Every company needs credible and reliable financial reports. This is because financial statements contain records of all transactions and are made to determine the performance and financial condition of the company. Therefore, a financial report must go through an examination process so that its presentation is by the principles, standards, and rules that apply in…
Having an audit process in companies is synonymous with management and organization between companies, employees, and the market. Since the role of an auditor is to evaluate internal documents and procedures, they also analyze the accounting part to lead the company to the closest path to excellence. To evaluate the events of a company, two…
Due to the fierce competition in the business world, it is essential to use effective control and evaluation tools in all areas and work processes. Reducing and, if possible, eliminating the possibility of errors and fraud is often synonymous with business survival. And that’s where internal audits come in. Although its application is not so old,…
With the expansion of activities and processes, there was a need to give greater emphasis to rules or internal procedures, given the fact that, according to the growth of the organization, the administrator, or company owner, could not personally supervise all stages of the various activities of the business. The external or independent auditor,…
Do you consider your company safe? Unfortunately, there is no shortage of ways for an organization to lose money without managers noticing. After all, there can be fraud in large financial amounts, but also small day-to-day expenses. Given this reality, it is necessary to make more strategic use of financial statements. In this context, companies…
To be prepared for an audit, a company requires that its professionals are willing and available to assist the internal auditors. After all, experts will ask about responsibilities and transactions. In this scenario, systems and people must be mature to act with transparency. This is very important in the process, especially when talking about facts…
The implementation of an effective compliance management system is becoming an increasingly important issue for small and medium-sized companies. The reluctance that is still widespread, especially among small companies, harbours liability risks that should not be underestimated and can even prevent business deals. Compliance management is considered a key management element; however, small and medium-sized…
In many companies, compliance is still perceived as an unnecessary additional burden and as a restriction on entrepreneurial activity. There are good reasons, especially from an entrepreneur’s point of view, to tackle the topic quickly and in a structured manner. Why compliance? The term “compliance” still has predominantly negative connotations on the executive floors of…
Internal auditing determines how well a company maintains operational efficiency and manages accounting processes while adhering to standard rules and regulations. Internal audits investigate a company’s internal controls as well as corporate governance and accounting procedures. They provide management and the audit committee with unbiased assurance on the structure and operation of the organization’s…
Enterprise valuation is the process of estimating the market value of your business. This complex but highly effective method is urgently needed in several legal circumstances and offers unique advantages to the entrepreneur. Valuation indicates a lengthy, multi-stage process that calls for a specialist with specialized skills. The following circumstances urge us to carry…
