Auditing and consulting for companies

The non-mandatory audit of annual accounts is designed for companies that are not obliged to be audited and wish to be audited. This is done when the company wants to know the cost of liquidation of its company abroad, the labor liabilities, to know what administrative, legal, labor and commercial risks it faces, to know the limitations of its powers of attorney, if its insurance is correct, if it is up to date with the obligations regarding the protection of its brands, data protection, as well as to have us review its shareholding organization chart in the subsidiary and the parent company so that we can provide tax and legal advice.

This type of non-mandatory audit also serves our clients in situations where they may be uncertain about the financial statements of their various subsidiaries, i.e. due to a lack of confidence in the management performed in previous periods.

This is a very common audit that we perform for clients who are dissatisfied with the management of their firm. They rely on us to take care of the management, perform audits to clean up the accounting, tax and labor aspects of the company and to shed light on its status to the parent company.

Companies contract this type of audit in order to know their compliance with the labor laws of the countries in which they operate.

During the audit, we review the workforce to analyze the following aspects and prepare a report with risks, changes to be made and proposals for their implementation:

• Contingencies for payment of salaries.
• Labor liabilities.
• Review of outsourcing of personnel.
• Stamped payroll receipts.
• Calculation of income tax and social security contributions, as well as local payroll tax.
• Review of separation calculations and resignation settlement calculations.
• Review of contracts.
• Review of labor files.

A due diligence is a process of information search usually carried out by the buyer to thoroughly evaluate the compliance, risk and contingency analysis of the company being purchased and its economic and financial situation. Its purpose is to obtain the necessary information to purchase the company, which will vary according to the analysis performed, both in terms of value and contract conditions.

In a tax audit we verify accounting records and documents. The purpose of the audit is the inspection of your tax situation to check whether the accounting has been done accurately and completely.

This tax audit service is requested by Spanish companies with subsidiaries in Mexico, Colombia, Peru, Brazil, Chile, Portugal, Morocco and USA, in order to know the reality of their subsidiaries and their parent company.

The audit report for capital reductions and audit for capital increases must be signed by a ROAC auditor. It must be made available to the shareholders as an act prior to the resolution to increase the share capital.

No resolution to increase capital may be adopted without the auditor’s report and the director’s report, which shall form part of the notarial deed containing the capital increase to be charged to reserves.

A compliance audit is the analysis carried out by companies to ensure that they comply with the regulations, both internally and externally, in the legal, accounting, tax and labor fields, in the countries in which they are operating.