Auditing of financial statements
It is the independent examination of the financial statements of an entity with the main purpose of issue a opinion on whether such statements reflect the financial status, the income and cash flow statements, according to the International Regulation of Financial Information. This examination complies with the International Regulations of Auditing, issued bye IFAC (International Federation of Auditors).
As part of the external auditing, the risks of internal control are evaluated and it is issued a report that identifies the findings, risks and the suggested recommendations. This report adds value to the organization, and it is useful on decision making and when identifying what measures should be taken in order to enhance the capability of the institution.
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