-
Indirect Tax
Our experienced VAT specialists are available to assist companies and entrepreneurs of all industries and sizes in meeting their obligations.
-
Direct Tax
We can help you ensure a bespoke balance between tax compliance and effective tax planning for your special circumstances.
-
Privacy and Data Protection
Our digital risk team is made up of a combination of subject matter experts and technical specialists who can help your business comply with the GDPR.
-
Governance, Risk and Compliance (GRC)
While business goals and strategies evolve, our services support you wherever you are in your business cycle. The digital economy is simultaneously increasing the magnitude of new business opportunities while increasing the difficulty of getting it right.
-
ISO 27001 and ISO 27701
Grant Thornton’s ISO 27001 and ISO 27701 specialists will arrange and oversee the formal audit process.
-
SOC 1,2,3
As a service organization there are many ways to provide assurance to your customers and in turn other stakeholders over your control environment. One of the most effective and cost-efficient ways is to issue a Service Organization Control (SOC) Report.
-
Incident Response
Grant Thornton’s Cyber Incident Response Team can support your business in the event of a cyberattack or data loss event. We work alongside your existing IT and Legal teams to provide a co-ordinated, timely and efficient investigation and remediation.
-
Hacking Services
At Grant Thornton, our cyber security experts can develop a bespoke penetration testing plan to meet your business needs and unique IT environment. We can undertake the full suite of testing or conduct individual assessments, as required.
-
Cyber Health Check
Approximately 54% of organizations report that they have experienced at least one cyber-attack during the past year. Grant Thornton’s cyber health check provides you with an objective, jargon-free assessment of your current cyber security, drawing on both qualitative and quantitative elements.
-
Dark Web Threat Intelligence
We use a variety of dark and deep web monitoring tools that continuously scans illegal sites to discover any mention of your data, ranging from breached security credentials such as usernames and passwords to leaked confidential documents of your company.
-
Digital forensics and electronic discovery
We offer a full suite of digital forensics and data acquisition services in investigations related to cybercrime, disputes, fraud and regulatory investigations.
-
Insolvency
If you're facing a time of personal or corporate financial crisis you need advice from someone who listens, who understands your specific issues and deals with them in a supportive and sensitive manner.
-
Crisis stabilisation and turnaround
In periods of financial distress, management teams often face considerable challenges, with many directors having little or no experience of similar conditions.
-
Operational and financial restructuring
Companies challenged by underperformance often need support in identifying options for financial or operational restructuring. Tapping this type of advice helps them create a stable platform for business turnaround.
-
Accelerated M & A
Even fundamentally sound businesses run into difficulties. Cash flow can come under pressure from the loss of a big client, or a dip in performance can threaten a breach of banking covenants if there is insufficient headroom.
-
Life at Grant Thornton
At Grant Thornton Cyprus, we are taking a holistic approach and reimagining the way we work, continually assessing it and making necessary changes to better support our people.
-
In the community
Unlocking the potential for growth in our local communities.
-
Diversity and inclusion
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
-
Global talent mobility
One of the biggest attractions of a career with Grant Thornton Cyprus is the opportunity to work on cross-border projects all over the world.
-
Learning and development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day.
-
Our values
We are a values-driven organisation and we have more than 56,000 people in over 140 countries who are passionately committed to these values.
Our audit and AML regulatory compliance services include
Quality control reviews
Audit file reviews – hot or cold
‘Cold’ file reviews are done in line with the requirements of ISQC1 and ISAs. These are reviews of completed audit engagements, after audit reports have been issued. The purpose of such reviews concentrates on monitoring and improving the overall quality of audit work within the firm, ensures compliance with relevant auditing standards and assist the firm in improving its efficiency and effectiveness.
We also undertake ‘hot ’reviews of files for high risk or PIE clients or to act as a safeguard in response to audit independence threats the firm may face. Such reviews aim at ensuring that all significant risk and material areas have been duly identified and adequately dealt with as they are carried out before the audit report is signed.
AML file reviews and AML internal audit reviews
We undertake reviews of client files to monitor the firm’s compliance with the requirements of the Prevention and Suppression of Money Laundering Activities Laws of 2007-2018 (AML Law) and the directive issued by the relevant regulator, for instance ICPAC’s 2019 AML directive, (‘Money Laundering Regulations’) and where relevant compliance with the Law on administrative services.
Such reviews can also be used to satisfy the regulatory requirement of having an internal audit review of the firm’s AML policies, controls and procedures to ensure that they are in accordance with the Money Laundering Regulations and that they are being effectively applied.
Review of AUDIT and AML manuals
In respect to audit we are able to review the firm’s documented policies and procedures to ensure that they are in line with the requirements of ISQC1 and applicable to their own firm’s size and structure.
For AML purposes we can review the firm’s documented internal controls, policies and procedures in line with local regulatory requirements and directives.
Presentations and feedback
The results of the reviews will be presented to the firm in a detailed presentation showing our findings and pointing out recommendations for the firm’s future action.
Training and development
Our partner, Haroulla Arkade, will be responsible to offer all in house training to firms, she specialises in audit compliance and regulatory training. Her experience in this field having acted as Senior practice reviewer for ACCA responsible for monitoring ICPAC member firms by carrying out audit and AML regulatory visits will allow her to provide practical training on the application of regulatory requirements.
Retainers
This is an ideal service for firms who do not have adequate resources to support complex, difficult or contentious situations that may arise in respect to audit or AML matters. For a fixed fee per quarter or year we are able to provide ongoing guidance such as response to queries or for more complex areas ensure that the firm has a clear understanding of the situation and ensure that significant matters are taken into account before it reaches a conclusion.
Action plan preparation
After a visit from your Regulatory Body to monitor the quality of your audit work or to review the firm’s compliance with AML regulations and certain other regulations by their professional bodies, the firm is expected to provide a response and/or action plan showing the firm’s intended action and commitment to make the necessary improvements in its policies and procedures.
We are able to provide assistance to firms in setting up their response and/or action plan to their regulators to ensure that the weaknesses identified in the report are adequately dealt with, and provide a time frame for their implementation.
