Because we look to propose and implement alternative and comprehensive solutions to establish and develop "smart organizations”
We start our processes with a previous diagnosis to establish clearly the needs of each client, in this regard; we have our own “Methodology System”.
Following the diagnosis we offer to our clients a solution plan, this plan has an integral approach to be implemented in stages of continue improvement.
Our audit work approach is integral and cover financial, tax, administrative, operational, and accounting aspects. In that sense we evaluate the client’s internal control and apply the “COSO” methodology using its five components: control environment, risk valuation, control activities, information, communication and monitoring. This process determines the level of maturity of the client’s internal control and aspects that need to be implemented to reach optimization. Its implementation assures efficacy and efficiency in the operations, reliable financial information, and compliance with tax laws and rules.
The financial statement audits are conducted following the general accepted audit standards (GAAS) work frame and we issue a professional opinion based on international financial reporting standards (IFRS).The reasonability assurance of our audit opinion are based on sufficient and appropriate evidence and judgement of our experienced professionals.
“We believe that results of our work will allow the management of each organization have certainty of keeping efficient operational systems and financial information transparent and objective”.
Companies required to file audited financial statements In Peru, private sector companies are required to submit audited financial statements to the Superintendency of Securities Market and when they obtain annual revenues from sales of goods or services and / or assets equal or exceed the 3,000 ITU (ITU each equivalent to S /. 3,650 for 2012). The obligation arises with the publication of the Law 29720 - Law that promotes Emissions Strengthens Real Estate Securities and Capital Markets dated June 25, 2011.
Companies required to file their financial statements in accordance with International Financial Reporting Standards - IFRS.
From the year 2013, when revenues from sales of goods and services or total assets at year-end 2012 exceeded 30,000 ITU. shall include comparative information for the years 2011 and 2012.
From 2014, when revenues from sales of goods and services or total assets at year-end 2013 are equal to or greater than 3,000 ITU and have not yet filed audited financial information must include comparative information for the years 2012 and 2013.
Penalties for not applying IFRSs.
The CONASEV (Today SMV) has established penalties on companies that do not comply with implementing the International Financial Reporting Standards - IFRS, ranging from one to 50 tax units (ITU) S/.182 ie, 500.
Responsible for appointing external auditors. As established in Article 114 of the General Law inc.4 Companies 26887 corresponds to the annual mandatory Board the appointment of external auditors, however the Board may delegate this authority to the directory, so it is this group is who performs.