Audit, Review and Financial Reports
Voluntary audit for companies
Make your company gain control, trust and quality of management.
When you run a business, you need to know that your accounts truly reflect your situation. Having independent auditors helps you verify that financial information is reliable, detect errors, risks or weaknesses and reinforce the trust of partners, financial entities and other third parties. And you don't need to have a specialised financial department to do it: a professional review allows you to better understand where you are and make more informed decisions.
At Afianza Avant we analyse your financial information with an objective and rigorous, but also practical, view. We don't just review figures: we identify possible risks and areas for improvement to give you a clearer vision of your business. We adapt the service to the needs and timing of your company, so that you have the information you need and can act in time.
—Services
Our Review and Audit services
This is how we help you know your business in depth
Financial Information Review Reports
If you need to verify that your financial information is reliable without carrying out a full audit, we carry out a specific review of your accounts and control systems. We analyse the structure of your financial statements, the main ratios and relevant indicators, we identify possible errors, contingencies or weaknesses and we propose improvements. The review includes a report signed by an auditor and helps you both to better understand the situation of your business and to provide transparency to third parties. It can also be especially useful if your company is approaching the limits that will make an audit mandatory in the coming years: it allows you to detect and correct problems in advance and prepare for that moment.
Mandatory Financial Audit
If your company is legally required to have its accounts audited, we carry out a complete review of the annual accounts and other financial statements to assess their reliability and issue an objective opinion.
As well as helping you meet this obligation, the audit gives you a clear and transparent view of your company’s financial position. It can help you detect errors, minimise risks, make better decisions and strengthen third parties’ confidence in your business.
Voluntary Financial Audit
Although your company is not obliged to audit its accounts, you can do so voluntarily to gain a deeper understanding of its economic-financial situation. At Afianza Avant we analyse your accounts to detect possible weaknesses and anticipate contingencies. This way you have a clearer vision of the situation of your business and useful information to make decisions in time, face risks and reinforce its solidity.
—Frequently asked questions
Answers to your questions
What is a voluntary audit and how is it different from a mandatory one?
A voluntary audit is carried out by decision of the company itself, although it is not required by law. The mandatory audit, on the other hand, must be carried out when certain legal requirements are met. In both cases, an independent auditor reviews the company's accounts.
What exactly does an account audit check?
An audit analyzes the annual accounts and checks whether they adequately reflect the financial situation of the company. To do this, accounting records, operations, balances and other relevant information are reviewed.
When is a company interested in being audited without being obliged?
It can be useful if you are looking for financing, are going to incorporate investors, prepare a business operation or simply want to provide more confidence in your accounts. It also allows you to detect possible errors or areas for improvement.
What documentation is needed for an audit?
It will depend on each company, but normally annual accounts, accounting records, invoices, contracts, bank statements and tax and corporate documentation are requested. At Afianza Avant we tell you what information we need in each phase.
How is an external auditor selected?
It is advisable to assess their experience, independence, knowledge of your sector and ability to understand the particularities of your company. It is also important to know the scope of work, deadlines and fees before hiring.
When is it mandatory to carry out an audit?
The obligation depends on factors such as the size of the company and certain limits established by regulations, in addition to some specific cases. At Afianza Avant we can review your situation to determine if your company is obliged to audit its accounts.
What happens if an audit reveals problems?
The auditor will reflect in his report the relevant incidents he has detected and how they affect the accounts. From there, you can analyse what corrections or measures are necessary to solve them and improve financial control.
How can we help your business?
We can help in more ways than you might expect. Let’s start by getting to know your business.
Contact us