8:30 - 17:30  |  Mon - Thu
8:30 - 14:30  |  Fri
+357 22-100192  |  Nicosia
+357 25-100692  |  Limassol
Nicosia
Limassol

We offer expert reliable, independent professional audit and assurance services to meet our client expectations and requirements and at the same time maintaining our professional and business ethics. Our audit approach and methodology is based on developing a sound understanding of the client business involving early identification of financial and business risks that our client faces. Through our audit approach we can provide assurance to all users of the financial statements that these present ‘fairly’ the company's financial circumstances.

We can undertake all forms of statutory audit for businesses and Non- Profit organisations. Our experience and knowledge enables us to deal with statutory, IFRS and special purpose audits.

We are able undertake a wide range of internal audit projects. Through our experienced and qualified team we can provide the following services:

  • Fraud Investigations
  • Preparation and Documentation of manuals of internal procedures and processes and evaluation of internal controls
  • Advice on Corporate Governance Best Practices and Compliance
  • Preparation of Internal audit reports for management, Audit Committees, Board of Directors

We take great pride in our skill and knowledge in providing a comprehensive range of tax services. Through our experienced and qualified team we can provide the following services:

  • Registration with the Inland Revenue Department
  • Preparation and submission of personal and corporation tax returns
  • Assistance with tax investigations
  • Inheritance tax and capital gains tax planning
  • Tax Clearance Certificates
  • Tax Residency Certificates
  • Preparation and Review of Transfer Pricing studies

We can provide expert specialist services in order to address and resolve any issue around the complicated regimes of VAT in various jurisdictions. Through our experienced and qualified team we can provide the following services:

  • Registration with the VAT Authorities
  • Preparation and submission of VAT forms
  • Preparation and Submissions of Intra Stat Reports and Sales Lists for Companies in EU
  • Advise on the VAT impact of transactions
  • Advice and interpretation of the regulations and obligations for VAT within the EU
  • Assistance with VAT investigations and enquiries
  • VAT planning

We can provide expert high level tax advice on a diverse variety of complicated international transactions, including effective tax planning and avoidance of double tax payments caused by the interaction of different tax systems around the globe.

We strive to provide expert consultation and assistance with sourcing tax and cost effective solutions through double tax treaties and bilateral agreements for the avoidance of double taxation.

With our experience and expertise we are able to recommend the implementation of tax and cost effective strategies that are in line with International Tax Law.

 


We can advise and assist with all aspects of accounting. We can provide efficient accounting services that ensure fulfilment of legal obligations, up to date management information and completion of various returns on time. Through our experienced and qualified team we can provide the following services:

  • Maintenance of proper books and records in any currency using computerised systems
  • Preparation of Budgets and Management Accounts
  • Payroll services
  • Invoicing Services
  • Preparation of stand-alone financial statements in accordance with International Financial Reporting Standards (IFRS)
  • Preparation of consolidated financial statements in accordance with International Financial Reporting Standards (IFRS)

We can provide highly value added service and detailed expert knowledge on International Business Transactions and Finance in preparing, reviewing and negotiating contracts and agreements in accordance with international practices and regulations. We strive to provide our clients and associates guidance on complicated cross border transactions and their consequences on tax, currency and finance areas.

We can provide expert high level training to our clients and associates through regular seminars in the following areas:

  • International Financial Reporting Standards (IFRS's)
  • Preparation, Presentation and Interpretation of Financial Statements
  • International Taxation
  • International Standards of Auditing (ISA's)
  • Cyprus Tax
  • VAT
  • Audit and Assurance
  • Corporate Finance
  • Time and Stress Management
  • General Data Protection Regulation (GDPR)

We can provide expert high level services through our experienced and dedicated team in the following areas:

  • Professional advice for the procedures and the steps to be followed in line with the relevant legislation to ensure successful applications.
  • Review of all necessary information and documents needed for the application for accuracy and completeness.
  • Assistance with the completion and submission on behalf of the client of all relevant applications.
  • Assistance with the legal overview of the agreement for the purchase of real estate properties.
  • Assistance with the due diligence of the real estate property.
  • Assistance with the tax implications arising from the purchase of real estate properties.
  • On-going review of the status of the application after its submission to the Cyprus authorities.

We can provide expert high-level services through our experienced and dedicated team in the following areas:

  • Professional advice for the procedures and the steps to be followed in line with the relevant legislation to ensure successful applications.
  • Review of all necessary information and documents needed for the application for accuracy and completeness.
  • Assistance with the completion and submission on behalf of the client of all relevant applications.
  • Review, advice and assistance with the due diligence of the different investment options.
  • Assistance with the tax implications arising from the investment option that the applicant will choose.
  • On-going review of the status of the application after its submission to the Cyprus authorities.
  • Assistance for obtaining the passport and identity card once the citizenship is granted.

GDPR SERVICES



We offer comprehensive solutions, services and expertise to help you meet your GDPR compliance objectives.


EU GENERAL DATA PROTECTION REGULATION (GDPR) DOCUMENTATION

The introduction of the accountability principle under the GDPR means that not only do organisations have to comply with the GDPR but they also have to be able to demonstrate compliance. This includes keeping up-to-date records of processing activities, and sharing these records with data protection authorities upon request.

