Audit

Nowadays, it is necessary for all business to have trustworthy, consistent financial information prepared according to local and international regulations.

The aim of our service is to enhance the reliability of the users of financial information. The audit provides transparency, trust and certifies the quality in the company’s management.

Audit of Financial Statements

Our work focuses on developing procedures that grant audit evidence over the amounts and disclosures included in the financial statements.

As part of our methodology, we identify the risks in each business area and evaluate the checks carried out by the company. This evaluation allows us to design the appropriate audit procedures.

The provision of a high quality service is a key component in our audit methodology. To do this, we ensure independency, train our staff, select our clients, assign employees according to each project, carry out an adequate supervision and consult with technical experts when deemed necessary.

From the audit process, reasonable assurance is obtained that the accounting statements of the Company are free of significant errors.

Limited Review of Financial Statements

A limited review is limited mainly to procedures of analytic review applied to accounting information and to inquiries over facts or events occurred during the period and, therefore, have a smaller scope than an audit.

On the basis of the limited review it is declared that there is no knowledge of any significant modification that should be done in order for the accounting statements to be in accordance with the according accounting regulations.

Compilation of Accounting Statements

A compilation has an even smaller range than an audit or a limited review of accounting statements.

Basically, it declares that the information shown on the accounting statements arise from accounting records made by the company.

Internal Audit

Internal audit is a management control tool that seeks to measure and evaluate the efficiency of the control inside the company. It is designed to provide a reasonable assurance over the achievements of company goals.

Over the last few years, the role of internal audit has substantially changed going from a traditional audit orientated to the protection of the business (assets) to an audit focused on risk controls, with the aim to raise the value of the company for the shareholders.

Internal control systems evaluation

By definition, internal control is understood as the process that is executed by management with the aim of evaluating specific operations with reasonable assurance in three main areas: effectiveness, operational efficiency, reliability of the financial information and compliance with policies, laws and regulations.

In order to achieve this, it is necessary to evaluate and implement a control environment, perform tasks of control, information and communications and tasks of monitoring.

Previously Agreed Audit Procedures

In certain situations, it is necessary to carry out certain audit procedures on accounting information, without performing a complete audit over the financial statements.

In these cases, we can carry out the procedures that are agreed with the client, making focus over certain aspects that are considered necessary.

Due Dilligence

This service enables the review of the correct valuation of assets and liabilities to a certain date, identifying contingencies and establishing “Proforma” financial statements that show the heritage value according to the International Financial Reporting Standards.