Audit & Assurance

External Audit and Assurance

Audit of financial statements is a statutory requirement in Cyprus. However, you may also need an audit or an assurance report:

At the request of potential investors
After the request of a supplier who wish to assess your credibility
For raising funds from banks or commercial lenders

We can assist you with:

Statutory audit in accordance with International Standards on Auditing
Preparation of financial statements in accordance with International Financial Reporting Standards
Special purpose audits

Assistance

Taliadoros Audit Firm will help you to ensure your compliance with your statutory requirements and also to provide you with an independent and accurate report you can rely on.

Methodology

Our audit methodology requires that we tailor our procedures based on our various clients’ industry and business needs, their risks and by focusing on the key aspects of their business.

Internal Audit and Risk Assurance

internal Audit

Our experienced team can add value to your business through an internal audit activity. Our internal audit team can assist you with:

·         Hands-on advice to support your decision-making process
·         Suggestions on efficiently improving your processes and systems
·         Assessment of areas of risk, and guidance on improving them

Our Specialists

Our specialists are able to understand, document and test your business’ controls in place and capable in assisting you in the evaluation and assessment of those controls. In this way, you will be able to identify systems of control that need to be improved, redesigned or even introduced for a first time in your business so as to manage and mitigate the risks your business faces.

We understand that cost can be a matter of consideration, so we are flexible in acting:

As your outsourced internal audit function
On a time basis, to meet your budgeting requirements
On a project basis, focusing on your areas of concern

Risk Assurance

On the other hand, if you are considering growing or developing your business, you should first identify the possible risks for making the proper decisions. By obtaining a thorough understanding of your business, we can assist you in identifying and assessing the level of each risk and also suggesting steps for mitigating those risks. This can help you making the right decisions.