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Public Sector

A & C CHRISTOFI Ltd. is a service-based company located in Cyprus, offering accounting services to the public sector organization.

Public Sector organizations face a number of challenges, from economic pressures, cuts in funding, and the increasing need to achieve value for money. Our firm has an extensive client base and a wealth of experience, with 10+ years working with public sector organizations, thus making us fully equipped to help you overcome these challenges, by providing practical, specialist advice and guidance. Working directly with your officers and councilors, we offer support with:

  1. Shared service arrangements.
  2. Performance and efficiency improvements.
  3. Alternative forms of income generation.
  4. Internal audit services.
  5. Investment management.
  6. Due diligence investigations.

Through years of experience, we understand the specific concerns of all kinds of public sector organizations. Each has its own way of operating, which is why we tailor our services to meet your specific needs. We develop a close working relationship, enabling us to fully appreciate your aims and ambitions – and to identify opportunities as they arise.

We have a focused team of technical specialists with in-depth knowledge of the versatility of the public sector. They use their in-depth knowledge to guide you through the shared service process, always working towards your specific objectives.

We assess all available options, including outsourcing and joint ventures. This can involve working with senior politicians and senior management teams. Liaising with your legal advisers, we support you through implementation and help set up the most effective structure, such as an LLP or limited company. Then we provide ongoing support to meet your compliance requirements, including financial audit, tax and accounting. We can also advise on the next stages of growth, including selling services to other organizations.

As state and local governments face revenue fluctuations and growing compliance demands, public officials need a partner with the necessary industry knowledge, technical expertise, and consulting insights to help them respond to these challenges. A & C CHRISTOFI Ltd. stands apart from other accounting firms for our ability to provide our clients value beyond compliance. Our Public Sector Industry Group, led by well-respected financial consultant, has first-hand public service experience that provides us with a deep understanding of the issues facing government entities and the demands placed upon them, as well as experience with board relations and local or regional public policy matters.

We are thus equipped to offer the best possible solutions and advice to our clients when it comes to accounting, taxation, and other financial affairs, ensuring that their business operates smoothly and complies with all relevant requirements.

As part of our accounting services, A & C CHRISTOFI Ltd. will generate updated reports for our clients, informing them of their financial position and allowing them to work out business strategies accordingly. This will also enable you to ensure that all your payables and receivables have been correctly accounted for. Furthermore, our team will assist in the review of your company’s profitability and cash flow position. Assurance and compliance services for the public sector include:

  • Compliance and single audits
  • Financial statement audits
  • Internal audit outsourcing and co-sourcing
  • Fraud and forensic accounting
  • Internal controls development and testing

For more information and to set up a no-obligation discussion, please contact us at info@acccyp.com or call us on +357 25 332 177.

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