Financial Statements Audit

A financial statements audit is an independent process that reviews and evaluates the accuracy, completeness and compliance of financial information, so that the auditor can issue an opinion on the financial statements as of a given date. The result builds confidence and transparency for interested external users.

Why is it necessary?

An audit provides confidence that the financial statements are reasonably accurate, detects errors and in some cases potential fraud —although that is not its primary objective—, meets the legal or contractual requirements many organizations face, improves transparency before investors, banks and authorities, and strengthens internal controls, policies and procedures.

We are backed by more than 25 years providing audit services across industries such as tourism, retail, government and services. We have been auditors of MasterWorks, a public company listed on the SEC, for more than three years, and of the leading hotels in the Cancún and Los Cabos regions.

Scope

Issuance of the auditor’s opinion on the organization’s financial statements as of a given date.

Related Consultants

Alejandro A. Arvizu Contreras

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José Alberto Rodríguez

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Oscar Carranza Bautista

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Frequently Asked Questions

Why should we be audited?

Because an independent opinion gives partners, banks, investors and authorities certainty that the financial information reflects the reality of the business. In many cases it is also a legal or contractual requirement, and in every case it is the basis for making decisions on reliable information.

What benefits do we get from being audited?

Beyond the opinion itself, the process detects errors and control weaknesses before they become a problem, strengthens internal policies and procedures, and improves the company’s position when seeking financing, investment or a sale.

How often should we be audited?

The usual practice is an annual audit of the financial statements at year end. Where there are specific obligations or ongoing investment processes, reviews at interim dates may be required.