The purpose of our audit services is to collect reliable, relevant and adequate evidence so as to provide an independent opinion on our clients’ financial statements based on the fundamental principle of professional independence. The audit of the financial statements is always designed to being effective and tailored to our clients’ needs and at the same time in accordance with International Standards of Auditing (ISA) and International Financial Reporting Standards (IFRS). Based on a comprehensive analysis of the business activities we decide on the core areas for the audit. For that reason, we seek to develop close working relationships in order to understand the needs of our clients and to provide value-added services, tailored to the needs of each client.
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 their audited financial statements. Our audit approach is tailored to each client’s circumstances such as, the industry sector in which they operate, their size and operations as well as their legal status. It draws upon our technical know-how and experience on ISAs, IFRSs, and legislation.
For every business, Internal Auditing is an assurance and consulting activity that adds value and improves an organization’s operations. It is designed to help an organization accomplish its strategic objectives by bringing a systematic, disciplined approach by evaluating and improving the effectiveness of risk management, control, and governance processes.