"Before the pandemic, Cyprus showed one of the lowest results in Europe on the number of people teleworking. In 2019, only 1,3% of professionals here worked remotely", - observes Michael Hadjihannas, Managing Director of FinExpertiza Cyprus and Development Director for Europe at FinExpertiza Global, in his column for "Europe-Cyprus" e-zine. Over the past few quarantine weeks Cyprus has seen an unprecedented digitalization campaign resulting in a total rewiring of business and lifestyle processes. How COVID-19 revealed the real value of technology - as witnessed by Michael Hadjihannas.

https://finexpertiza.com/en/news/covid-19-tsen-tekhnolog/

FinExpertiza Serbia has turned 5 years old. Three cheers to our Serbian team, whose success is based on a perfect blend of professional excellence, total dedication and unfailing human touch!

On May 27, FinExpertiza will host a webinar on changes in the Netherlands tax law. The speaker, Friggo Kraaijeveld, Partner of KC Legal, will discuss the legislative changes that came into force in 2020 and how they will affect the work of business and investors.

Webinar language - English.

The webinar will take place on May 27 at 12:00 Moscow time.

https://events.webinar.ru/FinExpertiza/4910730

FinExpertiza held "2020 Netherlands Tax Update" - a webinar on changes in the Dutch tax law. Friggo Kraaijeveld, Partner of KC Legal, gave a comprehensive overview of the legislative changes that came into force this year and commented on how they will affect the work of businesses and investors.

https://youtu.be/n4XSQHfDdKY

Ilgiz Baymuratov, vice-president of the international audit and consulting network FinExpertiza, made a presentation on the topic "The coronavirus pandemic: implications for financial reporting and audit" at the International Video Conference of Accountants of the Eurasian Region.

The conference brought together heads of professional organizations of accountants and auditors of the Eurasian region, members of the International Federation of Accountants (IFAC) and candidates for IFAC membership. The event was organized by the Self-regulatory Organization of Auditors Association "Sodruzhestvo" (SRO AAS).

The international audit and consulting network FinExpertiza has confirmed its position in the 2019 top ten largest audit groups in Russia according to the rating agency RAEX. For many years standing FinExpertiza has held its own in the top-league of the auditing profession.

Uniting more than 1 200 professionals in 16 countries, FinExpertiza provides high-quality audit, evaluation and consulting services on 5 continents, and is proud to be a member of Forum of Firms (IFAC).

Cyprus professionals working from home suffer from distractors, logistics issues and, among other things, loneliness - shows a study by FinExpertiza Cyprus published in Cyprus Mail. The respondents mentioned an inability to "unplug" from the working process, time-management difficulties and limited access to data and equipment as other side effects of teleworking. That said, the Cypriots appreciate their newly-found flexibility, no commuting, home comforts and the ability to concentrate on their chief professional objectives. According to the study, about 30% of the respondents are not planning to resume their office routine when the pandemic is over.

Read more:
https://finexpertiza.com/en/news/plyusy-i-minusy-dist-rab-kipr/

KC Legal, member of FinExpertiza Global, has been rated among the best Dutch law firms in the Tax Advice category by International Tax Review. Furthermore, Friggo Kraaijeveld, Partner of KC Legal, has been recognised a Tax Leader in the Netherlands. The firm received the honours for the fifth year running. The firm’s achievements have also earned them a firm place in WORLDTAX2020 - the specialized rating celebrating the best of the best in the tax advisory field.

"I am proud that our valued clients continue to appreciate the quality work of KC Legal. I am honoured to be recognized as Tax Leader in the Netherlands. However, the greatest reward should go to our incredible tax team," Friggo Kraaijeveld emphasizes.

The Kazakh company ProgressAuditKz has joined the international audit and consulting network FinExpertiza. The network now includes 20 companies from 16 countries.

ProgressAuditKz is based in Nur-Sultan. The company provides comprehensive audit and consulting services, helping businesses achieve their strategic goals and boost their efficiency.

The new member firm in Kazakhstan will allow FinExpertiza to expand business development opportunities for its clients in new markets.

FinExpertiza is an international audit and consulting network with its headquarters located in Moscow, uniting more than 1200 professionals in 16 countries of the world. Since its inception, FinExpertiza has established business processes on five continents, gained a steady position in the ТОP-30 of the best global audit and consulting networks, and was admitted into the "elite club" of the profession - the Forum of Firms under IFAC. FinExpertiza offices operate in Armenia, Belarus, Georgia, Egypt, Kazakhstan, Cyprus, Kyrgyzstan, Russia, Serbia, Turkey, Uzbekistan, the Netherlands, Indonesia, Saudi Arabia, Pakistan and the United Arab Emirates.

Dear colleagues, partners, friends!

