Audit & Annual
Financial Statements
One team from books to filing. We prepare schedules, complete the audit, deliver bank-ready statements, and submit everything before the deadline.
Why choose Trustank Corporate
One contract, one team that takes you from books to filing. Our in-house, licensed auditors run focused fieldwork, keep queries tight, and deliver IFRS statements that banks and investors accept without fuss. We work with confidentiality, integrity and professionalism numbers match your minutes and contracts, support files are tidy, and deadlines are met. Fixed fees, no surprises, minimal disruption to your team.
Preparation of Financial Statements
Accounting Handover
Checklist, access to books and portals, and a clear calendar to the filing date.
Pre-close tidy up
We post year-end adjustments, reconcile balances and build the audit pack (TB, schedules, bank/EMI recs).
Fieldwork
Licensed auditors run focused procedures and confirmations with a tight, live list of queries.
Drafts & approvals
You get draft IFRS statements and tax comps. We clear points, then the board approves.
Filing & handover
We file with Registrar and Tax, and deliver a bank-ready PDF set plus a clean digital audit file.
One Contract • All Services
Why do i need the Audit?
An audit is an independent check of your company’s financial statements to confirm they’re true and fair and free from material misstatement. In Cyprus it’s required for all companies and is done under IFRS and International Standards on Auditing. Practically, it gives banks, investors and authorities confidence in your numbers, helps catch errors and weak controls before they become problems, and ensures what you file with the Registrar and Tax Department matches the reality of your business.
Good to know
An inexperienced accountant can cost you needless expenses, penalties for late or wrong filings, and hours lost fixing errors. Bad advice can even expose you in front of your clients, damaging trust and reputation. At Trustank, your file is led by our Chief Accountant (15+ years’ experience) and double-checked. Deadlines are tracked, records stay clean, and mistakes are not acceptable.
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Preparation of Financial Statements
The fee depends on the shape and volume of your year. Key drivers include: number of transactions and bank/EMI accounts, multi-currency use, inventory or stock counts, fixed assets and depreciation schedules, property holdings, loans and interest calculations, related-party or intercompany dealings, contract complexity (revenue recognition, deferred income, warranties), grants or subsidies, provisions, prior-year clean-up required, how tidy the bookkeeping is, and any deadlines or consolidation needs.
Prices start from €1,500 for a simple company (low volume, one bank, no property or other assets, no loans, no inventory, no complex contracts). Share your checklist and we’ll confirm a fixed quote before work starts.
F.A.Q
Do all Cyprus companies need an audit?
Yes. Every Cyprus company prepares audited IFRS financial statements each year.
When does the audit happen and what’s the deadline?
Year-end is the calendar year. Fieldwork runs after you close the books we then file the approved financials with the Registrar and submit the corporate tax return to the Tax Department on time.
How long does it take?
Typical SMEs: 2–4 weeks from complete records to filing, depending on volumes and how fast queries are cleared.
What do we get at the end?
Signed audit report and IFRS financial statements, tax computations, Registrar/Tax filing receipts, and a digital audit file with all schedules, confirmations and proofs.
What do we get at the end?
Signed audit report and IFRS financial statements, tax computations, Registrar/Tax filing receipts, and a digital audit file with all schedules, confirmations and proofs.
Can you undertake just the audit?
No. We don’t accept “audit-only” mandates because we can’t rely on numbers we didn’t build or review. If bookkeeping is wrong, the audit turns into a clean-up exercise with delays, extra cost and risk.
We first run (or re-perform) the accounting or a pre-audit tidy-up so the ledgers, schedules and evidence are sound then we audit.
