Audit and Assurance
At Moore El Salvador, we offer high-quality audits based on international standards (IFRS, IFRS for SMEs, UESGAPP, and regulated industry standards). Our approach, guided by the COSO framework, identifies risks in a timely manner to provide an efficient and tailored service. We verify the integrity and accuracy of the information f
Introduction
At Moore El Salvador, we have the knowledge and experience necessary to support our clients in any complex financial-accounting situation in accordance with IFRS, IFRS for SMEs, UESGAPP, and accounting standards for regulated industries. Our audit approach is based on the timely identification of business risks in accordance with the COSO framework, which allows us to focus on areas that require further development and use resources in the most effective and efficient manner.
Every audit engagement is undertaken with a precise service commitment and a value-added approach, enabling us to provide a tailored, high-quality audit service that exceeds expectations. The appointed auditors verify whether the accounting and information provided by management complies with the relevant accounting standards.
The audit team investigates and verifies the integrity, accuracy, and existence of financial records, and the entire procedure is called financial auditing.
A financial audit is a type of audit that provides reasonable, rather than absolute, assurance to the company's shareholders that the financial statements prepared by management give a true and fair view of the company's financial position.
- Audit of financial statements
- External Tax Audit
- SOX Compliance Assurance Audit
- Financial Due Diligence
- Conversion of financial statements to other currencies
- Certification of compliance with loan agreements
- IFRS Implementation Processes and Accounting Systems
Audit of financial statements
Increasingly, organizations are preparing reports on aspects that require a high level of monitoring, such as compliance with corporate governance policies, accepted service requirements or controls, and confirmations of impartiality.
The various corporate reports gain credibility through an external and independent review process. Moore El Salvador complies with the standards required to perform a proper audit of financial statements.
External Tax Audit
At Moore El Salvador, we have the knowledge and experience to help our clients in complex financial accounting situations. Our audit approach is based on timely identification, which allows us to focus on what requires further development and use resources in the most efficient manner.
The audit work is carried out with a very specific commitment in mind. This commitment underpins all aspects of how we manage the audit, enabling us to provide exceptional service.
SOX Compliance Assurance Audit
SOX compliance is the law that regulates financial accounting and auditing and penalizes corporate crimes and white-collar workers.
Due to multiple frauds, administrative corruption, vested interests, negligence, and professional misconduct by some executives who, despite being aware of ethical codes, have succumbed to the lure of easy money and deceiving partners through companies and businesses, interested employees, including their customers and suppliers.
Financial Due Diligence
Financial due diligence (FDD), in the context of the sale and purchase of companies, is the review carried out to ensure that there are no contingencies with the financial data of the target company. It makes no sense to treat financial due diligence (FDD) independently of other areas, such as tax, legal, commercial, or technical, so there must be a context and lines of connection in the analysis of all the target's information.
Conversion of financial statements to other currencies
The conversion of financial statements in foreign currency must be prepared and consolidated with respect to the parent companies. To do this, these parent companies must restate the financial statements of their subsidiaries in terms of principles.
The issue of financial statement conversion applies when a company has significant interests in foreign businesses, such that it exercises control over those entities that warrants the consolidation of financial statements in accordance with the generally accepted accounting principles of the country where the parent company operates or internationally, depending on the circumstances, and therefore requires the corresponding conversion into the national currency.
Certification of compliance with loan agreements
Certification of compliance with loan agreements
We help companies verify specific compliance with each clause, certifying to a third party that the loan meets the requirements and is effective. This reduces the risk that the debt-to-equity ratio will exceed the percentage points.
IFRS Implementation Processes and Accounting Systems
There are many points of vital importance for the process of adopting the International Financial Reporting Standard for Small and Medium-sized Entities. as these standards are considered to offer a solid technical basis and their content has been prepared for the reasonable presentation of financial information for entities within their scope. Furthermore, users can understand the financial information generated as a result of their application, and given that uniformity in presentation is of global concern, it leads to better decision-making in a broader financial context.
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