We toast to a year unmasked, unlocked and filled with the warmth of good old face-to-face meetings. Because, to quote the classic, he only real luxury is the luxury of human communication.

Here’s to a year of luxury and pleasant surprises!

Yours, FinExpertiza

https://youtu.be/iC_OVNPseEM

In 2021 Russia is likely to renegotiate the tax treaties with Switzerland, Singapore and Hong Kong – expects Friggo Kraaijeveld, Partner of FinExpertiza Netherlands. "In the next phase the tax treaties with less used investment hubs such as Ireland, the United Kingdom, Austria or Sweden could be renegotiated with the same aim of increased withholding taxes," the expert told the leading Russian news agency RIA Novosti.

Read more:
https://finexpertiza.ru/eng/solutions/actual-topics/strany-v-ocheredi-na-peresmotr-nalogov/

Central European expansion: FinExpertiza is now active in Hungary.

The law firm Ratky and Partner from Budapest has joined FinExpertiza Global. Now, the network comprises 21 companies from 17 countries.

Ratky and Partner provides legal services and business support in Hungary and other European countries. The company employs 40 professionals with extensive experience in various fields of business law. Ratky and Partner experts ensure implementation of cross-border transactions and are ready to provide legal support in English, German, French, Russian and Chinese. More information:
https://finexpertiza.com/en/location/hungary/

FinExpertiza international audit and consulting network, headquartered in Moscow, currently unites more than 1300 professionals from two dozen companies. Throughout its operation, FinExpertiza has built business processes on five continents, took a firm position in the TOP-30 of the best audit and consulting networks of the world, and was also admitted into the "elite club" of the profession - the Forum of Firms under the International Federation of Accountants (IFAC).

FinExpertiza offices operate in Armenia, Belarus, Hungary, Georgia, Egypt, Kazakhstan, Cyprus, Kyrgyzstan, the Netherlands, the United Arab Emirates, Pakistan, Russia, Saudi Arabia, Serbia, Turkey, Uzbekistan, Indonesia.

On April 22nd Rutger Koulewijn, Business Advisor at FinExpertiza Netherlands / KC Accounting, will discuss the advantages of non-public companies under the Dutch GAAP compared to companies under IFRS.

The upcoming webinar will cover the following topics:

- Classification of companies under Dutch GAAP.
- The advantage of the classification "Small Size" compared to "Medium Size" and "Large Size".
- The comparison with IFRS.
- And how to substantially reduce the cost of doing business in The Netherlands in this respect.

The webinar will be held on April 22nd at 4 PM Moscow time (2 PM CET time).

The webinar language is English with Russian interpretation.

Please, click the following link to register:
https://events.webinar.ru/FinExpertiza/8472429

Dear colleagues, partners and friends! Some important things in our lives just get better with time - like FinExpertiza, celebrating its 24th birthday today. From a local audit firm launched on a sunny May day in Moscow to a top-rated global audit and consulting network, FinExpertiza skyrocketed into the financial services orbit and is still climbing fast. Today our congratulations go to the pilot in command - the network’s President Elena Trubnikova and our seasoned international crew, qualified, superefficient, striving for new stars and new attainments. We thank our clients in 17 countries for trusting us with their corporate finance. We live by the motto: audit without borders, consulting without limits!

FinExpertiza has been ranked seventh among international audit networks operating in Russia - Kommersant reports. Over the years FinExpertiza Global, the only international audit and consulting network headquartered in Russia, has secured a spot at the top of RAEX ranking of Russian audit firms. The present success is a reflection of FinExpertiza Global’s position on the international market: the network rates among the biggest audit and consulting networks worldwide. Today, FinExpertiza unites more than 1 300 professionals in 17 countries.

FinExpertiza Cyprus has successfully passed a monitoring visit carried out by the Association of Chartered Certified Accountants (ACCA) on behalf of the Institute of Certified Public Accountants of Cyprus (ICPAC).

"ACCA is the sole independent review body upholding audit standards in Cyprus, therefore a successful monitoring visit is, essentially, a quality assurance token on this market. The more so for us, as it’s the second time in a row ACCA has confirmed the quality of our services," explains Michael Hadjihannas, Development Director of FinExpertiza Global in Europe.

The primary purpose of the visit was to monitor the firm’s compliance with International Standard on Quality Control 1 (ISQC 1) and International Standards on Auditing (ISAs) in the conduct of audit work, and the firm’s compliance with the IESBA Code of Ethics for Professional Accountants including International Independence Standards 2018 Edition (2018 Code of Ethics), directly relevant to the audit of annual financial statements. The previous visit took place on 13 February 2015, with FinExpertiza Cyprus also receiving a favourable conclusion of the audit monitoring.