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Accounting and Audit Department

About us
 
Consulco & Partners is an independent firm of accountants and auditors, which is a member of the Institute of Certified Public Accountants in Cyprus (ICPAC). The partners of the firm are also members of the Association of Chartered Certified Accountants (ACCA) or the Institute of Chartered Accountants in England and Wales (ICAEW). The firm is the representative member in Cyprus of RSM International (www.rsmi.com), the 6th biggest worldwide network of independent audit firms
 
Consulco & Partners is one of the biggest accountancy and audit firms in Cyprus and has an impressive track record of servicing corporations with cross-border operations and investments. Big projects undertaken by our firm in the past included services regarding conversion into IFRS of the accounts of some of the biggest listed Russian energy companies and the assistance of clients in Initial Public Offerings (IPOs).
 
The firm’s clients originate from Eastern Europe (with a strong focus on Russia), Central Europe, Western Europe (with a strong focus on Scandinavia) and the US.
 
Services
 
Our aim is to provide our clients service of the highest quality level and at the same time maintain our professional and business ethics in order to add value and safeguard the interests of our clients. Through our multilingual staff we are able to service clients in English, Greek, Russian, Bulgarian and Romanian.
 
Audit and assurances
 
Through its experienced and qualified auditors, Consulco & Partners is responsible for preparing and presenting accurate financial information to the shareholders of companies and to the authorities.
 
Our services in this field include:
  • Statutory and IFRS audit for companies registered in Cyprus, the United Kingdom and other countries.
  • Preparation of stand-alone financial statements in accordance with International Financial Reporting Standards (IFRS).
  • Preparation of consolidated financial statements in accordance with International Financial Reporting Standards (IFRS).

Accounting

We use state of the art computerized accounting software for recording and preparing accounting records and financial statements.
 
Our services in this field include:
  • Maintenance of proper books and records by using computerized accounting systems in a multicurrency system, enabling us to prepare accounts in every major currency.
  • Invoicing services.   
  • Preparation of monthly /quarterly management accounts.
  • Payroll services.

Internal Audit services

We can also assist clients requiring internal audit services in a number of jurisdictions.
 
Internal audit services include:
  • the exercise of special investigations on detection of fraud; 
  • the preparation and documentation of internal procedures and processes in accordance with client needs and in accordance with regulatory bodies' requirements; 
  • the design and implementation of internal audit programs, and; 
  • the preparation of internal audit reports for management use and for company internal audit committees.

Corporate finance and business advisory

We assist our clients when they need to make strategic decisions with regard to capital financing, mergers and acquisitions or disposal of their businesses.
 
Our services include:
  • Management consultancy;
  • Advice on mergers, acquisition and management buyouts; 
  • Due diligence reports; 
  • Advice on capital restructuring and fund raising; 
  • Advice with respect to change of ownership and sale of business; 
  • Feasibility studies including cash flow reports.

VAT services

The VAT aspects of transactions between companies within the European Union (EU) and other transactions involving EU companies are becoming more complex. Specialised VAT advice and guidance is therefore often indispensable.
 
Our VAT services include:
  • Registering companies for VAT in Cyprus or other EU-countries.
  • Advising clients on the regulations and obligations for VAT within the EU.
  • Preparing and submitting VAT reports to the authorities.
  • Preparing and submitting EU Sales Lists and Intra Stat reports for companies trading within the EU.
  • Assisting clients in dealing with VAT investigations and enquiries.

Corporate and personal taxation

Clients engaged in international operations feel a growing need for proper international tax support from their auditors. They must be able to rely on professional tax advice in order to minimize their tax burden.
 
Our tax services include:
  • Services related to the application of double tax treaties, including the filing of requests for residency certificates; 
  • Preparation and submission of personal and corporation tax forms; 
  • Assisting clients with tax investigations and obtaining tax clearances from the authorities.

Partners

Anthony Haji Roussos, FCCA

  • Practicing Member of the Association of Chartered Certified Accountants of The UK.
  • 25 years of experience with Coopers & Lybrand as the partner in charge of international business services.
  • Author and co-author of several publications in the international tax planning field.
  • An elected member of the Cyprus Parliament since 1996.
    e-mail: ahr@consulco.com

 Andreas Georgiou, ACA

  • Member of the Education Committee of the ICPAC (the Institute of Certified Public Accountants of Cyprus).
  • University of London Graduate.
  • Practicing Member of the Institute of Chartered Accountants in England and Wales.
  • 5 years experience with PWC, Cyprus.
  • 2 years experience with Hellenic Bank in Cyprus.
  • 2 years experience as Group Financial Manager of a Listed Cyprus Company.
    e-mail: andreas.georgiou@consulco.com


 
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