We have significant experience in Statutory Auditing, External Accounting and Financial Auditing services.
We conduct audits of financial statements for companies in accordance with International Standards on Auditing, with the aim of assisting our clients in complying with current legal regulations in Colombia and enhancing their internal control system. Our goal is to provide exceptional service to our clients, deliver timely responses to inquiries or requests, perform work and deliver high-quality results, with the support of our team committed to our company and our clients.
Our work approach and experience
Our audit process begins with a detailed understanding of the operations, processes, and risks, followed by planning, defining the approach to work, and executing tasks according to the established work plan.
We conduct audit tests on processes, our client's internal control system, and substantive auditing on the financial statement figures. As part of our work, we issue reports in compliance with the aforementioned standards
Our Statutory Auditing function and assurance work are based on extensive knowledge, experience, and compliance with the following standards:
International Financial Reporting Standards (IFRS - IFRS and IFRS for SMEs).
Accounting standards applicable in Colombia, as per decrees issued by the National Government, which may differ from the IFRS applicable internationally.
Colombian tax statute and other regulations.
International Standards on Auditing, Assurance Standards, and others, such as those for Internal Control (COSO, SOX).
Standards on risk identification and assessment.
Processes, procedures, functions, and effective internal control in automated, manual, or combined environments.
Our work begins by gaining the best possible understanding of our clients' businesses, their team, organizational culture, policies, processes, information systems, and internal control system.
Throughout our work, we identify and assess audit risks, process risks, and transactional risks that may constitute audit matters. These are reviewed and discussed in a timely manner with the shareholders and management of the company.
