Audit Services

AUDIT SERVICES

Audit of Accounts

The audit of the annual accounts consists of the review and verification of the entity's annual accounts, and its purpose is to issue an (audit) report on the reliability and true and fair view of the data included in or constituting the company's annual accounts.

In the audit process, not only are the formal aspects and compliance with significant aspects regarding the true and fair view of the company's assets, financial position, results of operations, and cash flows reviewed, but the entity's internal control process is also analyzed, and, where applicable, any weaknesses therein.

Every internal control system must ensure compliance with the following objectives: the integrity and reliability of the information provided by the company, both internal and for external use; the safekeeping and protection of all assets; and the guarantee or assurance of compliance with the operating policies, plans, and procedures approved by the company's management.

For this reason, and especially in these times, auditing becomes a tool that facilitates transparency in the presentation of an entity's financial information, and from which all users of the annual accounts can benefit, including partners, financial institutions, clients, creditors, public administrations, etc.

Grant Audit

Currently, all administrations are requiring an audit report that is complementary to the granting of the subsidy and necessary for its implementation.

The reference regulations on audit reports for subsidies approve the standard of conduct for statutory auditors when reviewing accounts justifying subsidies in the state sector.

Currently, all administrations are requiring an audit report that is complementary to the granting of the subsidy and necessary for its implementation. They are also requesting reports on budget compliance from public entities.

OPFH

At MAESTRE & ASOCIADOS, ECONOMISTS AND AUDITORS, SL we have extensive experience in justifying subsidies.