Audit and Assurance

It is widely known that an audit is much more than a formality, it's a real necessity.

With regulatory, legislative and political changes continuously evolving and changing, there is an increased pressure on the need for reliable financial information, consequently putting the spotlight on audit and assurance services.

An audit is an independent assessment of the fairness by which a company's financial statements are presented by its management. It must be objective, independent, and conducted with integrity and professionalism, both to protect the business and to encourage it to thrive. Audit quality is a fundamental component of our firm's strategy and vision and a standard consistently reinforced throughout KPSA.

The KPSA audit approach is based on developing a sound understanding of the business and the financial and business risks that the organisation faces. The efficiency and effectiveness of our auditors is based upon a practical, flexible and pragmatic approach to working with our clients. By agreeing expectations at an early stage, the audit is focused on the requirements of the business. This enables us to provide an audit opinion on the financial statements while still presenting the business owner(s) with useful information to assist in future developments and also provide assurance for third parties or external users (i.e. meeting relevant regulatory requirements) that such statements present fairly the company's financial condition and results of operations.

Every assignment will be overseen by the partner in charge who is entirely responsible for the client. This partner will always be your main contact point within KPSA.

At KPSA, our approach reflects our experience and demonstrates an understanding of what our clients need:

• We cooperate with you, offering continuous interest in your company's affairs.
• Our audit methodology is designed to comply with the International Standards on Auditing (ISA), and accordingly aligns with new standards. Our risk-based approach combined with an up-front risk assessment ensures an understanding on your business's key issues and concerns and identifies possible threats.
• Subject to independent constraints, we can also offer pro-active advice on the risks the company faces, including practical solutions to accounting and systems weaknesses.
• With KPSA, you can rely on your business's financial information, while making your financial reporting process easier, more effective and more in line with your business goals.

If you are interested in a no-commitment meeting to discuss this service, please feel free to contact us at info@kpsa.com.cy