Audit and Assurance
Based on the Companies Law in Cyprus, every incorporated company at the Republic of Cyprus is obliged to submit annually its audited financial statements to the Inland Revenue. These statements must be prepared by licensed auditors eligible to perform statutory audits. Audit/accountancy licenses are granted, monitored and regulated under the Companies Law and the assigned Regulated Bodies.
UCD Auditors Ltd maintains a flexible audit approach enabling it to respond promptly and effectively to the individual needs and requirements of all the spectrum of its clientele.
Our audit methodology is not limited to the provision of our final audit report, as an in depth evaluation of the client's internal control systems, regulatory framework and financial reporting systems, forms an integrated part of our work to be done in this field of offered services.
Thus we see ourselves not just as auditors providing our opinion on the financial statements of our clients, but also as independent external advisors offering our advice on a wide spectrum of matters and issues with the aim to assist our clients to enhance and improve their business within a well-controlled business environment.
Specifically our auditing service may provide to the client the following:
Statutory audit of the Financial statements
Specific purpose audit
Constructive advice and recommendations on the systems of internal control and operations