OUR SERVICES

Audit & Assurance Services in Cyprus

A clear, efficient audit provides more than compliance, it offers independent assurance to shareholders, regulators and management. Our audit services in Cyprus are designed for companies that want high technical standards combined with practical, commercially aware reporting.

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VAT RULES

VAT Rules and Thresholds

We explain rules in clear language, supported by examples tailored to your sector, covering standard and reduced rates, exempt activities, and obligations for foreign companies.

Statutory Audits

Annual IFRS-compliant audits required by law

Most Common

Internal Audits

Risk and control reviews for process improvement

Special Engagements

Grant reporting, agreed-upon procedures

Financial Reviews

Targeted reviews of specific areas

OUR PROCESS

Audit Process & Timeline

Structured, transparent approach with clear timetable from start to finish

Planning

Risk Assessment

We assess your business, identify risk areas, and develop an audit plan tailored to your company.

Fieldwork

Testing & Evidence

Our team performs detailed testing, gathers evidence, and examines transactions and controls.

Review

Management Discussion

We discuss findings with management, clarify any issues, and agree on adjustments if needed.

Completion

Final Sign-off

Draft reports are reviewed, finalized, and issued in time for your filing deadlines.

INDUSTRIES

Industries We Serve

We serve clients across diverse sectors with specialized audit expertise.

Technology & SaaS

Investment Holdings

Trading & Distribution

Professional Services

Shipping & Logistics

Family Offices

Technology & SaaS

Investment Holdings

Trading & Distribution

Professional Services

Shipping & Logistics

Family Offices

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FAQ

Common Questions

Answers to frequently asked questions about audit services in Cyprus.

When are audit deadlines?

Cyprus companies typically need to file audited accounts within specific timeframes. We provide a clear timetable at the start of each engagement and stick to deadlines so you can file on time and focus on running your business.

When are audit deadlines?

Can you help with internal audits?

Yes, beyond statutory audits we support internal audit reviews of specific processes, control assessments, segregation of duties reviews, and risk management framework evaluations. For growing companies, an early internal audit can prevent issues before they become structural problems.

Can you help with internal audits?

Does my company need a statutory audit?

Most Cyprus companies are required to undergo a statutory audit. The criteria depend on company size, structure, and group relationships. We help you understand whether your company meets the criteria for mandatory statutory audit in Cyprus and how size thresholds affect your obligations.

Does my company need a statutory audit?

What accounting standards are used?

Our audit teams work under International Financial Reporting Standards (IFRS) and local legislation, focusing on accurate financial statements and disclosures, consistency between accounting policies and tax filings, and clear explanations of any adjustments.

What accounting standards are used?

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Book an Audit Review

Considering changing auditors, incorporating a company, or planning a transaction? Contact us for a confidential audit review, we'll outline obligations, timelines and estimated costs.

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Free initial consultation

Response within 24 hours

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Aqualis, based in Cyprus, is an independent firm of Chartered Accountants and a practicing member of ICPAC and ICAEW.

We offer expert tax, advisory and audit services with integrity and innovation, delivering tailored solutions for the dynamic international markets and guiding businesses.

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Get in Touch

+357 22515030

[email protected]

51C Stadiou Street, 2058, Nicosia, Cyprus.

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