Financial Statement Audit
Financial Statement Audit
Recognized among the best audit firms in Chile, according to the Leaders League ranking.
Published in El Mercurio, Tuesday, October 31, 2023.
Addval auditors is registered with the Financial Market Commission (CMF) under registration number 91 in the External Audit Companies Registry (REAE).
Services
Financial Statements Audit
IFRS Convergence
Inventories and Stocktaking
Procedures Audit
Control Systems Audits
Financial Reporting Issuance for Entities Regulated by CMF
Purchasing Audit (Financial, Accounting, and Tax Due Diligence)
Compliance Officer for Law 20,393, Law 21,121, and Law 21,595
Stages of Financial Statements Audit
Audit Planning Process
• Analysis of legal and strategic information to assess audit risks and determine the review strategy.
Audit Execution Process
• Application of validation tests on balances and transactions, allowing for a reasonable degree of assurance regarding the accurate issuance of the Financial Statements. • Conceptual review of tax aspects.
Audit Completion Process
• Application of verification procedures in the post-closing stage and before the issuance of the report, ensuring that the economic events of the accounting periods under review are fully recorded or disclosed.
Methodology
The auditing methodology applied by Addval Auditores, based on Business Process Risks, allows for focusing efforts on those areas of highest exposure, thus collaborating with senior management in identifying the most significant risks, with the purpose of managing and reducing them to an acceptable level.
Audit Tools
Our audit is conducted in accordance with International Standards on Auditing (NIAS ́s) using the Russell Bedford Auditores approach, supported by the use of automated tools for obtaining and analyzing evidence.
Software that allows managing electronic work papers and integrating the widest range of computational tools in the execution of the auditing process, significantly reducing documentation times and facilitating interaction with information available in companies through computerized means, in compliance with ISAs.
Tool for analyzing computer files that enables the financial statement auditor to examine a significant amount of data, regardless of its source environment, conducting automated audit tests based on detection risk
