Audit and Assurance

In today’s complex business landscape, ensuring the integrity and transparency of financial information is of utmost importance. Our audit and assurance services at G & P Consultants Ltd provide you with independent and objective assessments of your company’s financial statements, internal controls, and compliance with applicable regulations.

We understand that the audit process can seem daunting. However, our team of experienced auditors is here to guide you through the process and provide you with valuable insights. Our comprehensive audit approach is tailored to meet your specific requirements and industry standards.

 

Statutory audit for companies registered in Cyprus

Our Audit & Assurance services comprise of statutory and regulatory audit services, information systems review and general accounting and regulatory issues. Our partners are licensed by the Institute of Certified Public Accountants of Cyprus (ICPAC) to carry out statutory audits of financial statements as and when required by local legislation. Our partners are qualified chartered/certified accountants and members of ICPAC as well as ICAEW and ACCA, with practicing certificates to perform statutory audits.

Financial Statements prepared under IFRS

We can carry out audits of financial statements prepared under IFRS in countries where this is not a statutory requirement. This can also be done in cases where an IFRS audit may be required in order to report to the Group auditor who is expressing an opinion on the Group financial statements prepared under IFRS.

Management Accounts

Management Account Preparation is the creation of financial statements up to a specified period based on the available books and records of the company so as to assist management make informed decisions about their business. There are many times when the Banks will request financial statements in order not to freeze the bank accounts of the company. If the fully preparation of audited financial statements cannot be finalized in due time management accounts can provide the bank with the necessary information to keep the bank accounts as performing accounts and don’t block them.

Management Account Information includes:

  • Monthly Management Reports (Actual Results to date);
  • Budget Preparation
  • Monitoring Actual Performance to Budget.
  • Segmental Operational Analysis
  • Geographical Profitability Analysis
  • Cash Flow Projections / Analysis