We will provide all the templates, worksheets and policies required to comply with documented aspects of the Regulation including:

✓ Data protection policy

✓ Training policy

✓ Information security policy

✓ Data protection impact assessment procedure

✓ Retention of records procedure

✓ Subject access request form and procedure

✓ Privacy procedure

✓ International data transfer procedure

✓ Data portability procedure

✓ Data protection officer (DPO) job description

✓ Complaints procedure

✓ Audit checklist for compliance

✓ Privacy notice


With the above, you can:

  • Get professional guidance on GDPR compliance obligations and personal information best practices;
  • Make sure that you have adequately identified risks to personal data and are able to put in place the necessary controls to protect your data; and
  • Embed the documentation into your organisation quickly and easily.



COMPLIANCE TOOLS

We offer the following compliance tool in order to assist our clients to comply with GDPR:

✓ EU GDPR Compliance Gap Assessment Tool 



TRAINING COURSES
We offer the following Training courses:

  • EU General Data Protection Regulation (GDPR).
  • Data Protection Officer (DPO).
  • Data Protection Impact Assessment (DPIA).
  • Professional Training for Individuals that would like to obtain the GDPR Practitioner status from prominent certification bodies in UK.

 

ISQC1 SERVICES

In accordance with International Standard on Quality Control 1 (ISQC1), it is the objective of the firm to establish and maintain a system of Quality Control to provide it with reasonable assurance that:

  • The firm and its personnel comply with professional standards and applicable legal and regulatory requirements; and
  • Reports issued by the firm or engagement partners are appropriate in the circumstances.
Through our experience, knowledge and practical application of ISQC 1 over the years, we can offer to Auditing and Accounting Practices the following services in order to ensure that they comply with the requirements of ISQC 1.


ANNUAL COMPLIANCE REVIEW OF ISQC1

The scope of annual compliance monitoring of ISQC 1 includes the following:

Review of existing policies and procedures and ISQC 1 Manual in relation to the following areas:
  • Leadership Responsibilities for Quality within the Practice.
  • Relevant Ethical Requirements.
  • Acceptance and Continuance of Client Relationships and Specific Engagements.
  • Human Resources.
  • Engagement Performance.
  • Monitoring.
  • Documentation.


Review of a sample of audit files.
Through our review we will provide you with a report with our evaluation of the following areas:

  • Level of compliance with professional standards and legal/regulatory requirements.
  • Evaluation as to the effectiveness of the design of the Practice’s System of Quality Control.
  • The effectiveness of the Practice’s Quality Control policies and procedures.
  • Deficiencies identified and their classification (significant, repetitive or systemic).
  • Recommendations for improvement.


Training for the partners, directors and staff in relation to:
  • The practical application of the policies.
  • The procedures included in the Practice’s ISQC 1 Manual.


ASSISTANCE WITH THE IMPLEMENTATION OF ISQC1
We can assist our clients with the implementation of ISQC1 and ensure full compliance through the following services:

  • Preparation of ISQC 1 Manual (policies, procedures, templates) based on the size and other operating characteristics of the Practice.
  • Training for partners, directors and staff.


FILE REVIEWS AND OTHER SERVICES
Through our experience and expertise in the audit of Practices within a wide spectrum of industries and characteristics, including PIEs (Public Interest Entities), and subject to our independence requirements, we can provide the following services:

Audit File Cold Review
A cold file review takes place when the Auditor’s report is signed-off. The purpose of this review is to detect weaknesses in the quality control policies and procedures of the Practice and to take corrective actions. Through our expertise in this area we can assist our clients to comply with relevant auditing standards through the identification of the weaknesses in the way the whole audit work is conducted and how it can be improved through our recommendations for other similar assignments. External Cold File Reviews are compulsory for sole practitioners in order to comply with ISQC 1.

Audit File Hot Review
A hot file review takes place during the audit but before the Auditor’s report is issued and is one of the most significant safeguards against the threats of Auditor’s objectivity and independence. The purpose of this detailed review is to identify any weaknesses in the application of audit procedures, to evaluate the judgements made and conclusions reached by the engagement team and to ensure that the Auditor’s opinion is appropriate.

Engagement Quality Control Review
An Engagement Quality Control Review (EQCR) is a process designed to provide an objective evaluation, on or before the date of the audit report, of the significant judgments the engagement team made and the conclusions it reached in formulating the report. The EQCR process is compulsory for audits of financial statements of PIEs (Public Interest Entities) and for other engagements, for which the Practice has determined that an Engagement Quality Control Review is required.

Our Services

Audit & Assurance

We offer expert reliable, independent professional audit and assurance services to meet our client expectations and requirements and at the same time maintaining our professional and business ethics. Our audit approach and methodology is based on developing a sound understanding of the client business involving early identification of financial and business risks that our client faces. Through our audit approach we can provide assurance to all users of the financial statements that these present ‘fairly’ the company's financial circumstances.

We can undertake all forms of statutory audit for businesses and Non- Profit organisations. Our experience and knowledge enables us to deal with statutory, IFRS and special purpose audits.
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