Financial and Statutory Audit

At Mazars, we believe audit is critical to the economic foundations of a fair and prosperous world. Audit has been, and remains, a profession at the heart of our business. We work for the public interest and, by caring about the organisations we audit and their stakeholders, help to build sustainable businesses for the benefit of society as a whole.

Our approach

We work with a broad range of clients, from privately owned businesses to some of the largest corporations in the world. With specialist teams dedicated to key markets and across all industry sectors, we can provide the expertise you need. Engaging Mazars means that you will benefit from an integrated and international team with a single point of contact.

Providing a quality audit means delivering insight, promoting transparency and providing constructive challenge, which leads to enhancing trust in how organisations report to their stakeholders. But it does not stop there: a robust, independent audit contributes to building a dependable control and governance framework to help future-proof the organisations we audit.

We believe audit is first and foremost about people. We focus on building positive, effective relationships that build trust and deliver demonstrable value. Each Mazars audit is unique. We take the time to understand the business model, culture and ecosystem of the audited company, and consider the needs of its stakeholders, tailoring the audit strategy to the specific risks identified.

Starting with a careful transition, and then throughout the audit process, we are in constant dialogue with all stakeholders with clear, pragmatic and timely communication. We pride ourselves on our rigour, independence of thought, perseverance and robustness. Supported by the latest technology, global methodology and processes, we provide reliable and objective opinions. 

Mazars keeps developing its audit offering through continuously investing in people, processes, training and technology. We have developed a suite of tools within Atlas, our global audit platform, to enable the delivery of consistent and efficient quality audits that deliver value. Our global audit innovation programme, “Reinventing Audit” enables us to respond to the needs and interests of our clients identified through regular client surveys.

With this distinctive, human-centric approach, tools and programme, we deliver unique experience through our value proposition call an “augmented audit”. One that goes beyond just compliance and contributes to the development of sustainable businesses, economies and societies.

Statutory Audit

In addition to the procedures carried out and mentioned in the realization of the financial audits, in Mazars Colombia we carry out the services related to the Statutory Audit, which include in addition to the financial audit, what is contemplated in the Norms and/or Colombian Laws (code of commerce), as well as requirements of control entities, such as:

• To carry out an evaluation of the internal control of the Company, allows at systematically reviewing and evaluating the elements and components that make up the internal control, with the aim of informing the highest corporate body, if the internal control implemented by the management group and the rest of the staff has been specifically designed to provide reasonable assurance on the effectiveness and efficiency of operations, sufficiency and reliability of financial information and compliance with applicable laws and regulations.
• Reviewing compliance with legal regulations (accounting, commercial, tax, labour, among others) to determine whether the Company has complied with the legal provisions applicable to its operations. Likewise, the review and signature of tax returns, responses to requirements of control entities and other information requiring the review and signature of the Statutory Auditor.
• To evaluate the effectiveness of internal policies, regulations in accordance with the mission, objectives and strategic plans of the Company, in order to assess the degree of efficiency and effectiveness in achieving the objectives set by the Company, as well as in the management of available resources.

Our tools & solutions

We empower our auditors with enhanced skills, processes and tools to deliver more consistency, efficiency, and value to the market.
Notably, Atlas, our bespoke, global audit platform has been designed to meet the needs of our integrated partnership and our international client base. It supports the sharing of knowledge and best practice and enable the delivery of seamless, integrated audits with multidirectional interaction between teams, facilitating the work of multi-skill and multi-jurisdiction teams.

We use data analytics in various audit areas such as journal entry testing, revenue recognition, and investments to better understand your business, assess your risks and deliver efficiencies that enable our teams to focus on the issues that really matter.
Our secure client portal solutions promote two-way communication during the audit process such as progress reports and observations on controls.

Our people

We are one, agile, integrated and collaborative team, across sectors, services and geographies. This means we combine specialist local knowledge with the international perspective that comes from being one single firm globally. We bring together the right people, with the right expertise, at the right time to provide seamless delivery.