We audit financial statements prepared in accordance with International Reporting Standards ("IFRS") based on International Financial Reporting Standards on Auditing ("ISA"). We make use of technology such as caseware and IDEA to ensure the process of information gathering and dissemination is as open and efficient as possible and to help drive audit efficiencies for your ultimate benefit.

We pride ourselves on our thorough and risk-based approach to audit. We ensure that our audit effort is focused on high risk or subjective accounting issues. This allows us to focus early on resolution of significant issues, resulting in less management distraction. We achieve this by starting planning procedures early and investing appropriate time and effort in understanding the client's business. We build this understanding, including transactions and practices that have a significant effect on a client's financial statements, through meetings with different levels of management. We start from meetings with the board of directors and senior management and work down and across the organization as necessary. Our purpose is to obtain as much comfort as possible from a client's internal control framework so that we are able to take the most efficient audit approach. However, we recognize that we may need to take a detailed substantive approach where we are unable to rely on internal controls, or if we decide that a substantive approach is equally effective and (or more) efficient.

Audit quality is at the core of everything we do at Philippou Auditors and we believe it is not just about reaching the right opinion, but how we get to that opinion. We have developed internal quality procedures that are applied to ensure audit engagements are performed at all times to the highest standards, without compromising quality.