{"id":11846,"date":"2021-11-10T11:46:21","date_gmt":"2021-11-10T10:46:21","guid":{"rendered":"https:\/\/etl-ilia.es\/due-diligence\/auditoria-contable\/"},"modified":"2021-12-03T15:15:28","modified_gmt":"2021-12-03T14:15:28","slug":"accounting-audit","status":"publish","type":"page","link":"https:\/\/etl-ilia.es\/en\/due-diligence\/accounting-audit\/","title":{"rendered":"Accounting Audit"},"content":{"rendered":"
DUE DILIGENCE<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n We are experts in accounting, we pay special attention to the analysis of assets and liabilities, and we propose improvements based on the data obtained.<\/p>\n<\/div> At ETL ILIA<\/strong>, we offer an accounting audit service. We are experts in accounting<\/strong>, we pay special attention to the analysis of assets and liabilities<\/strong>, and we propose improvements based on the data obtained.<\/p>\n We are part of ETL GLOBAL, an international network of more than 1,000 professional law firms, a sample that confirms our quality, professionalism, and good results.<\/p>\n<\/div><\/div><\/div><\/div><\/div> We take care of the entire process for your peace of mind.<\/p>\n<\/div> The comparison of interannual data allows us to build an image of the behaviour of the company over time. Thus, we can discover significant changes in business performance and shed light on them to understand current problems.<\/p>\n<\/div> Customers are a fundamental part of any business, as they are the source of income. Knowing if the number of consumers increases or decreases, the trust they place in the company, or if they are recurring allows us to understand the company’s relationships with them and the effectiveness of sales.<\/p>\n<\/div> The assessment of suppliers provides information on their quality, the cost they represent for the company or if they meet expectations. When describing a recurring expense, it is essential to consider the contractual relationship and its contribution in detail.<\/p>\n<\/div> Valuing assets and liabilities allows knowing the company\u2019s book value, an important piece of information for investors. We analyse its characteristics, nature, and evolution over time.<\/p>\n<\/div> This gives us information on the company\u2019s performance in terms of sales (operating cash-flow), whether it is investing (investment cash-flow) and the debt status (financing cash-flow), both the details of its issuance and payment as well as other related expenses. With this study, we determine the entry and exit of money in detail.<\/p>\n<\/div> By reviewing the last exercise, we check to see if there are any recent or developing problems. It is information close to the present, which is of the utmost importance.<\/p>\n<\/div> In the final report, we offer the conclusions that we have obtained in an argued way. You can expect different observations and corrections on it based on the data provided.<\/p>\n<\/div> We take care of the entire process, from the preliminary analysis to the delivery of the report with the conclusions.<\/p>\n<\/div> To take advantage of the service, it is advisable to know the main characteristics of an audit focused on accounting, also known as accounting due diligence<\/strong>. Its objective is to determine the economic status of a company<\/strong>, whether to acquire it, invest in it or present solid accounts.<\/p>\n<\/div> The goal of this service is to certify and give truth to the accounts presented by a company<\/strong>, which is carried out periodically and follows high-quality standards. Thus, those interested (clients, investors, administrations, and other organizations) are offered helpful information. In addition, it seeks to alert about situations of economic risk and to detect possible fraud.<\/p>\n It is verified that the accounting data provided by the company are correct and that they adapt to the corresponding financial reporting regulatory framework (International Financial Reporting Standards in the case of the European Union and US GAAP in the United States, to give two examples. relevant).<\/p>\n Audits are required to meet several requirements<\/strong>. On the one hand, a comprehensive review of the accounts will be carried out to check whether the resources are used efficiently and effectively. On the other hand, the fidelity of the reports presented by the company will be reviewed. In addition, the auditor will be independent, which will avoid drawing dishonest or fraudulent conclusions. Thus, the process is entirely legitimate, clear, reliable, and true to reality.<\/p>\n<\/div> The proper functioning of a company affects many people who come to depend on it. This is the case for workers but also for both private and institutional investors. Showing accounts verified by a good audit is proof of transparency, honesty, and confidence<\/strong> that a job well done is being done.<\/p>\n In addition, compliance with current accounting regulations is guaranteed<\/strong>. If a severe error occurs, it will be necessary to bear penalties in the form of a fine, which could damage the company’s image before creditors, clients, and investors.<\/p>\n The commission of fraud is also avoided<\/strong>. An auditor with experience in the sector can detect them with relative ease, essential to deal with them quickly and effectively. Perhaps there was only an error in the accounting, but the appropriate measures can be taken if indications of crime are detected. This is because it will be detected how it has been gestated and developed.<\/p>\n Another benefit to keeping in mind is bug fixes. No one is perfect, so it is necessary to have audit experts verify that no mistakes are made. These would tarnish a company’s reputation, could lead investors to make wrong decisions, and the administrations could interpret a fraud if the error is serious. The work of an auditor manages to save us these types of problems.<\/p>\n<\/div> Reviewing the statements of the accounts, balance sheets, evolution of equity or cash flows is essential to demonstrate that a company is profitable. An accounting audit<\/strong> is a crucial service to ensure reliability, find latent problems and propose effective solutions. In addition, the process must be carried out independently to ensure success. At ETL ILIA, we are specialists in auditing and accounting for all types of companies<\/strong>, with extensive experience accumulated over the years. We bet on a job well done.<\/p>\n<\/div><\/div><\/div><\/div><\/div>Accounting Audit<\/strong><\/h1><\/div>
Accounting Due Diligence<\/h2><\/div>
Experts in Accounting Due Diligence<\/strong>.<\/h2><\/div>
What does our service consist of?<\/h3><\/div><\/div><\/div><\/div><\/div>
1. Previous analysis<\/h5><\/div>
2. Comparison (historical figures)<\/h5><\/div>
3. Customer evaluation<\/h5><\/div>
4. Valuation of suppliers<\/h5><\/div>
5. Valuation of assets and liabilities<\/h5><\/div>
6. Cash-flow study<\/h5><\/div>
7. Detail of the last financial year<\/h5><\/div>
8. Final report (audit) with conclusions<\/h5><\/div>
Due Diligence or Audit<\/h2><\/div>
<\/i><\/i><\/span>FAQ Accounting Audit<\/span><\/a><\/h4><\/div>
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1. Accounting Audit<\/h2>\n
2. What is an Accounting Audit?<\/h2>\n
3. Benefits of an audit<\/h2>\n
4. Conclusions<\/h2>\n