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  Auditing is the critical examination performed by a Firm of professionals independent of the system audited, with the purpose of evaluating the controls, processes and economic activity of an organization or Firm.

Additionally to the emission of professional reports (according to current auditing standards), our auditing services increase company value by providing the necessary assistance to reduce control risks and suggesting the necessary improvements to increase efficiency and reach the maximum business development of our clients.

Auditing may be external, internal or operating. We also work on special reports and accounting certifications for specific purposes.

External auditing

External auditing is a critical, systematic and detailed analysis of an information system belonging to an economic unit performed by an outside Firm of professionals with the purpose of issuing an independent opinion about the reasonability of the accounting and financial information and its results.

An independent report or opinion is of great importance to third parties as it validates the information produced by the company and gives credibility to the information examined.

We can say with pride and satisfaction that our Firm is held in high regard because of its prestige and trustworthiness, as required in business today, in relation to the quality, reliability and transparency of the information audited by us.

Internal auditing

The internal audit is an idependent and objective activity of assurance, conceived to increase the value of an organization or company and improve its operations.

It provides the company with a systematic and disciplined approach to evaluate and improve internal established controls and measure the efficiency of risk management processes, key controls and management.

In the case of companies which, due to their size, do not have their own internal auditing department, we are able to collaborate with our clients by performing the internal auditing since, in addition to our technical expertise, we can execute the job with high objectivity, reliability and independence.

Operating auditing

It is the critical, systematic and objective examination of company management, in order to assess the full accomplishment of company policies, and determine the effectiveness of pre-established objectives reached and the efficiency and economy of the resources used and obtained, with the purpose of making the necessary suggestions to improve management decisions in the future and thus, maximize results obtained.

Operating auditing comprises the following activities:

  • Administrative: it is the revision and evaluation of the methods and administrative procedures intended to ensure the compliance of the policies and plans which may have significant impact to the company.
  • Management: it is the evaluation of the efficiency and effectiveness of the strategies designed to reach the objectives as regards human, economic, financial and technical resources used and coordinating management resources and controls.
  • Compliance: it is the methodic and detailed examination of support documentation in order to determine whether the procedures and controls are being effective in reaching company goals.

Other assurance engagements in general

The purpose of an assurance engagement is to express a conclusion in order to increase the level of trust of the users at whom the report is addressed, in regards with the results of the evaluation of the task’s object matter, based on certain criteria.

Depending on how the information on the analyzed matter is supplied, it can be an engagement based on an assertion or an engagement of direct report.

In turn, depending on the level of assurance the users are provided with, it can be an engagement of reasonable assurance or an engagement of limited assurance.

Prospective accounting information exam

The purpose of this type of engagement is for the accountant to issue a report on prospective accounting information based on future facts ’assumptions and the direction of the entity’s possible actions.

Prospective accounting information can be presented in the shape of a prognosis or as a projection.

Reports on the controls of a services organization

The purpose of this type of engagement is for the accountant to issue a report on the current controls in a services organization that are presumed to be relevant to the internal control of the entities that use those services, as far as they are involved with the preparation of their accounting information.

The report issued by the accountant will be used by the organizations that use such services and by their auditors.


The certification is used in certain factual situations or special testing, through verification with the accounting records and other backup documentation, but the manifestations of the accountant do not represent a technical judgment or an opinion on what is being certified.

This includes the verification that an entity’s financial statements are transcribed on legal books, without this implying, in any way, the issuance of a technical judgment of the accountant on those financial statements (literal certification).

Through the performance of the task, the accountant must gather enough and valid judgment elements in order to support their professional report regarding certain factual situations or special testing that do not require the issuance of a technical judgment.

Engagement to perform agreed procedures

The objective of an engagement to perform agreed procedures is for the accountant to carry out procedures that are substantially audit procedures, which the accountant, the entity and third parties have agreed, as well as to present a report containing the findings derived from their work.

Given that the accountant only produces a report with the findings of the performed procedures, the accountant does not ensure any certainties about it. Only the requesters will evaluate the procedures and the informed findings, and who will subsequently draw their own conclusions.

This report will only be accessible to the parties that have requested the task, since other users, unaware of the reasons for the procedures performed, could misinterpret the results.

Compilation engagement

The purpose of a compilation engagement is for the accountant to apply their expertise on accounting matter opposed to the expertise on auditing matter, with the aim of gathering, classifying, and summarizing the accounting information.

This task commonly consists of synthesizing detailed information and transforming it into concise, manageable and comprehensible information, without the need to verify the underlying assertions in the given information.

A compilation engagement normally requires the preparation of financial statements, but may also include the collection, classification, and summarization of other kinds of accounting and non-accounting information as long as there is sufficient knowledge on the matter.

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