FinHub Cyprus - accountants agreement
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What is the work of an accountant? Really? Because you all have it wrong!

The most common misconception about accountants is

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A professional accountant performing your bookkeeping not only books your sales and purchases in a licensed software but also your bank account and payroll in such a manner that they reconcile. By reconcile we mean that your books (accounting entries) agree with the bank account, payroll creditor at any given month and most importantly comply with local laws and regulations. 

Sounds easier than it actually is. With more than 20 years in the field bookkeeping is a complex and demanding task. A task that certainly not anyone can do.  

Audit Engagement Letter - What is it?

You will be asked to sign a contract with your auditors and / tax experts. This contract for the provision of services is called the engagement letter.

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What is the auditor's engagement letter? 

The auditor's engagement letter is effectively the service agreement between your business (company or yourself if you are a sole trader) and the audit and assurance firm. In other words, it’s a contract which stipulates each party’s obligations and responsibilities. 

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