PROFESSIONAL TEAM OF AUDITORS AND CONSULTANTS
Our clients are important and we work together to achieve the objectives set.
Our objectives are set by the client. As UHY, it is our responsibility to advise through accounting knowledge to make the correct and effective decisions to achieve these objectives.
HEALTHY ACCOUNTING:
The tools for healthy accounting and/or reasonable balances are based on compliance with the Accounting Principles and International Financial Reporting Standards, which determine the following:
Hiring trained resources.
Accounting records based on reliable documents.
Internal detective, corrective and review controls that allow identifying errors that affect the reasonableness of the balances.
Applying knowledge of the risk map for accounting records in the company.
Periodic reconciliations with source documentation, the supplier and client.
Complying with the timeliness of the records and the purpose of the users of the accounting information.
Issuance of comprehensive and detailed financial reports.
Reasonable account balances that present the financial and operational reality of the company at a given time.
Obtaining a reliable, satisfactory electronic accounting system related to the business activities.
THE IMPORTANCE OF AUDITING FINANCIAL STATEMENTS
Companies, according to their information needs and depending on their size, as well as the components of share and corporate capital, require universal financial information reports, in order to know the results of their management in a given period, obtain an independent opinion of their financial statements, and face those demanding financial information from the company such as shareholders and/or partners, investors, banks, suppliers, customers. It is also a decision-making, evaluation and basis tool for expanding its financial growth.
A financial audit allows determining the reasonableness of the financial statements and whether they are free of material misstatements due to fraud or error, which will allow auditors to issue an opinion on them. The audit of financial statements, in addition to being useful in verifying compliance of companies with the accounting laws and standards that apply to them, allows determining intentional or unintentional errors, as well as compliance or deficiency of internal controls. In this way, we offer an explanation of why it is important for a business owner to perform an audit of financial statements.
