Stephanou Audit is a dynamic firm of Qualified Auditors, Certified Accountants and Business Advisors. Since its establishment, in 1984, the company has gained an enviable reputation for providing excellent advice and service to its clients. At Stephanou Audit we put our clients first. With our business support services, we can take care of your financial and accounting operations, leaving you free to do what you do best - growing your business.We are dedicated in helping our clients minimize their tax costs, protect their assets, develop their business and generally manage their financial affairs.The strength of our reputation comes from our people. ...
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At Stephanou Audit, we acknowledge that an audit is much more than a formality, it's a real necessity. For that reason we strive to deliver high quality audit services that will add value to your business. 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.Our audit approach is based on developing a sound, in-depth knowledge of our client’s activities and the financial and business risks that the organization faces. 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 that such statements present 'fairly' the company's financial condition and results of operations.All companies registered in Cyprus are required by law to submit audited financial statements.To ensure full compliance with the relevant legal requirements, we conform to the exact standards of the Cyprus regulatory authorities and International Financial Reporting Standards (I.F.R.S.).Our audit and assurance services include:Statutory audit of annual or interim financial statements in accordance with local statutory requirements and International Financial Reporting Standards (IFRS)Audit of prepared Financial Statements in accordance with the International Financial Reporting Standards (IFRS)Audit of Consolidated Financial Statements in accordance with International Financial Reporting Standards (IFRS)Review of financial statementsReview of interim financial informationAudit Report in accordance with International Standards on Auditing (ISA)
Accurate, well-organized financial records help your business run more efficiently, and are fundamental to the business decisions you are called upon to make every day. Stephanou Audit provides financial accounting and technical accounting advice, support tools, guidance and training which will help to improve the quality of your financial reporting process and deal with what counts.The team of our highly qualified and experienced professionals can provide a wide range of accounting and bookkeeping services to meet the needs of all its clients.Services provided include the following:Maintenance of proper books and records by using computerized accounting systems in a multi currency system enabling the preparation of financial statements and reports in every major currencyPreparation of periodic management accounting reports which are tailor - made to suit the client's requirements Preparation of various reports for management purposes such as budgets, cash flow forecasts along with variance reports against actual resultsRestatement of accounts to comply with IAS/GAAP requirementsReconciliation and analysis of bank accountsPayroll services Social insurance contribution servicesMaintenance of VAT records and preparation of VAT returnsPreparation of Financial Statements and Consolidates Financial Statements in accordance with International Financial Reporting Standards (IFRS)
Our firm provides leading edge advice to individuals and businesses in developing tax strategies that can maximize tax planning benefits and meet all compliance requirements and legitimately minimize their tax liabilities. The team of our highly qualified and experienced professionals can provide a wide range of accounting and bookkeeping services to meet the needs of all its clientsAll businesses seek tax efficient planning, in order to minimize their tax burden, take full advantage of all the tax benefits available to them and maximize shareholder value. An important part of our practice is to assist International Business Companies that operate in more than one jurisdiction. The application of Double Tax Treaties and proper planning can avoid the impact of paying tax twice on the same income or profits, or may even reduce or eliminate tax liabilities altogether. We are able to help you structure your business in a tax-efficient manner by utilizing Double Tax Treaties and other tax relevant legislation.Our key tax services include:Corporate Tax PlanningPersonal Tax PlanningInternational Tax PlanningReview and advice on Company’s tax positionAdvice on Optimum Tax StructuresAdvice for Double Tax TreatiesTax CompliancePreparation of tax provisions for financial statementsPreparation and submission of Tax Returns for companies and individualsAdvisory assistance on dealing with tax authoritiesCyprus Tax certificates
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Through our highly qualified and experienced corporate personnel, we offer company formation and registration services in close to 15 jurisdictions around the world, including America, Europe and the Far East. Registration of limited (Ltd) Companies in Cyprus is ideal for non – residents to establish offshore international business. Under the current tax legislation, Cyprus has one of the lowest tax regimes in Europe and its role as an international financial center is greatly enhanced. Our corporate set includes memorandum & articles of association, a seal, share certificates, certificate of incorporation, business registration certificate and all original formation documents. In addition to this, using its wide experience and its collaboration with reputable foreign law firms and corporate services providers, Stephanou Audit is able to offer in particular the following services worldwide:"Shelf" companiesDirectorshipTrustee shareholdersCompany secretaryRegistered officeTrustee functions Statutory books and records
