Advanced Audit and Review of Financial Statements
Mandatory and voluntary reviews of financial statements using auditing techniques. Preparation of reports in insolvency proceedings.
TECHNOLOGY DESCRIPTION
This knowledge offer provides private entities with assurance regarding the reliability of their financial and asset-related information. Through the application of International Standards on Auditing (ISAs) and International Financial Reporting Standards (IFRS), accounting is transformed into a strategic tool for decision-making.
The service covers three critical areas:
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Audit of Financial Statements: Independent examination of financial statements to issue a report on the true and fair view of the entity’s assets, liabilities, financial position and results.
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Insolvency Reports: Preparation of technical opinions in insolvency situations or restructuring plans, which are essential for crisis management and the liquidation of companies.
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Sustainability Assurance: Adaptation to new non-financial reporting requirements and ESG (Environmental, Social, and Governance) criteria, ensuring compliance with current European regulations.
TECHNOLOGY APPLICATIONS
Auditing and accounting review are applicable across all areas of economic activity:
- Financial Diagnosis: Generation of reliable reports that reveal the company’s actual situation for growth or restructuring plans.
- Legal Compliance: Ensuring that the company complies with the Spanish Capital Companies Act and other financial regulations.
- Grant Management: Certification of financial statements to justify public funds and national or European grants.
- Legal Certainty in Insolvency Proceedings: Technical and expert support in judicial proceedings and insolvency situations.
ADVANTAGES AND INNOVATIVE ASPECTS
- Established Expertise: The team has more than 30 years of experience in accounting and auditing, ensuring in-depth and up-to-date technical expertise.
- Collaborative Ecosystem: The value of the offer is enhanced through direct collaboration with leading national firms (such as Deloitte and PwC) and established local consultancies (Gesem, Audifiel, among others).
- Access to Markets and Financing: A favourable audit report is the “key” to the financial system; it is an essential requirement for obtaining loans, public grants and investment transactions.
- Objectivity and Prestige: The endorsement of an independent expert conveys a level of transparency to society, shareholders and public bodies that strengthens corporate reputation.
DEVELOPMENT STAGE
The knowledge is fully mature and operational. It is ready for immediate application in any type of private entity, regardless of its size or economic sector.
APPLICATION SECTORS
- Companies from any economic sector (Industry, Services, ICT, etc.).
- Non-Profit Organisations and Foundations.
- Public Administrations (for grant monitoring and control processes).
- Financial Institutions and Investment Funds.
PRINCIPAL INVESTIGATOR
José Francisco González Carbonel – Department of Economic and Financial Studies