Audit and accounting

Preparation of financial statements and audits for a foreign company

Any company that was created in full compliance with all the rules for registering legal entities is required to provide regular reports to the State Register and the Tax Inspectorate. As a rule, the financial statements of foreign companies require a lot of effort and energy. That is why, according to existing regulations, it must be carried out by audits with the appropriate license. An interesting fact is that the passage of this procedure is necessary even for those enterprises that did not conduct any activity in the current year. In this case, the financial statements of foreign firms will be "zero".

Today, many agencies offer audit services to foreign businesses, but if you are going to use professional help, then be prepared to make your choice in all seriousness. Highly qualified consulting services of a foreign company should include:

1. Advice for proper preparation and audit of financial statements. They must be carried out by lawyers who have experience in this field.
2. Help on all issues related to accounting and taxation of companies that are registered in other countries. Complete accounting services for foreign businesses.
3. Assistance in the formation of tax, legal and audit opinions.
4. Legal due diligence of documents of a foreign company.
5. Developing various schemes related to finances.
6. Analysis of financial schemes of foreign companies.

Why is it better to turn to professionals for help?

This can be explained by the fact that financial reporting must be carried out in full compliance with IFRS International Financial Reporting Standards, and this process is quite painstaking and requires certain knowledge. The financial statements of foreign companies in 2015 need a collection of such documents: an extract from the banking institution where you had an account (it should describe all money transactions over the past year), agreements and contracts (they confirm all transactions), table accounting for sales/purchases, loans and their interest, a list of creditors and debtors, as well as records of amounts. Please note that different countries may request different packages of documents. For example, an audit and preparation of reports in Cyprus can also be carried out with copies certified by a notary.

As you can see, this process is quite complicated. Therefore, we are ready to offer you qualified legal services. High-quality and fast preparation of financial statements and audit in England and Cyprus – this is our speciality.

What can we offer you?

1. Full organization of all audits, as well as reporting on quarterly and annual finances.
2. Auditing and reporting in Cyprus at prices far below the competition.
3. Tax planning
4. Preliminary calculation of all data and discussion with clients of the results.
5. Obtain all necessary checks and declarations.
6. Preparation of financial statements and audit in England, the prices for which are quite pleasant.
7. Audit check control.

If your company is located in Cyprus, then you should remember that the legislation of this country states that each company must appoint a special Public Auditor. We can play his role, because our lawyers know all the subtleties that require the preparation of financial statements and audit in Cyprus in 2015. Grow your business the right way. Contact us!