OUR SERVICES
AUDIT & ASSURANCE.
Our audit engagements are fully compliant with the International Standards on Auditing (ISA). We follow bespoke audit procedures to meet our clients’ needs and to match the relevant industry requirements.
According to the Cyprus Companies Act, every private and public company in Cyprus is obliged to file a copy of their audited financial statements with the Registrar of Companies on an annual basis. Financial statements must be audited by a qualified auditor or by an audit firm holding the appropriate practicing certificate and whose partners must also be members of an approved accountancy body.
The MT Audit team provides professional services of the highest standard and integrity, covering the following:
- Audit of financial statements in accordance with International Financial Reporting Standards (IFRS) and International Standard on Auditing (ISA)
- Review and submission of statutory financial statements to the relevant authorities
- Group audited financial statements consolidation
- Internal audit
- Specific purpose audit
- Evaluation and design of the accounting and internal controls system of a business
- Financial and fraud investigations
TAX & ADVISORY.
Our tax experts are here to ensure you will comply with all the requirements and obligations of the Inland Revenue Authorities both on corporate and individual level.
As your tax and business advisers, we can assist you with the proper tax planning that would minimise your tax liability, maximise your tax benefits and meet all the compliance requirements.
MT Audit taxation-related services include:
- International tax planning
- Corporate tax planning
- Personal tax planning
- Income tax planning
- Review and submission of tax declarations for individuals and companies
- Indirect tax (VAT)
- Capital Gains Tax
- Capital Statements
- Registration with Income Tax Authorities
Our VAT services include:
- VAT registration of companies in Cyprus
- Review and filing of VAT reports
- Maintaining of VAT records
- Advising clients on the regulations and obligations under VAT in Cyprus and within the EU.
- Review and filing VIES and IntraStat Reports for companies trading within the EU.
- Assisting clients in dealing with VAT issues and enquiries.
DUE DILIGENCE REPORTS.
Due Diligence is the process of investigating a business or entity, which usually involves reviewing all relevant financial records by exercising a reasonable standard of care. Such reports are of utmost importance in ensuring that informed decisions are made before entering into a financial transaction and are useful tools in considering all the costs and benefits involved in a business transaction. Effective due diligence will safeguard the company from unnecessary exposure and minimize risks. Cases in where due diligence reports are carried out are before an acquisition; or if a seller would like to ensure that the potential buyer has the ability to complete on their purchase offer.
Due diligence is not a general investigation but it includes specific elements which may vary based on the situation:
- Identify areas of potential risk
- Assess current management
- Evaluate systems and procedures
- Identify strengths and weaknesses of the business target
- Provide valuation services
- Analyze cash flows, balance sheet assets and liabilities
- Evaluate trends and management’s forecast
MANAGEMENT CONSULTANCY SERVICES.
We provide advisory services across the entire business life cycle in order to help business entities to assess their needs and meet their long-term strategic objectives.
