Synapse · Audit & Assurance

Audit drawn from evidence, delivered with conviction.

Statutory audit, internal audit, forensics and IFRS advisory — Synapse-bot reads the GL, flags anomalies, drafts working papers; a Cyprus-qualified auditor signs the opinion. Every test, every conclusion, every reviewer captured.

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Synapse — the engine

Anomaly-driven. Opinion-led.

Coverage
100% of GL lines
scanned for anomalies — not a 5% sample. Every transaction has a confidence score
IFRS depth
GlobalIFRSNavigator
in-platform IFRS Q&A; standard text + interpretation guidance + worked examples
Cross-practice
Phoros · Argus · Symvasis
tax positions, AML findings, and statutory data flow into the audit data room automatically
MEDIUM CONFIDENCE — Manager review required
Anomaly flagged — Account 7110 (Other operating expenses)

Account 7110 shows €487,200 in Q4 2025 vs. €124,500 Q3 [1]— a +291% variance with no corresponding revenue uplift [2]. Top three contributors: consultancy fees (€312k), marketing (€89k), legal (€48k). Recommend: vouch top 3 invoices for substance + business rationale; request board minutes for any engagements > €100k.

Drafted by Synapse-bot v1.0 · Pending review · 2026-05-04 09:14 UTC
Audit ref: AI-2026-05-04-#0429 · Source: GL extract 2025-Q1..Q4 · Procedure: variance > ±50%
Services

Six service lines. One audit opinion.

Statutory audit
Cyprus mandatory audit (Companies Law Cap. 113); ISA-compliant; FRC-aligned
Internal audit
Co-source or full outsource; risk-based plan; quarterly reporting to audit committee
Forensic & investigations
Fraud investigation, litigation support, expert witness, asset tracing
Related-party / connected-units
Group reconciliation across entities — uses platform data feeds from Phoros + Symvasis
IFRS / ISA advisory
Standard interpretation, transition projects, IFRS 9 / 15 / 16 applications
Anomaly-detection assurance
Continuous monitoring of GL data; agent-flagged outliers reviewed by senior staff

Note: Synapse audits the financials. Tax positions are reviewed with Phoros; AML findings with Argus; statutory records (UBO, HE-forms) with Symvasis. One platform, one data room.

How it works

From GL extract to signed opinion — in weeks, not months.

1

Synapse-bot scans

GL data, prior-year accounts, and supporting docs ingested. The agent runs analytical procedures, flags anomalies, drafts working-paper templates, and pre-populates substantive testing schedules.

2

Auditor judges

A Cyprus-qualified auditor reviews flagged items, applies professional skepticism on edge cases, performs walkthroughs, and signs off on conclusions. The agent drafts the management letter as findings accumulate.

3

Opinion + audit trail

The signed audit opinion is delivered with a full audit trail: every procedure performed, every conclusion reached, every reviewer named — an evidence file the regulator (or successor auditor) can read.

Pricing

Scoped before we start. No surprise billing.

Statutory audit — small Cyprus company
€3,000 – €8,000
Single-entity audit · turnover ≤ €5M · ~3 weeks · ISA-compliant
Statutory audit — mid-market group
€10,000 – €40,000
Group audit · multi-entity · TP + AML touchpoints · 6–10 weeks
Internal audit retainer
€2,000 – €8,000 / mo
Co-source or full outsource · risk-based plan · audit-committee reporting
Forensic / investigations
Hourly + capped
Fraud investigation · expert witness · litigation support
IFRS transition / advisory
€5,000 – €30,000
Standard adoption (IFRS 9/15/16) · GlobalIFRSNavigator-supported
Anomaly-detection retainer
€800 – €3,500 / mo
Continuous GL monitoring · senior review of flags · early-warning brief
Free audit health check

30 minutes, no commitment.

Tell us about your audit needs and current pain points. We'll respond with an indicative scope + price within 24 business hours.

No marketing spam. We respond within 24 business hours.

Prefer email? synapse@fintechisland.com.cy · we respond within 24 business hours.

Ready to engage Synapse?

New audit, switching auditor, internal-audit outsource, IFRS transition, forensic enquiry — tell us what you need. Scoped proposal within 2 business days.

synapse@fintechisland.com.cyBook a 30-min call →