Nicosia, Cyprus. The Institute of Certified Public Accountants of Cyprus (ICPAC) leadership met Energy Minister Michael Damianos on Friday to discuss the future of the hydrocarbons sector. The delegation also met with the ministry’s Director General, Kyriakos Iordanou.
Focus on governance and oversight
ICPAC said the meeting centred on promoting transparency and accountability within the energy industry. Both sides examined ways to strengthen audit and oversight mechanisms to support the responsible management of the country’s natural resources.
ICPAC outlines its role
The professional body said it can contribute through its specialised expertise and broader institutional role. “Today, as the leadership of ICPAC, we had the opportunity to hold a highly constructive meeting with the Minister of Energy, Commerce and Industry, Michael Damianos, and the ministry’s Director General, Kyriakos Iordanou,” ICPAC said.
Statement on collaboration
“Our discussion focused on transparency, accountability and the strengthening of audit and oversight mechanisms in the hydrocarbons sector, as well as on the important contribution ICPAC can make through its expertise and institutional role,” ICPAC added. “At ICPAC, we firmly believe that collaboration, responsible governance and professional excellence are essential in building a stronger, more transparent and sustainable future for Cyprus,” it concluded.
What steps do you think should be prioritised to strengthen audit and oversight in Cyprus’ hydrocarbons sector?
