Governance and Operational Effectiveness

Our group of dedicated, highly qualified professionals share significant experience and specialised know-how with our clients so as to provide practical and effective solutions to better manage risk with the ultimate aim of enhancing shareholder value.

Internal Audit Advisory Services

  • Assist in the implementation of best practices as regards Internal Audit and Corporate Governance
  • Assist in the setting-up of an effective Internal Audit function
  • Develop a risk management framework and a risk based audit methodology
  • Assess the organisation’s control environment and provide recommendations for improvement

Internal Audit Sourcing Solutions

We tailor outsourcing or co-sourcing solutions in order to meet the needs of companies that do not have an in-house internal audit function, or that would like to minimise their full time internal audit resources. Such services include:
  • Full outsourcing of the internal audit function
  • Partial outsourcing (co-sourcing) of the internal audit function

Regulatory Compliance

Assist entities in the Financial Services industry to comply with regulatory requirements:
  • Support firms in obtaining a licence from the Cyprus Securities and Exchange Commission (CySEC) to operate as Cypriot Investment Firms (CIF)
  • Assist investment firms regulated by the CySEC to comply with relevant regulations and directives, e.g. MiFID, provision of internal audit services
  • Assist financial institutions to comply with relevant Central Bank of Cyprus regulations and directives, e.g. Basel II
  • Assist with the set-up of ICIS or UCITS including applications to the relevant regulators and ongoing regulatory compliance

Corporate Strategy

Assist clients to resolve strategic business issues either at the level of the organisation as a whole, or of an individual business unit, including:
  • Strategic review and assessment of the company position in the value chain in order to identify actions that will create and enhance shareholder value
  • Company internal analysis, assessment of strengths and weaknesses and identification of value maximization opportunities
  • Development of corporate plans to enable the company to improve performance and increase value
  • Strategy to enter a new market, penetrate an existing one, or defend market position against increasing competitive power

Operational Effectiveness

Improve the basic effectiveness of organisations including:
  • Cost reduction, addressing both personnel and non-personnel costs
  • Embed cost management best practices in an organisation and building sustainable infrastructure to "keep costs out"
  • Post-Mergers & Acquisitions integration to ensure achievement of synergies, and smooth and ‘lean’ transition to the new entity
  • Re-design organisational structures and revise “spans of control” to increase effectiveness, facilitate decision making and cut out the ‘fat’
  • Improve the quality and consistency of Management Information Systems (MIS) to support senior management’s decision making