Audit to Financial Statements

The procedures that the Audit Department of Contadores Auditores Amigo, Valentini y Cia. S.R.L. apply to obtain valid and sufficient elements of judgment and evidence to express an opinion on the Financial Statements of the Companies in which we are currently conducting an External Audit, are based on a modern and dynamic professional understanding. This implies to accomplish a permanent and continuous labor throughout the entire accounting period under evaluation in the Financial Statements, beyond the late routines implemented on the definitive information available to us for final evaluation. Thus, we have succeeded in holding a relationship which allows us to:
- Keep a systematic review of the accounting records in order to determine if they comply with the professional technical criteria in force and with the specific regulations provided by The Superintendent of Insurance of the State, and whether they are reasonably expressed.
- Keep a general overview of accounts by applying the audit procedures in force, and establishing a continuous
exchange of information with the areas of Internal Audit, Internal Control and Monitoring and Organization and Methods, in support of the optimization of information quality.
- Keep operative audit routines in Insurance Companies, that include issuance, reinsurance, claims and recoveries, intermediary fees and control over the collection of premiums.
- Keep updated information about our knowledge of the business and objectives, all of which allow us to provide our feedback and diagnosis to the leading areas that so require.
- Keep a standard of communication and contact with different levels of the Organization. For it to be effective and not a mere pursuit of corrections there should be insertion, integration and communication with all the areas involved. Our knowledge and understanding of business risks enables us to maintain dynamic dialogues with management, making recommendations and then outlining our conclusions, beyond our opinion on the Financial statements, which should lead to analyze the results and consider the factor for externalized trends.

All the above enables us to build valid criteria that lay the foundation to the view on the economic and financial operational reality of the Company, with proper anticipation when considering a Financial Statement and substantiating our opinion delivered therein.
This is why the evolution of the Audit and the subsequent design evolution on our provision of services have allowed us to deliver a final product which not only is considered by its binding, but which has also proved attractive to the customer for the conclusions and final definitions which arise mainly during the development of the task. We believe that our approach is thus a key tool in the quest for solutions and a very good complement to the effort exerted by the different areas of our customers, with very positive results.
 Finally it should be noted that Amigo Valentini has developed , until the present time, advising activities and audits to Financial Statements on other types of companies engaged in the production of goods and services and with a recent specialization in the Agricultural Business. This includes comprehensive advising on the business conducted by the company, working on its internal organization, as well as external and operational audit.