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AUDIT & ASSURANCE

Audit, more than any other business domain, requires a high level of confidence and close cooperation.

Grekodom Development cooperates with highly qualified specialists, who provide auditing and assurance services for all types and sizes of businesses, from large companies with external and independent shareholders to owner-managed businesses.

The primary purpose of our Audit services is the collection of reliable, relevant and adequate evidence and the provision of an independent view of the financial statements of our clients. Through our specialists, we help businesses in achieving their objectives and succeeding through the evaluation of efficiency, risk management and proper use of knowledge.

CYPRUS

All Cyprus companies, whether Cyprus tax resident or not, are obliged to prepare financial statements according to International Financial Reporting Standards. These must be filed with the Registrar of Companies.

Also, based on the results of the financial statements, the annual tax returns must be prepared and filed with the Income Tax authorities.

The first financial statements must be presented, at the latest, within 18 months from the initial registration of the company and, thereafter, once a year.

The Audit and Assurance services include the following:

–   Preparation of audited financial statements in accordance with International Financial Reporting Standards (IFRS) and International Audit Standards (IAS) for Cyprus Companies

–   Preparation of Management Accounts in accordance with IFRS