Diagnóstico financiero a las sucursales alemanas de UNIDROGAS S.A.

Abstract

The financial audit consists of a process whose final result is the issuance of a report, in which the auditor gives his opinion on the financial situation of the company; this process is only possible through an element called evidence of audit, since the auditor does his work after the operations of the company (Gerencie, 2017). This report or opinion is useful for any interested person to have a reliable and independent information base about the true economic situation of the company. The external financial audit is carried out by specially trained and authorized professionals (auditors) analyzing and verifying the Financial Statements of the company or audited entity (The Statement of Financial Position, The Income Statement, The Statement of Changes in Shareholders' Equity) and The Cash Flow Statement) of the accounting year to which it relates, through the performance of different tests and verifications. These tests and verifications, which must be carried out in accordance with the generally accepted auditing standards (NAGA), are intended to verify that the accounting information offered by the company reflects the true image of the company's assets and financial situation. The auditors, in order to carry out their work, must receive from the company the accounting documents that are the object of their audit, on which they will then perform the analyzes they deem appropriate. To do this, they usually go to the offices of the audited company, since they must consult all kinds of auxiliary records, files, information by computer, etc. Which are normally only accessible in the company subject of the audit. There are three phases in the auditor's work: Planning, Realization of field work (execution), Preparation and issuance of the report (Benedicto, 2006).