History of DSP

In 1987 Ioannis Demetriades returned to his homeland Cyprus and, with Vassos Shakos founded the audit firm Demetriades & Shakos.

Vassos Shakos is a Fellow of The Chartered Association of Certified Accountants and a Fellow of the British Institute of Management. He also studied and was articled in the UK. Vassos withdrew from the Partnership in December 1999 to take up a position as Finance Manager of one of the most successful hotels in Cyprus


On 1January 1994 Andreas Pifanis joined the partnership, and the firm was renamed Demetriades Shakos Pifanis (DSP).

In 1996 DSP became a member of JHI, a worldwide association of accountants, tax and management consultants.

In October 2000 DSP opened an office in Limassol, the second largest town of Cyprus.

On 1 January 2006 DSP resigned from JHI to become a Horwath Business Alliance Associate, and on 1 September 2006 DSP became a full member of Horwath International.

Horwath DSP Limited came into being on 30 November 2006, and all the activities of the partnership were transferred to the new company on 1 January 2007.