Auditing services involve evaluating the reliability of financial information, as well as the systems and processes for recording that information. A Cypriot company’s financial statements must be audited annually and the same applies in the case of a business of a self employed individual provided its annual turnover is over €70,000. Audited financial statements must be filed, together with an annual return with the Registrar of Companies in the case of companies only. Form IR4 and form IR1 for self employed individuals respectively must be submitted to the Tax Department via the Taxisnet.
Our audit team revolves around our core values which are quality and due care and diligence, integrity, objectivity and confidentiality. We carry out with our analysis of each audit engagement and we formulate a unique plan pertaining to the circumstances of each engagement before commencing our audit procedures. Our specialized audit software combined with the trained staff of our team ensures that each engagement is carried out with unparalleled quality while various factors and variables pertinent to the company under review are identified and the management of the company is informed accordingly in case there are deficiencies or any queries. Our anti money laundering (AML), Know Your Client (KYC) procedures ensure that we familiarize ourselves with every client when we are initially appointed as auditors.
