An audit is an independent process that reviews and evaluates the accuracy, completeness, and compliance of financial information, building trust and transparency for interested external users.
Why is it necessary?
Provides confidence that the financial statements are correct.
Detects errors and, in some cases, potential fraud.
Meets legal or contractual requirements in many organizations.
Improves transparency for investors, banks, and authorities.
Strengthens internal controls and policies and procedures.
Scope
Audit of financial statements
Government Audit
Internal Control Audit
Internal Control Opinions (policies and procedures)
Internal Control Review of processes
Accounting diagnosis
Conversions to IFRS – US GAAP
Attestation based on International Standards on Auditing
It provides legal and tax certainty before the SAT. It validates that your compliance with your obligations is correct, which significantly reduces the likelihood of direct reviews by the authority.
When must we file the ISSIF?
It is filed annually together with the annual tax return (March for legal entities). It is mandatory for those who issue an opinion on financial statements or fall under the income and asset thresholds of Article 32-H of the CFF.
Why is it important to conduct physical inventory counts?
It is the only way to ensure that actual inventory matches the accounting records. It helps detect shrinkage, theft, or administrative errors, thereby protecting your company’s assets and profitability.
What is internal control for?
It is the system that protects your assets and ensures that financial information is reliable. Its function is to prevent fraud, mitigate operational risks, and optimize the efficiency of all your processes.
