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Audit & Assurance

Our knowledge: An asset to your company.

We know what you need

In a financial world that is constantly evolving, the need for financial transparency has never been greater due to the increase in new complex regulatory requirements.

In accordance with Company Law in Cyprus as well as the local Tax legislation, every company set up in the Republic of Cyprus is obliged to submit annually its audited financial statements to the Inland Revenue.  The audit must be by done by a licensed auditor eligible to perform statutory audits. 

Even though auditing and assurance is an annual legal obligation, it can be also an opportunity for all companies to obtain an independent financial evaluation, which will ultimately aid in the long-term viability and profitability of the company.

KTC’s audit team includes professionals with multiple years of experience in various sectors and industries applying all their knowledge for you benefit.

Quality Audit

KTC utilises a risk based audit methodology, which focuses the audit focus to the risks inherent in the business.

Our audit methodology has been developed based on the International Standards of Auditing (ISA), and can be tailored to suit the size and nature of every client. This consistent audit approach enables KTC’s professionals to understand and evaluate your business using common methods and tools, offering a high quality service at affordable prices.

Audit & Assurance Engagements

Our risk based audit approach; audit procedures and checklists examine all business matters that may arise that may have an impact on Company’s Financial Statements.  As a result, the audit opinion issued is relevant and insightful.  Our assurance procedures deliver clarity through reporting, bringing value and confidence to your purpose.

Our services include:

  • Statutory audits in accordance with the International Standards on Auditing (ISASs)
  • Internal audit
  • Specific purpose audit and due diligence reports
  • Systems review and evaluation of internal controls