• Financial Statements Audit

Financial Statements Audit

 

Our audit practice is primarily related to issue an opinion on the financial statements for users or regular readers (shareholders, banks, and financial institutions and other). Applying generally accepted accounting principles requires experience and specialized knowledge, obtained through continuous training, supervision and information.

To maintain highest quality services, we apply all relevant professional standards for this type of work, based on practices and procedures which meet both national and international requirements.

In addition, we present recommendations to improve performance in areas such as management, internal control, operations, accounting, management information and financial reporting systems.

According to local requirements, we also express an opinion on tax obligations compliance. For additional reports required by control entities, for example from banks, we prepare and deliver special reports on credit portfolio qualification, solvency compliance requirements, and other.

In order to collaborate with financial instruments or securities issuance, for the capital market of Ecuador or the United States of America, we issue "agreed-on procedures reports", meet visiting groups of investment bankers, participate in "road shows", prepare Information for "data rooms", and prepare special reports usually required for these issues, amongst other activities.  We also participate in “Due Diligence” reviews for companies’ acquisition processes.