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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.

Audit & Assurance Services

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Audit of Financial Statements:

We conduct audits in compliance with the International Standards on Auditing (ISAs), providing a comprehensive overview of your financial statements.

Specific Purpose Audits

Tailored audits for unique situations, ensuring you meet specialized reporting needs.

Internal Audits:

We evaluate your company’s internal controls, providing valuable insights to enhance operational efficiency and reduce risk.

Systems Review & Internal Controls Evaluation:

We take care of arranging and submitting social insurance contributions and Pay-As-You-Earn (PAYE) taxes, ensuring compliance with local laws.

Compliance Audits:

We verify that your business complies with all relevant regulations and legal requirements.

FAQs

What is a risk-based audit approach?

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.

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.