STATUTORY AUDIT

Cyprus registered entities are obliged to submit to the Inland Revenue annual tax returns which are based on financial statements prepared under International Financial Reporting Standards and the Cyprus Companies law, and audited by Certified Public Accountants and Registered Auditors.

Our audit approach, applied by the Audit and Assurance Department, is tailored to clients’ individual circumstances such as the industry sector in which they operate, their size and operations and their legal status. It draws upon our technical know-how and experience on IFRSs, legislation and complex reporting matters. Our methodology is fully computerized from the initial audit planning stage all the way through to the completion of an audit engagement ensuring full compliance with International Standards on Auditing and internationally applied auditing practices.

INTERNAL AUDIT

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Internal Auditing is an objective assurance and consulting activity designed to add value and improve an organisation’s operations. It can help an organization accomplish its strategic objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. Kreston Proios Ltd Internal Audit Services offer focused advisory services designed to help clients.