We utilize a risk-based audit methodology, which focuses the audit to the risks inherent in the business.
McMillan Woods Cyprus specialises in performing audits in accordance with the ISA and reporting under the IFRS. Our key staff members are either ACA or ACCA qualified with significant experience.
When an audit assurance exercise is required, our systematic approach is designed to add value to our client’s businesses and produce positive benefits from our procedures.
In an audit assurance-based assignment, risk-based audit approach is often used to ensure our work task is of the highest value to both our clients and that of the third party’s reliance on the final report, hence enabling proper judgment and decision making.
We utilise a risk-based audit methodology, which focuses the audit to the risks inherent in the business.
Our risk-based audit approach includes audit procedures and checklists which examine all business matters that may arise and have an impact on a company’s Financial Statement. As a result, the audit opinion issued is relevant and insightful. Our assurance procedures deliver clarity through reporting, bringing value and confidence to our client’s purpose