A risk-based audit focuses on identifying potential risks that could impact your financial health or operational performance. By prioritizing these areas, we provide recommendations that help improve your business processes and reduce exposure to risk.
Audit & Assurance
Get a reliably professional audit with highly personal service
At Next Gen Accounting Cyprus (NGACY), we believe in delivering more than just audit reports; we offer a comprehensive approach that enhances the integrity and efficiency of your business operations.
FAQs
What is a specific purpose audit?
A specific purpose audit is a customized audit designed to address a unique requirement, such as audits needed for grants, regulatory purposes, or business transactions like mergers and acquisitions. These audits focus on a specific aspect of your business, ensuring that all reporting needs are met.
How does NGACY ensure audit independence and objectivity?
At NGACY, we maintain strict independence and objectivity throughout the audit process. Our team is dedicated to providing unbiased recommendations, ensuring that our findings are driven by facts and professional integrity rather than outside influence.
What systems and controls do you evaluate during an audit?
During an audit, we assess a wide range of internal systems, including your accounting software, internal reporting structures, risk management processes, and any other systems that affect your financial reporting. Our goal is to ensure that these systems are efficient, secure, and fully compliant with regulations.