs, we evaluate the clients’ internal control structures and report to the management on the corporate governance and control weaknesses identified together with advice on mitigation actions to be followed.
Our audit methodology is fully aligned with International Standards on Auditing (“ISA”) and we pride ourselves for being flexible enough to adapt our audit methodology according to the nature, size and complexity of transactions applicable to each client, so as to deliver our results in a highly effective and efficient manner.
The companies’ financial statements are prepared in accordance with the currently applicable International Financial Reporting Standards (“IFRS”) as adopted by the European Union and the Cyprus Companies’ Law, Cap. 113.
We are therefore able to undertake all types of audit engagements, including:
- Statutory audit of annual financial statements and submission to the Registrar of Companies;
- Assistance in the preparation of stand-alone and/ or consolidated financial statements in accordance with IFRS;
- Assessment of internal control systems and reporting to management of the control and corporate governance weaknesses identified, along with mitigating controls; and
- Any non-statutory audit engagement with specific purpose (including regulatory compliance audits and special investigations);