New Era for Accountants in Cyprus: Authorization Certificates Issued
In a critically important step forward for the accounting and auditing profession in Cyprus, the Accounting and Auditing Board of the Ministry of Finance recently held a ceremony to issue authorization certificates to qualified accountants and auditors. The event, held at the NEU Library, was attended by key figures including President Ersin Tatar, prime Minister Ünal Üstel, and finance Minister Özdemir Berova.
The ceremony marked the culmination of years of effort to establish a robust regulatory framework for the profession. Niyazi Akman, former president of the Association of Accountants, Chartered accountant and Auditor, emphasized the importance of this milestone, stating that the issuance of these certificates signifies the beginning of a new era for accountants in Cyprus.
Undersecretary Saadet Hüdaverdi, Chairman of the Accounting and Auditing Board, highlighted the law’s aim to combat the informal economy and boost economic growth and trust. She expressed confidence in the professionalism and integrity of the newly authorized accountants and auditors, emphasizing their crucial role in ensuring accurate and reliable financial reporting.
Finance Minister Özdemir berova underscored the government’s commitment to modernizing and strengthening all professions, especially those vital to the country’s economic growth. He praised the accountants for their dedication and emphasized the importance of their role in transparently reflecting the state’s financial position.
Prime Minister Ünal Üstel congratulated the recipients of the authorization certificates, emphasizing the government’s dedication to creating a stable and prosperous environment for all Cypriots. He highlighted the government’s ongoing investments in infrastructure, healthcare, and other key sectors, underscoring the importance of a strong accounting and auditing profession to support these initiatives.
President Ersin Tatar, recognizing the significance of the occasion, expressed his pride in the profession and commended those who contributed to the implementation of the new law. He emphasized the importance of maintaining high professional standards and continuous improvement within the accounting and auditing field.
The issuance of these authorization certificates signifies a significant step forward for the accounting and auditing profession in Cyprus, paving the way for a more clear, accountable, and prosperous future.
A New Era for Accountants in cyprus: an Interview with Industry Expert
Time.news: Today we’re discussing the recent milestone in Cyprus – the issuance of authorization certificates to qualified accountants adn auditors. What are the implications of this advancement for the accounting profession in Cyprus?
Industry Expert: This is a monumental moment for the accounting and auditing profession in Cyprus. For years, there’s been a push for stronger regulatory oversight. these authorization certificates signify a major step towards achieving that goal.
Time.news: You mentioned stronger regulation.Why is this so crucial for Cyprus?
Industry Expert: A robust regulatory framework builds trust and confidence. It ensures that accountants and auditors adhere to the highest ethical and professional standards. This,in turn,bolsters financial transparency and accountability,which are essential for attracting investors and fostering economic growth.
Time.news: The ceremony was attended by high-ranking officials, including President Ersin Tatar, Prime Minister Ünal Üstel, and Finance Minister Özdemir Berova. How notable is this level of political support for the profession?
Industry Expert: This level of government involvement sends a very clear message: Cyprus is serious about strengthening its accounting and auditing sector. It signifies a commitment to modernize and solidify the profession, recognizing its vital role in the country’s economic progress.
time.news: What are some specific benefits for businesses in Cyprus?
Industry Expert: Businesses will benefit from greater confidence in the financial facts provided to them by auditors. This can lead to more informed decision-making,attracting investment,and a more stable economic environment.It also helps combat the informal economy by ensuring compliance with financial regulations.
Time.news: How will this affect the daily work of accountants and auditors in Cyprus?
Industry Expert: Accountants and auditors will now have a clearly defined framework to operate within, ensuring they meet the highest standards of professionalism and competence. This may involve ongoing training and development to stay abreast of new regulations and best practices.
Time.news: What advice woudl you offer to aspiring accountants in cyprus?
Industry Expert: This is an exciting time to be an accountant in Cyprus! Embracing continuous learning, staying updated on regulatory changes, and upholding the highest ethical standards will be key to success in this evolving landscape.
