Our Services

Our specialized audit and assurance services are built on a foundation of proven expertise and strategic alliances. We are proud to partner with established firms like Robin Chia PAC, leveraging their decades of experience in traditional auditing, and are connected to the global GMN International network to provide a unique blend of traditional rigor and digital asset expertise.

BVI and Cayman Islands Audit Requirements

A Cayman Islands or BVI company may need an audit if it is a regulated entity, such as an investment fund, or if the company's owner is subject to Controlled Foreign Company (CFC) rules in their home country. BVI companies must also submit a Financial Annual Return (FAR) with financial information, and while not all BVI companies require a statutory audit, funds and licensed entities do. Cayman Islands regulated companies must file audited financial statements with the Cayman Islands Monetary Authority (CIMA) in accordance with IFRS, while non-regulated companies generally do not require a mandatory audit.

British Virgin Islands (BVI) Companies

Financial Annual Return (FAR)

Since January 1, 2023, all BVI companies must submit an annual Financial Annual Return (FAR) to their registered agent. This includes a simplified income statement and balance sheet, and it must be filed within nine months of the financial year-end.

Statutory Audits

Audits are generally not required for most BVI companies but are mandatory for investment funds (private, professional, and public) and for licensed entities.

Accounting Records

All commercial companies must maintain accounting records that give a true and fair view of their financial position.

Cayman Islands Companies

Regulatory Audits

Audits are mandatory for companies regulated by the Cayman Islands Monetary Authority (CIMA).

Financial Statements

Audited financial statements for CIMA-regulated entities must be filed with CIMA within a specific timeframe, typically 3-6 months after the financial year-end.

Accounting Standards

Financial statements must be prepared in accordance with International Financial Reporting Standards (IFRS).

Non-Regulated Companies

Generally, non-regulated Cayman Islands companies are not required to have their financial statements audited or publicly filed.

When an Audit Might Be Needed

(Regardless of Jurisdiction)

Owner's CFC Rules

If the company's owner is a resident of a country with Controlled Foreign Company (CFC) legislation, an audit may be necessary for CFC reporting.

Banking Requirements

A bank may require an audit to open an account or review an existing one.

Company Valuation

An audit may be necessary for the valuation of the company, such as for a potential sale.

Contact Us