PwC Cyprus (auditors, accountants and business consultants)

Cyprus:

Our News

16 May 2013: Our latest publication: "A beginner's guide to privatisations"
15 May 2013: Decline in banking M&A is a fundamental shift, not just a cyclical downturn
9 May 2013: Interview with Mr. George Vassiliou, former President of Cyprus
2 May 2013: Global Economy Watch - May 2013 - Global Economic recovery is uneven
1 May 2013: Will Cyprus survive as an international financial centre? - Evgenios C. Evgeniou interview

Audit and regulatory affairs

Mandatory firm rotation

See our views on why recent proposals to mandate the rotating of audit firms would significantly reduce the quality of audit and the reliability of financial reporting.

Read our points of view

Audit, independence and integrity

We’ve recently seen many changes designed to enhance independence and objectivity. See our proposals for how we can build on the safeguards and reforms already in place.

Read our points of view

Some argue that allowing auditors to carry out any non-audit services for their audit clients weakens their independence, objectivity and professional scepticism. Here’s why we disagree.

Read our points of view

Competition and choice in the audit market

Healthy competition is good for the marketplace, but this should not be achieved through artificial intervention. See our views on competition in the audit market.

Read our points of view

Governance and transparency of the audit

Audit committees have a key role to play, and their role should be strengthened to help make them even more effective and to help their decision-making around reappointing auditors.

Read our points of view

Benefits of scale

Large, global companies require an audit firm of comparable size and scale. See our views on the EC's proposals to address the dominance of the Big Four firms.

Read our points of view

Professional Services

Driving jobs and growth in Cyprus

The report findings demonstrate that the professional services sector has become the main driver of jobs and growth in Cyprus. The research notes that professional services do not compete with other sectors of the economy but rather complement and support their development. Read the report.