WHAT IS AN ACCOUNTING AUDIT?

The accounting audit has the necessary function of ensuring that a natural or legal person is not only telling the truth about their financial reports but also that the company's operations are operating as planned.

Accounting auditors can work within the company and perform an internal audit, but they can also be external agents and perform an audit for another organization or institution, such as the SAT

External and internal auditors:

External auditors are fully certified accountants who work as freelancers for a company or organization; These accountants aim to examine the financial statements prepared by the management of the company or organization.

In the case of internal auditors, we must say that they perform very similar functions to ensure that the financial statements of the company are truthful and accurate; however, they are employees of the audited company.

Company systems:

An accounting auditor not only checks that a company's financial statements are accurate but also checks that the company's systems are working as they should. The systems that an auditor is responsible for examining are those related to the internal controls of the company, or the measures adopted to reduce or eliminate accounting errors or fraud. The report released by the expert also points to possible internal holes in companies that, by not taking action, may allow employees to commit fraud and go undetected.

Financial goals:

Businesses should always strive to keep operating costs as low as possible without sacrificing productivity. The accounting audits to the objectives and financial goals established by the company and thus determine if the growth policies or plans are being carried out in the best way in order to achieve the stated objective.

Undoubtedly, the work of accounting auditors is essential in such a way that having their services is essential. If you wish to carry out an external audit of your business or companies, it is best to contact us, the experts at CPMD y Compañía, SC, where we have extensive experience in the field of accounting services and tax services.