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Statutory Audit
With our Statutory Audit service, we offer a thorough verification of the reasonableness of your financial statements, ensuring compliance with Colombian Financial Reporting Standards and alignment with established internal control principles. Our goal is to ensure that your accounting information is accurate and relevant for effective decision-making.
Our services include:
- Detailed and Analytical Tests: We thoroughly evaluate the figures recorded in your financial statements to ensure accuracy and compliance with current regulations.
- Compliance, Inquiry, and Observation Tests: We examine your company’s internal control environment to identify and address potential weaknesses and opportunities for improvement.
- Periodic Reports and Recommendations: We offer detailed reports and practical recommendations that help you improve the control environment and optimize accounting and financial processes, ensuring efficient and transparent management.
EXTERNAL AUDIT
At our firm, we conduct comprehensive audits of our clients' Operational, Administrative, and Financial processes, establishing a defined and concrete scope of audit. To achieve this, we employ both primary and secondary sources of information, such as surveys, interviews, and walkthrough tests in the areas to be audited, in accordance with the International Standards on Auditing – ISA.
Our sole objective is to diagnose the efficiency and effectiveness of the processes executed by the company, identifying its main risks and internal reprocessing that hinder the normal development of the company’s processes, identifying & Non- Conformities in the audited scope, detailed in a External Auditor’s Report, along with an Action Plan.
Furthermore, we meticulously analyze the figures included in the Financial Statements under strict international standards on auditing, enabling us to provide risk-based assurance for each entity, establishing controls tailored to the business needs that enable stakeholders to have reliable information for decision-making.
We boast an innovative, insightful, and highly experienced team proficient in various levels of risks encountered in industrial, commercial, and service-oriented enterprises. Our team generates value propositions aimed at maximizing the effectiveness and efficiency of each company’s internal procedures, fostering continuous process improvement.
Call now and secure the financial solidity and transparency of your company!
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Frequently Asked Questions
The focus of the Statutory Auditing at AC is to verify the reasonableness of financial statements and ensure they comply with the principles of the Colombian Financial Reporting Standards.
To verify the reasonableness of financial statements, AC uses substantive detail tests and analytical procedures. Compliance tests, inquiries, and observations are also conducted to assess the control environment, ensuring adherence to regulations and standards.
During the Statutory Auditing process, AC ASESORES evaluates aspects of internal control such as the nature, scope, and timeliness of the controls.
Our service contributes to process improvement and internal control by identifying weaknesses and issuing recommendations. This is done through periodic reports.
Related Services
Accounting Advisory
Accounting Outsourcing
Company and tax law consulting
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