Assurance and Accounting Services

A core activity of Burgos Accountants N.V. is the audit of financial statements. A Financial Statement is an important document drawn up by management and serves as an accountability document towards the stakeholders. Thus, it is essential that the financial statements are certified by an independent and expert auditor. Through the process of auditing the financial statements, we make clear appointments with our clients so that our audit work can be conducted in an effective and efficient manner. Based on the audit activities carried out within this scope, we draw up an auditors’ report.

A review assignment is an Assurance assignment whereby the accountant is commissioned to review a financial statement. As a result of the audit, a review report is drawn up. The degree of assurance to be provided through this report is less compared to the degree of assurance provided with an audit assignment.

In case your organization or business has no need yet for an audit or review of the financial statements, a compilation assignment is possibly a good option. Also in situations where your organization or business lacks the internal capacity to compile financial statements, we may be commissioned to conduct this for you. With respect to a compilation assignment, the accountant is called in to gather, process and summarize financial information. It is hereby not required that the accountant investigates the information. If so desired, we may compile your financial statements in conformity with nationally acknowledged or international standards such as, for example, the International Financial Reporting Standards (IFRS).

For an adequate management of an organization, the availability of a proper Internal Control System is a “must”. Briefly phrased, an Internal Control System (ICS) is the whole of managerial measures within an organization, that need to safeguard that the organization achieves its objectives in an effective and efficient manner. In many countries, having an adequate ICS in place, is compulsory and such requires a separate reporting, in view of the compliance to mandatory Corporate Governance codes.

At the execution of these assignments, we may conduct a variety of work activities. The nature and scope of the work are agreed with you in conformity with your desires. This enables us to conduct a tailor-made assignment for your organization.

With this assignment, a scan is made of your organization whereby we soundly map out the points of improvement for internal control and the internal control system.

It is a “must” in many organizations to have an adequately functioning Internal Audit Services department. Namely in large companies with complex processes, there is great need for such a department. Practice shows that Internal Audit Services departments often lack the required training and counseling. Moreover, the audit activities are often carried out without an adequate and current Internal Audit Services plan whereby a sound and systematic reporting to the highest management or audit committee is often lacking. We can advise you at setting up and upgrading of your Internal Audit Services department. We hereby also provide on-the-job training and assist you at setting up an adequate Internal Audit Services Plan. If relevant and desired, we can advise you at the selection of suitable audit software for this department.