Cyprus:
Extension Of Transitional Provisions Of The Auditors Law Of 2017
08 March 2018
Elias Neocleous & Co LLC
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Article 113 of the Auditors Law number 53(I) of 2017 provides a
"grandfathering" provision for audit firms registered
before 29 June 2008 to re-register under the new law. Such firms
were initially required to re-register within 6 months of the law
entering into effect, that is, by 2 December 2017.
Law 171(I) of 2017 extended the deadline for re-registration to
2 March 2018. The deadline has now been extended again, by Law 7(I)
of 2018. The new registration deadline is 31 December 2018.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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