English - Português
Auditing
Auditing of financial statements
Audit and issue of independent auditors'
opinion on publicly quoted corporations. The firm is qualified pursuant to the requirements
of CVM Instruction No. 308 of May 14, 1999, to audit these companies. This sector also
includes private corporations, limited liability companies, and non-profit organizations.
Limited Review of Financial Statements
These are carried out pursuant to specific
IBRACON and Federal Accounting Board (NPA-04) standards. Reviews performed to align
financial statements with Brazilian accounting standards, with unqualified audit opinions
for the years following that of the respective review.
Previously agreed upon procedures as per
Statement on Auditing Standards N° 75 issued by The American Institute of Certified Public
Accountants - AICPA.
Procedures agreed upon by the auditors and
management to aid in gathering certain data on the balance sheet and on the statement
of income for the year in connection with procedures such as:
Purchase and sale of companies
Monitoring physical inventory counts
Upgrading of internal controls of some areas of the company (financial, accounts
payable, accounts receivable, personnel department, purchases, warehouse, etc.)
Audit of subsidiary companies
Here the audit is carried out in Brazilian
branches of multinational companies to prepare a report in accordance with the parent
company's accounting practices. As a rule, this work involves preparing and reviewing
accounting packages.