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Financial audit
What is a financial audit?
A financial audit allows to show investors, shareholders, suppliers, banks, etc. the real situation of a natural or legal person.a.
Through an analysis of accounting documents, we will obtain a true and fair view of the assets, financial position and results of any type of entity.
At Capital Auditors we have professionals with extensive knowledge in Audit-Assurance, able to give the highest reliability and veracity to the financial information of our clients.
For whom?
- Natural or legal entities that need to be audited to demonstrate a true financial position
- Entities wishing to have an independent view of other persons or companies for investments, purchases, etc.
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Foundations and non-profit associations
(Non-profit organizations-Third Sector) - Professional Associations
- NGO's
- Religious congregations
Sectors
- Agriculture and livestock
- Food and beverages
- Automotive
- Schools of education
- Construction and real estate
- Distribution - consumption
- Energy and utilities
- Manufacturing and engineering
- Finance and fintech
- Hotels and restaurants
- Professional Services
- Transportation and logistics
We work with different financial reporting frameworks such as International Reporting, International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), USGAAP, and German GAAP.
without obligation
Audit of accounts
Professional opinion on the true and fair view of the annual accounts and financial statements, both in private and non-profit companies (foundations, associations, NGO’s).
When is it mandatory to audit the annual accounts?
- If for two consecutive consecutive years you meet at least two of the following points:
- That the total of the asset items exceeds two million eight hundred and fifty thousand euros.
- The net amount of its annual turnover exceeds five million seven hundred thousand euros.
- That the average number of employees employees during the fiscal year is greater than fifty.
- Entities that have received have received subsidies or aid from the budgets of the Public Administrations or from European Union funds, for a total accumulated amount of more than 600,000 euros. The audit obligation affects the fiscal year in which the subsidies or grants are received, as well as the fiscal years in which the operations are carried out or the related investments are executed..
- Those that perform works, management of public services, supplies, consulting and assistance and services to public administrations, for a total accumulated amount of more than 600,000 euros600,000, and this represents more than 50% of the net amount of their annual turnover. The audit obligation will be for the annual accounts of that year and those of the following year.
Limited Review
and agreed procedures
It is performed in order to to provide the audited entity with a certain degree of assurance when it is not necessary to perform an audit of annual accounts. Analytical and other review procedures are applied to the financial statements.
Our experts, based on the review of the financial statements, will obtain a conclusion or opinion that will provide limited assurance regarding the financial statements, providing general information on the internal control systems and accounting systems.
Special reports
As expert auditors, we perform depending on the client’s needs, different special reports different special reports, including capital increase reports, capital reduction reports, expert reports…
