pafos
ASSURANCE AND AUDIT
Our audit approach is sufficiently flexible to respond to the specific circumstances of each client.

We believe in providing clients with more than just a statutory audit. As independent advisors, we can deliver constructive advice on a wide range of matters. Our firm’s broad business expertise and knowledge of individual clients’ own business are invaluable assets when future plans have to be formulated and presented.

To begin with, our risk-based audit approach is sufficiently flexible to respond to the specific circumstances of each client by selecting the combination of audit procedures which best suits a client’s specific industry to maximise efficiency and effectiveness.

Our practice is accustomed to fulfilling clients’ exacting demands with efficient auditing procedures using up-to-date software tools. The basis of these comprise a comprehensive evaluation of the client’s business and the internal accounting and control environment. As a result, a proficient testing of transactions is carried out, concentrating broadly on controls testing for larger clients, and detailed testing of a relatively larger number of transactions for the smaller clients.

In order for us to draw our conclusion as to its opinion on the financial statements under examination, the effectiveness of clients’ control environment is assessed by our audit staff. The audit report is not limited to the formal audit evaluation and recommendations for improving operational effectiveness and controls are presented to management.

To safeguard its pioneering status in auditing practice and customer service, our firm devotes much time and energy to the continuous improvement of its approach and practices. Our risk-based audit approach provides for new risks emanating from recently developed concepts and practices such as e-commerce, brands, intellectual property, environmental issues and others.

 
tax_cyprus