Assurance services improve the quality of decision making. An assurance engagement is defined as 'one where a professional accountant evaluates or measures a subject matter that is the responsibility of another party against suitable criteria, and expresses an opinion which provides the intended user with a level of assurance about the subject matter'.
Our audit is conducted according to International Standards of Auditing (ISA) and we report in accordance with International Financial Reporting Standards (IFRS). Our audit approach is tailored to clients’ individual circumstances in accordance to the size of the entity and the industry sector in which it operates
We provide the following assurance services:
The management team of a company has the responsibility to prepare financial statements in accordance with the International Financial Reporting Standards (IFRS) and in compliance with the standards of the Cyprus regulatory authorities. Preparing financial statement in accordance with IFRS is more than just a technical accounting exercise but, rather, it requires high level of integrity and ethical behaviour.
The financial statements must be complete and accurate in order to provide financial information for the entity that is useful not only to the existing shareholders but also to other stakeholders, for example, potential investors, financial institutions etc.
Our IFRS professionals have extensive knowledge and technical skills and will be glad to provide IFRS support on the accounting treatment on various accounting topics ensuring compliance with the IFRS standards.
A risk assessment exercise enables an organisation to understand the threats and potential consequences of uncertainties. Risks are an inevitable part of business and should be managed accordingly. A risk assessment exercise is not easy and it is not meant to be. In some cases, risk assessments are informal, poorly constructed and fail to identify and prioritise important risks.
A reliable business risk assessment exercise will help to protect your business and guide you towards the optimum strategic decisions that balance security, compliance and profitability.
Our team will be glad to discuss with you the benefits for a reliable risk assessment exercise and based, on the specific circumstances of your business, advise you accordingly.
We can identify and analyse business risks in several key areas including:
Corporate Governance aims to challenge creative accounting, poor internal controls, inadequate oversight of business strategy, overpaid employees unmatched to performance and under-performing non-executive directors.
Our specialised team can assess your existing corporate governance practise with the aim to identify improvement opportunities, minimise risks and maximise benefits. We can also assist you to develop from scratch you corporate governance framework, taking into account your business needs and regulatory compliance.
We can develop effective, transparent and accountable corporate governance practises that will assist your organisation to achieve its goals by helping you to.