Audit & Assurance

At Stephanou Audit, we acknowledge that an audit is much more than a formality, it's a real necessity. For that reason we strive to deliver high quality audit services that will add value to your business. 

An audit is an independent assessment of the fairness by which a company's financial statements are presented by its management. It must be objective, independent, and conducted with integrity and professionalism, both to protect the business and to encourage it to thrive. 

Audit quality is a fundamental component of our firm's strategy and vision.

Our audit approach is based on developing a sound, in-depth knowledge of our client’s activities and the financial and business risks that the organization faces. By agreeing expectations at an early stage the audit is focused on the requirements of the business. 

This enables us to provide an audit opinion on the financial statements while still presenting the business owner(s) with useful information to assist in future developments and also provide assurance for third parties or external users that such statements present 'fairly' the company's financial condition and results of operations.

All companies registered in Cyprus are required by law to submit audited financial statements.To ensure full compliance with the relevant legal requirements, we conform to the exact standards of the Cyprus regulatory authorities and International Financial Reporting Standards (I.F.R.S.).

Our audit and assurance services include:
  • Statutory audit of annual or interim financial statements in accordance with local statutory requirements and International Financial Reporting Standards (IFRS)
  • Audit of prepared Financial Statements in accordance with the International Financial Reporting Standards (IFRS)
  • Audit of Consolidated Financial Statements in accordance with International Financial Reporting Standards (IFRS)
  • Review of financial statements
  • Review of interim financial information
  • Audit Report in accordance with International Standards on Auditing (ISA)

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