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ICPAC Licensed · IFRS & ISA Compliant

Statutory Audit & Assurance

Risk-focused, partner-led statutory audits that go beyond compliance — delivering commercial insight, regulatory confidence, and genuine stakeholder assurance.

IFRSISAGroup AuditRegulated EntitiesHolding CompaniesAIFM & AIFCySEC
Our approach

An audit that adds
real value

Our audit approach begins long before fieldwork. We invest time understanding your business model, the industries you operate in, your risk environment, and the expectations of your stakeholders. This context allows us to focus audit effort where it genuinely matters — not on low-risk areas that absorb time without adding insight.

Every engagement is overseen directly by a partner with sector-specific experience. We work to ISA standards and IFRS reporting requirements, maintaining full independence and ICPAC regulatory compliance throughout.

We do not operate a rotation model that places junior staff on complex engagements. The professional you brief at the outset is the professional who signs the opinion.

100%
Partner involvement on every engagement
  • Risk-based planning tailored to your business model and sector
  • Deep understanding of Cyprus regulatory and IFRS reporting requirements
  • Direct communication — no account manager intermediaries
  • Management letter with actionable internal control observations
  • Coordination with group auditors for subsidiary engagements
  • Experience auditing AIFM, AIF, CySEC-regulated and EMI entities
What we audit

Entity types & sectors covered

Trading & Holding Companies

Cyprus-registered trading entities, international holding companies, SPVs, and SPEs. Full IFRS statutory audit and annual return coordination.

Regulated Entities

CySEC-regulated investment firms, AIFMs, AIFs, EMIs, and CASPs. Full understanding of regulatory reporting requirements and CySEC audit trail expectations.

Group Subsidiaries

Component audits for multinational groups. We liaise professionally with group auditors, produce timely reporting packages, and ensure full ISA 600 compliance.

iGaming & Technology

Licensed gaming operators, platform companies, and tech businesses — including those with Cyprus IP-holding structures. Deep understanding of royalty income flows and MGA/CySEC licensing requirements.

Real Estate & Construction

Property holding entities, development companies, and real estate investment structures. Complex revenue recognition, fair value assessments, and related party transaction reviews.

Professional Services

Law firms, consultancies, and professional service companies. Particular expertise in work-in-progress valuation, partnership structures, and professional indemnity compliance.

Case studies

Selected anonymised engagement examples are provided for context only. Outcomes depend on each client’s facts, evidence, implementation, third-party decisions and the law in force; similar results are not guaranteed.

Representative engagements

iGaming Operator · Malta & Cyprus Group
Statutory audit of Cyprus IP-holding subsidiary within an MGA-licensed group

The client operated a multi-entity iGaming structure with a Cyprus company receiving royalties from Malta operating companies for licensed gaming software. The prior auditor lacked understanding of IP Box nexus requirements and royalty flow accounting, creating regulatory risk ahead of an MGA licence renewal audit.

Outcome
Full IFRS-compliant statutory audit completed within agreed timeline
Royalty income accounting restated to correctly reflect IP Box qualifying income
Clean opinion issued; MGA licence renewal completed without audit queries
Management letter identified three internal control improvements subsequently implemented
Technology Group · UK Parent, Cyprus Subsidiary
Component audit for IFRS 10 consolidated group with UK-listed parent

A UK-listed SaaS company required its Cyprus subsidiary — which held the group's core IP and employed the R&D team — to be audited to standards acceptable to its London-based group auditor. Previous local auditors had produced reporting packages that repeatedly required revision before acceptance.

Outcome
Reporting package accepted by the group auditor following completion of the agreed review process
IFRS 2 share-based payment charge correctly calculated and agreed with group
Transfer pricing documentation reviewed and aligned with group TP policy
Ongoing annual engagement retained for three consecutive years
Our process

How we conduct an audit

1
Planning & Risk Assessment

Deep-dive into your business, sector risks, internal controls, and prior year findings. We set materiality and design a focused audit programme.

2
Fieldwork

Partner-supervised testing of key balances, transactions, and disclosures. Real-time communication on findings — no surprises at the end.

3
Completion & Review

Senior partner sign-off on all working papers. Clearance of any outstanding points. Final financial statements reviewed and agreed.

4
Opinion & Management Letter

Signed audit opinion and a practical management letter with prioritised observations — not boilerplate. Debrief meeting with management included.

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