Statutory Audit

What is it?

An objective and independent evaluation of the financial statements of the Companies prepared under Accounting Standards and Financial Information in force in Colombia (NCIF - IFRS in force in Colombia and applicable to the Company), and review of compliance with certain legal obligations of the Companies in Colombia.

We act as tax auditors of accounting and financial information of individual companies and economic groups, prepared under the Accounting and Financial Information Standards accepted in Colombia (NCIF - IFRS applicable to the Company, according to Colombian legal provisions).

Our approach

Our approach complies with the Accepted Auditing Standards in Colombia, such as the International Auditing Standards (risk approach and effective internal control systems). We are known for using a work methodology tailored to our clients and current best practices, which aims to detect potential or real significant issues.

Our risk approach consists of identifying and evaluating the risks of material errors or substantial aspects through the understanding of the Entity and areas to be audited, its environment and its internal control; this understanding is a continuous and dynamic process of obtaining, updating and analyzing information during the audit, which allows us to give recommendations and propose action plans with the purpose of improving or consolidating the processes.

Our specialist team

Tax audit work is carried out by an experienced team understanding the business of our clients, contracts, key areas and processes, internal control systems (COSO, SOX), information systems, International Auditing Standards (NIA), and legal accounting, tax, labor and commercial provisions, among others. We have acted as external auditors or tax auditors of accounting and financial information of national, international companies, and economic groups prepared under IFRS, US GAAP, NICSP and others.

Contact Us

+57 3155815503 | +57 (1) 4813444

© 2023 JGS & Asociados SAS

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