ARTICLE
12 December 2017

Extension Of Registration Deadline Under The Auditors Law Of 2017

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Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
Under the transitional provisions of the Auditors' Law, Law 53(I) of 2017, statutory auditors or statutory audit firms authorized before 29 June 2008 under the Companies Law were deemed...
Cyprus Accounting and Audit

Under the transitional provisions of the Auditors' Law, Law 53(I) of 2017, statutory auditors or statutory audit firms authorized before 29 June 2008 under the Companies Law were deemed to have been authorised under the new law and were required to register as members of recognized bodies within six months of the law entering into force, that is, by 2 December 2017. The deadline for registration has now been extended by three months, to 2 March 2018, by Law 171(I) of 2017.

It appears likely that there will be further amendments to the Auditors' Law in 2018.

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