European Union: Audit

IFRS 18 applies for annual reporting periods beginning on or after 1 January 2027 and will replace IAS 1. Although it does not change recognition and measurement principles, it will significantly affect how financial performance is presented and disclosed.

Germany's financial regulator Bafin is undertaking a major structural reorganization to intensify supervision of anti-money laundering, counter-terrorism financing, and cyber risks across the financial sector. The authority is creating a new specialized Anti-Financial-Crime division and reallocating approximately 30 additional positions to high-risk areas, signaling heightened scrutiny for financial institutions. What does this mean for compliance frameworks and audit preparedness in the German banking sect

Professional services teams in audit, tax, M&A, and finance spend countless hours on manual Excel tasks that don't require their expertise. RobotX, GGI's newest global partner, offers an AI-powered automation platform that eliminates these repetitive workflows, with some firms reporting 80% time savings in their test-of-details processes.

If you manage a Cyprus subsidiary from abroad, you have probably experienced a Cyprus audit delay at some point. The financial year ends, the trial balance and supporting documents are sent to the auditor...

As crypto assets move into regulated and institutional environments, the criteria for success are changing. In practice, it is not the tax rate that determines whether a crypto structure works...

Cyprus has become one of the most attractive destinations in Europe for international entrepreneurs, remote professionals, investors and retirees.

Cyprus Remote Employers.

On September 26, 2025 the Head of the Revenue Service issued Order No 20688 introducing a new instruction for the cancellation of 50% of fines imposed as a result of tax audits...

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