Stephanou Audit provides a guiding force to businesses that pursue sound corporate governance and business planning models. Consequently, we ensure that the client’s company is in full compliance with requested targets. The team ascertains that company records are up to date and that statutory documents are completed, signed and filed in a timely manner.Secretarial line of services: Provision of Company Secretary Preparation of the minutes of directors and shareholders meetings Assisting with changes in the Company’s Memorandum and ArticlesPreparation and submission of Annual Returns Preparation of Powers of AttorneyMaintenance of the statutory books Implementing changes of ShareholdersIncrease and Reduction of share capital Change of NameEach and every business entity in order to operate globally successfully and effectively needs a wide range of Administration services that it can depend on. This is exactly the kind and quality of administration services we offer.Administration Support Services: Managing the issue of purchase orders, sales invoices, credit notes and debtor statements Handling correspondence with third partiesManaging telephone, faxes, mail and e-mail correspondence Preparation of payrolls of employees and executivesBank Support Services: Banking introductions to reputable banks Opening of corporate and trust accounts Operation of bank accountsArranging, handling and transferring Letters of CreditAssistance in arranging credit and debit cardsAssistance with arranging on-line banking servicesOther Support Services:Application for Certificate of Good StandingApplication for Tax Residence Certificate Web domain registration
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The businesses nowadays operate in a highly competitive environment. For that reason it is more necessary than ever for them to redefine their existence purpose within the market place as well as their direction by developing strong competitive advantages and core competences.Stephanou Audit offers a wide range of business consulting services. We work closely with the client, adopting worldwide best practices and approaches, in order to establish the strategy and their objectives and develop methods and processes that will cause sustainable competitive advantage.Our mission is to provide our clients with the highest quality business and financial advisory services that will help them grow their business. Our services include: Corporate Governance, Risk & ComplianceBusiness Advisory ServicesFinancial Advisory ServicesInternal control organizationFeasibility studiesMarket surveys and other specialized servicesCompany mergers and acquisitionsPreparation of sales contracts ,rental agreements and other documents & CertificationsPersonnel search and recruitmentTraining services in Book-keeping and computersBudget and cash flow preparation
Outsource your accounting operations to Stephanou Audit and get access to fast, accurate and cost-effective accounting services by the experts. We can take care of your financial and accounting operations, leaving you free to do what you do best - growing your business.Why Outsource?Reduced Costs – Outsourcing accounting and bookkeeping to Stephanou Audit may help your business reduce its costs and save money.Expertise – Outsourcing financial functions to us puts your bookkeeping and accounting operations in the hands of trained professionals whose sole focus is accounting.Experience – Stephanou Audit is a well –established firm of Qualified Auditors, Certified Accountants and Business Advisors. We have the depth and breadth to provide the services you need. Better Technology – Many businesses limp along with outdated accounting and bookkeeping software applications. By outsourcing your financial and accounting services to Stephanou Audit, your business will gain access to professionals using the latest financial services software.Enhance your Business Continuity with outsourced accounting.Improve your focus – By outsourcing financial and accounting operation, you can devote more of your people and resources to your core mission.Security – Your accounting data is stored on secured servers protecting against physical data loss, and to enhance business continuity and disaster recovery.We can process your transactions daily, just like an internal accounting department. Our expert accountants can handle the following accounting functions:Real-time transaction processingSales invoicing Vendor bill paymentPayroll processingManagement reportingBudgeting, forecasting, KPI trendingAt Stephanou Audit we act as an extended part of your team, keeping a constant eye on your accounting, helping you understand the numbers driving your business and making you achieve your business goals. Please feel free to contact with us in order to schedule a meeting so to get to know us better and show you what we have to offer to solve your everyday business challenges.
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Our Mission: “To help our clients prosper, by providing personalised professional services of the highest quality.”
