Audit

Background

Financecpa was engaged to conduct a comprehensive audit for Peru Logistics Group as part of their internal control enhancement program. The client sought to identify gaps in compliance and financial reporting accuracy across their operations. Our team encountered a complex structure of subsidiaries and diverse revenue streams that required a detailed risk-based audit approach.

  • Our goal was to ensure transparency, improve the reliability of financial statements, and help the client align with national regulatory standards.
  • Financecpa’s audit experts planned a multi-phase review to cover operational, financial, and compliance aspects
  • Coordination with internal stakeholders was key to gaining access to critical data within the required timeline.

Solution

Our audit team applied a risk-focused methodology, prioritizing high-impact areas such as revenue recognition, procurement, and asset management.
We implemented data analytics tools to identify unusual transactions and trends, enhancing the depth of our review.
Financecpa also provided interim feedback during the audit, enabling the client to address immediate compliance concerns.
Throughout the process, we ensured alignment with Peruvian accounting standards and best practices for corporate governance.

Result

Peru Logistics Group successfully strengthened its internal controls, reducing risks of regulatory penalties and improving accuracy in financial reporting. The audit identified key areas for process automation, helping to decrease manual errors by 30%.

Management received actionable recommendations that led to the revision of internal policies and tighter oversight of high-risk areas. The client’s board commended the Financecpa team for enhancing the organization’s governance framework.

The engagement positioned Peru Logistics Group for a smoother external audit in the subsequent fiscal year and contributed to restoring investor confidence in the company’s operations.

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