Audit > Administrative Audit


Administrative Audit

The financial audit examines financial statements and through them the financial operations carried out by the accounting entity in order to issue a technical and professional opinion.

Our audit approach is based on the understanding of the operation of the company, its strategy and its risk management. This includes not only the management and control systems, but also the more operational and transactional aspects. In addition, we will provide you with added value recommendations. Within these recommendations, we cover the performance and integrity of your systems and processes, as well as situations of risk and high impact on your financial information.

Our audit is more than an opinion of the financial statements. We offer a fresh and rigorous multidisciplinary look at your organization and processes. Our work covers all levels of the company, with clear objectives for each and it ends with a letter of internal control that collects our observations on the issues reviewed during the service.

A cutting-edge audit taking a broad view of the company through the operations will be based on the company’s business objectives and risks identified by each level. We will maintain frequent discussions related to business issues, finance and corporate governance with the members of your executives and management teams. This will improve our understanding of the risks and will support our formal financial audit reports. As part of our work, we will issue reports with recommendations to improve accounting-administrative procedures and the system of internal control of the company. You require your auditors to complement your risk management and ensure that the value is protected and improved. Our global approach to auditing examines how each management ensures the reliability of the financial information, which is used for their decision making every day. We start at the top level of the Organization; therefore, our annual audit strategy is customized to your operational models and risk management. No other approach responds to the change so flexible and effective.

Financial accounting of all company activities are defined as follows

The authenticity of the facts and phenomena that reflect the financial statements.
That the criteria, systems, and used methods are suitable to capture and reflect these facts and phenomena in the accounting and financial statements.
That the financial statements are prepared and disclosed in accordance with the accounting principles generally accepted, the international accounting standards (IAS) and the international financial reporting standards (IFRS).
The deliverable report that will serve the company for formal effects before shareholders, Superintendence of Stock Market Values-SMV, Superintendence of banking and insurance-SBS, financial entities, SUNAT and others is composed of the following content.

-Opinion of independent auditors (signed by VAG firm, member of Geneva Group International)
-Statement of financial position
-Statement of income and expenses
-Statement of changes in equity
-Cash flow statement

The deliverable supplementary report called Letter of Internal Control will serve as instrument to the Management to improve internal controls and observations related to accounting and tax that will be identified as findings and will have the respective recommendations for rectifying them. This report is confidential and it will only be handled by the management.