Financial Audit

An effective advice under our audit approach will provide clear and practical recommendations that allow companies to achieve their objectives.
For us, the use of technology is very important, for this reason we have technological tools, such as our DATEV software that allows us to carry out an efficient work, optimizing times and giving the best recommendations to our clients.
We are convinced that timely communication is the main key to providing a high quality audit service.

Internal Controls

We will provide the Internal Controls´ study and evaluation, for the detection of discontinued controls or the ones that do not add value in the operation of business. In the same vein, we offer advice for the design and implementation of controls in risk areas according to our policies, which are:

-Efficacy and efficiency of the operations (Objectives of operations).
-Reliability of financial information (Objectives of financial information).
-Compliance with the applicable laws and regulations (Compliance Objectives).

IFRS Application

To evaluate and coordinate the adequate application of the NIIF in the context of the adopted policies or any changes to themselves, the initial recognition and subsequent application, fulfilling the estimates, possible adjustments and the correct disclosures in the notes to the Financial Statements.

This service consists in a permanent follow-up and technical evaluation of the applicable guidelines of the international standards, considering the inherent risks of auditing and in accordance with the tributary interrelated aspects.

Agreed Procedures

This service is targeted to specific jobs in the entity’s financial information, likewise it can provide useful guidance for tasks regarding non-financial information, provided that the auditor has adequate knowledge of the matter in question and that reasonable criteria exists on which to base the results.

The agreed-upon procedures may imply that the auditor performs certain procedures concerning individual items of financial data (e.g., accounts payable, accounts receivable, purchases from related parties and sales and profits of a segment of an entity), a state financial (e.g., a balance sheet) or to a set of financial statements.

The objective of a report under this scheme is to carry out procedures of an audit which the auditor and the Business Entity have agreed upon and any appropriate third parties, and to report the results of it.

Manual Process

Our professional assistance in the development of process manuals runs according to the need and importance of standards (rules) and internal policies of internal control defined or to be defined together with the customer, in order to design and implement the development of a narrative, under a scheme that includes the charge, procedures and documentation, and describe, step by step, the procedures of area, from the beginning to the end of the same, which will monitor compliance of the generated daily activities in departments and overseeing them.

Due Diligence

The objective of the service of Due Diligence is to reduce the risk in the process of acquisition of a business or company by a buyer, giving that an independent and comprehensive assessment of the business and reviewing the possible existence of hidden liabilities or contingencies in all areas of the study or review of "due diligence", which covers and assesses the following aspects of a business:

• Financial Accounting Aspects;
• Market and Competition;
• Organizational Environment;
• Use of information technology;
• Tax Matters;
• Labor Affairs;
• Legal issues, among others to be defined as a procedure.

These aspects are fundamental pillars for good decision-making on a business transaction, be it for purchase or sale, where both buyers and sellers are involved, and these need to ensure that the financial information they possess is accurate as possible, not only to avoid payments above the just price agreed in the negotiations (for the buyer), but also to receive less value than it really is fair (for the seller) in the negotiation or purchase.

Internal Control - COSO ERM

Recommended by the Guides and Lineaments issued by the Commitment of Sponsoring Organization of Treadway Commission (COSO), a voluntary private sector organization made up of five organizations which aims to deliver frameworks and guidance on enterprise risk management, internal control and fraud deterrence, all to provide corporate governance more effective stabilization of business, efficient and ethical.

COSO guidelines are mainly used in risk management and establish internal controls that help companies ensure the reliable creation of financial reports. These controls enable companies to comply with laws and regulations such as the Sarbanes-Oxley Act, while at the same time you get prevention of losses and appropriate performance targets.

The COSO has developed the "Enterprise Risk Management - Integrated Framework" (Framework for Integrated Management of Corporate Risks) or COSO-ERM, which is a tool for the "Corporate Risk Management". Corporate Risk Management is a process conducted by the Board, its management and other personnel, applied to the definition of strategies across the enterprise, designed to identify potential events that may affect the organization, manage risks within the range accepted and provide reasonable assurance regarding the achievement of objectives.

It should indicate that it is the responsibility of the Directors of the Company to develop adequate internal control within their operations and processes, it is necessary that the design and implementation of controls to meet expectations of corporate governance.

The service we provide is aligned to the COSO ERM methodology cited here which allows an entity to implement the 8 elements of international practices guide COSO ("Enterprise Risk Management - Integrated Framework").

Functions Manual

This service consists in the evaluation of functions and the elaboration of suggestions to achieve optimization and efficiency regarding the customer´s staff, decreasing the duplication of operating tasks and maximizing the Internal Control, hence initial interviews with employees in charge of each area of supervisory staff or bosses are made in order to get an understanding and broad knowledge of their tasks and keep management informed.

Once approval from management is given regarding the observations made, we proceed with the elaboration of suggestions of the Functions for each collaborator and for each area in a point by point manner by way of lists, the objective of the preceding lists is to obtain an easy understanding for new and current employees or for possible changes to the original assignments getting an easy understanding for new and recurrent employees from each area or possible changes in the original assignments, product of incentives or rotations, necessary within the company structure.

In addition to this, area´s policies will also be in this manual with its respective chapters and articles, plus the area´s revised objectives and, finally, the area personnel’s rights and obligations, as well as sanctions that could generate the breach of any described policy.

Customization of Accounting Software

Our knowledge of accounting systems and databases allow us to achieve a pairing with the correct implementation of accounting systems, supplying fluidity at the start of our customers´ activities.

This service consists in extending the communication channels between the customer and the supplier of countable systems for the adequate customization and automation of records, modular affinity with bookkeeping and the adequate emission of reports or impression of support documents, as well as the correct certainty and permits to mitigate the risks of internal control associated with accounting.