Statutory Audits

Statutory Audits

In accordance with local law and regulations in Cyprus, every registered company must annually submit audited financial statements to both the Registrar of Companies and the Tax Department


These audits must be conducted by licensed auditors qualified for statutory audits in Cyprus. These financial statements are required to comply with International Financial Reporting Standards (IFRS) and undergo auditing following International Standards on Auditing (ISA). As a leading audit firm in Cyprus, our approach to statutory financial statement audits begins with a comprehensive understanding of the company's business, industry, and internal controls.

We conclude our audit by providing an opinion on whether the company's financial statements are fairly presented in all significant aspects. Additionally, we furnish a management letter, including our findings and recommendations to enhance the company's internal controls and procedures.

Although auditing and assurance are legal obligations, they also offer your company an opportunity to gain an independent financial assessment, contributing to long-term sustainability and profitability. Our team of certified auditors at our Cyprus audit firm is dedicated to delivering high-value assurance services, staying abreast of evolving regulations and adopting the latest financial reporting techniques to ensure your company remains compliant and well-prepared for the future.


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