Cyprus Audit Firm – Preparation of accounts – IFRS standards
AuditNet, is one of the leading Cyprus audit firms in Limassol, consisting of professional Cyprus accountants who provide auditing and accounting services for your business, located either in Limassol or in the overall country.
Companies who are registered in Cyprus are legally required to submit audited financial statements by professional accountants. We will produce accurate financial reports and provide you with confirmation that your company is working effectively and efficiently in accordance with internationally set financial business standards.
We are one of the top professional Cyprus audit firms, who follow the standards set out by the Cyprus regulatory authorities and Financial Reports Standards (I.F.R.S.), thereby ensuring full compliance with the relevant legal requirements of companies in Cyprus.
We are specializing in the following services:
- Preparation of Financial Statements and Report in accordance with the International Financial Reporting Standards (I.F.R.S)
- Audit Report, in accordance with International Standards on Auditing (I.S.A)
- Companies Limited Reviews
- Due Diligence
- Business Fraud Investigations and Dispute Services
Preparation of Financial Statements and Report in accordance with the International Financial Reporting Standards (I.F.R.S)
Financial statements and associated reports essentially convey the financial activities of a business as clearly and concisely as possible. Financial statements are a useful tool in providing essential information which can be used to adequately plan for the future of the business and make economic decisions.
International Financial Reports Standards are a set of international accounting standards, as issued by the International Accounting Standards Board, which state how particular types of transactions and other events should be reported in financial statements and how accountants must report their accounts. By doing so, accounts can be understood and interpreted across international boundaries.
Audit Report, in accordance with International Standards on Auditing (I.S.A)
An audit report, usually carried out by an independent professional, is essentially the written opinion of the auditor regarding a company’s financial statements. Audit reports are usually required by lenders, potential investors as well as relevant tax authorities and legislative bodies.
Successful audit reports will help you effectively communicate information with interested parties (such as stakeholders, lenders, investors), improve the efficiency of your business and resolve any accounting and liquidity issues promptly and efficiently.
Companies Limited Reviews
Limited review is the process of auditing, or reviewing, the financial statements of a company on a regular basis. Limited reviews are required to be prepared and presented in accordance with an applicable financial reporting framework.
Due diligence is the process of investigating a business or entity, which usually involves reviewing all relevant financial records by exercising a reasonable standard of care. Such reports are of utmost importance in ensuring that informed decisions are made before entering into a financial transaction and are useful tools in considering all the costs and benefits involved in a business transaction. Effective due diligence will safeguard from avoidable exposure and minimize risks. Cases in where due diligence reports are carried out are before an acquisition; or if a seller would like to ensure that the potential buyer has the ability to complete on their purchase offer.
Business Fraud Investigations and Dispute Services
We can assist you in investigating suspected misconduct, addressing fraud and corruption, manage the risks involved as well as measuring the financial implications of such disputes. If fraudulent activity is indeed identified, we will assist you in handling and negotiating the dispute process.
Contact us to find out how best we can help you.