FinHub Cyprus - auditors

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Delayed or denied audit opinion - The beginning of a downward spiral

FinHub 0 521 Article rating: 5.0

Auditors are publicly appointed and have the professional task of carrying out business audits andissuing audit opinions on the performance and result of such audits, in particular audits of annual financial statements of economic enterprises. This is regulated in Section 2 (1) of the Act on the Professional Code of Conduct for Auditors. Furthermore, there is the legal obligation for companies to have their business figures certified by an auditor - the so-called auditor's certificate.

What is an audit? Is it compulsory in Cyprus? Is it good for your business?

Audit is the assessment of your financial affairs including local tax obligations towards the authorities.

FinHub 0 1024 Article rating: 3.5

A statutory audit is the creation of the financial statements, the validation of the accounting numbers produced by the accountant and the inclusion of disclosures / notes in accordance with the IFRSs (the International Financial Reporting Standards) together with the auditors opinion where the regulated audit and assurance firm validates whether or not the financial statements show a true and fair view by expressing an opinion also called the "audit opinion".
 

Real Client Question - I am from Israel wanting to relocate to Cyprus

A Youtube producer from Israel has enquired to relocate to Cyprus mainly for tax purposes

FinHub 0 982 Article rating: No rating

Hi,

I'm looking for an accountant and some help, I moved here from Israel this year, I already opened a company here.

My business is online, I'm a video creator mostly on Youtube.

I Will be happy to discuss this with you at a zoom meeting or over the phone

Characteristics of Service Providers that you should pay attention to

Like products, each service provider whether an accountant, an auditor or a tax expert has different style and profile that may or may not suit your business.

FinHub 0 837 Article rating: No rating

 

Choosing the right service provider can always be challenging especially because communication becomes vital, especially if you are starting your own business which means tens of calls on a weekly basis until you get organised with all accounting and tax aspects!  

So how are service providers different? 

We list below the various profiles of service providers we have come across. See which one suits you! 

  1. The introvert: what would anyone say the typical accountant! 

  1. The extrovert: what would anyone say, the not typical accountant! 

  1. The casual accountant; everyone's person but be cautious. 

  1. The snobbish accountant 

  1. The neighbor accountant 

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