GOLD New Issue: The Accounting Revolution

In the new issue of GOLD (click here), available on newsstands from Sunday, 17 November, we feature how technology, stricter regulation and changing client demands are shaping the modern profession.

The professional services sector, including accountancy, has long been a major contributor to the Cyprus economy. According to the Cyprus Statistical Service (CyStat), 2022 saw notable growth in professional services and administrative support, with the sector expanding by 13% and 23.2%, respectively, and creating 38,289 new jobs. Like so many professions, accountancy has been hugely affected by new technologies and changing international standards as the world pivots to meet new climate goals and to deal with troubling geopolitical situations in places such as the Middle East, which have cause tectonic shifts and kept Cyprus as a hub of stability in the region. Regulatory compliance has also become increasingly important, obliging businesses to adapt and upskill their staff. The provision by accountancy firms of services to address these new challenges has led to greater client value and new revenue streams. All professional service providers have had to adapt and become more agile, tech-savvy and human-centric, in an effort to offer the insights and support that truly resonate with clients and are aligned with their strategic goals.

In this cover story, the heads of the ‘Big 4’ and other leading accountancy firms elaborate on how the profession has evolved, transforming them into trusted advisors that help clients navigate the complexity of regulatory changes, digitalisation, compliance and ESG standards.

• Nicos Chimarides Institute of Certified Public Accountants of Cyprus (ICPAC)
• Kyriakos Iordanou, Institute of Certified Public Accountants of Cyprus (ICPAC)
• Philippos Soseilos, PwC Cyprus
• Christos V. Vasiliou, KPMG in Cyprus
• Pieris Markou, Deloitte Cyprus
• Ronald Attard, EY Cyprus
• Marios Cosma, Treppides
• George Themistocleous, RSM
• Stavros Ioannou, Grant Thornton Cyprus
• Savvas M. Klitou, Baker Tilly South East Europe
• Christos Christodoulou, CSC Christodoulou
• Anastasia Kalaitzaki, Eurofast
• Andry Panteli, P.G. Economides & Co Ltd

Special Features:

• Luxury Brands
• Cyprus Trusts
• The Cyprus Real Estate Sector
• Oil & Gas Services in Cyprus

Exclusive interviews & features:

• Dependable Friends and Business Partners - Viraj Kulkarni, the Honorary Consul of Cyprus in Mumbai
• The Strategic Importance of the Indian Market for Cyprus' Professional Services Sector - Panayiotis Gregoriades, Board Member, Cyproman Services Ltd
• Compliance is the Key Weapon in the Fight Against Financial Crime - Marshall S. Billingslea, former Assistant Secretary at the US Department of the Treasury
• The Power of C - Costas Michael and Christos Drakos, CEO and CFO of Revolut in Cyprus
• Welcome to the Age of the Value-creating Robot - Peter Sarlin, CEO and Co-founder of Silo AI
• Adaptability is Key to Business Success - Demosthenes Mavrellis
• Mixing the ‘Secret Sauce’ - Startup guru Tal Catran

My Way: Christina Kokkalou

Five Minutes With: Luciano Sozzo

Start Me Up: GAMERAM

You can download the magazine app on AppStore / GooglePlay / WebApp using the keywords GoldMagazine for Gold Magazine. You can also read the magazine online at the following link

All this and more in Issue 164 of GOLD magazine, out on Sunday, 17 November. Click here to read the digital edition.