Partners, investors and financial institutions need an independent opinion on the financial statements to trust the information and make decisions; without this validation, the credibility of the numbers remains in question.
Financial Statement Audit is the independent examination of a company’s financial statements and information, aiming to verify whether they adequately reflect its financial position, providing an opinion that lends credibility to the statements before partners, investors and financial institutions.
Engaging independent audit services is subject to a prior assessment of independence, eligibility and absence of conflicts, in accordance with applicable professional standards.
Security and transparency for partners and investors
Independence and institutional accountability
Recommendations for improving controls and processes
Credibility in the financial statements
Aurius’s Financial Statement Audit begins with risk-based planning, continues with the assessment of internal controls and the examination of balances, transactions and disclosures, and ends with the recommendations report and the opinion on the financial statements. The engagement usually includes interim stages throughout the fiscal year and a closing phase after the period ends.
Aurius’s Financial Statement Audit is conducted in accordance with Brazilian and international auditing standards and evaluates statements prepared under BR GAAP and, when applicable, IFRS, including for groups with headquarters abroad.
The main objective of the audit is not to investigate fraud, but it is planned considering the risk of material misstatement, including due to fraud. When indications are identified, Aurius reports them to management and recommends appropriate next steps. For specific investigations, the practice also performs forensic accounting.
A full audit issues a complete opinion on the financial statements. The limited review and the diagnostic, from the Diagnostics and Procedures practice, have a smaller scope and focus on points of attention and the quality of the information, without issuing a full opinion.
Ideally, the audit should begin during the fiscal year itself, with interim stages, rather than concentrating everything after closing. This spreads out the effort, anticipates points of attention and provides more peace of mind at period-end.
At the end, the company receives the independent auditor’s report on the financial statements and a report with recommendations pointing to opportunities for improvement in controls, processes and information.
Talk to Aurius Corporate and give your financial statements credibility with an independent, rigorous audit.
