An audit is an independent assessment of the truth and fairness by which a company’s financial statements are presented by its management. Audit can improve a company’s efficiency and profitability by helping the management and/or shareholders to better understand their own working and financial systems. It must be objective, independent, and conducted with integrity and professionalism to protect the business as a whole.
Copperlink’s audit methodology is mainly based on the International Auditing Standards (IASs), it is planned on a case by case scenario so that it provides the highest possible value to our clients, offering advice and recommendations on improving overall internal control and efficiency of operations.
Our audit approach is tailored to our clients’ individual circumstances such as the industry sector in which they operate, their size and operations. It draws upon our technical know-how and experience on International Financial Reporting Standards (IFRSs), legislation and complex reporting matters. Our methodology is fully computerized from the initial audit planning stage all the way through to the completion of an audit engagement ensuring full compliance with IASs and internationally applied auditing practices.
Our Audit and Assurance services mainly involve:
- Statutory audits for companies registered in Cyprus in accordance with IASs
- Assistance in the presentation of financial statements in accordance with IFRSs
- Internal audits
- Review of internal control systems, evaluation and recommendations for improvement