Independent audit for companies and professional firms.
We are an audit firm registered with the ROAC, Spain's Official Register of Auditors, working for companies and organisations across Galicia and the rest of Spain. We audit annual accounts, issue the reports required by Spanish company law and review the quality and anti-money-laundering controls of other firms.
- Audit firm
- ROAC S2454
- Professional body
- REA · General Council of Economists
- Clients
- Galicia and the rest of Spain
What we do
Four areas, one method: written scope, current technical standards and a complete file for every engagement.
Statutory audit
Mandatory and voluntary audits of annual accounts, consolidated accounts and interim financial statements, and review engagements.
Special reports
Auditor's reports and certificates required by the Spanish Companies Act for capital increases and reductions, and agreed-upon procedures engagements.
For law, tax and audit firms
External anti-money-laundering reviews, internal control, quality management and engagement quality reviews.
Financial advisory
Internal audit, consolidation, annual accounts, management reporting and IT audit.
Who we audit
Companies
Private (SL) and public (SA) limited companies, whether the audit is mandatory or voluntary.
Groups
Consolidated accounts and reporting packages for the parent, including foreign groups.
Cooperatives
Taking into account the Galician Cooperatives Act and the specific accounting rules for cooperatives.
Foundations and associations
Non-profit organisations, with their own accounting framework.
Auditors for other professionals
Lawyers, tax advisers and audit firms also have compliance obligations to review. We work for them with the same discretion we ask of our clients.
Anti-money laundering
Annual external review under article 28 of Law 10/2010 on the prevention of money laundering and terrorist financing, and support with customer due diligence.
Internal control
Design of the internal control procedures that Law 10/2010 requires of law firms and accounting and tax advisory firms.
Audit quality
Quality management systems (NIGC1-ES, based on ISQM 1) and engagement quality reviews (NIGC2-ES).
How we work
First contact
First meeting
We get to know the organisation, what the report is for and the deadline.
Before we start
Proposal and engagement letter
In writing: scope, timetable, team and fee. Nothing starts without it.
Before and after year end
Fieldwork
A single document request list and a visit schedule agreed with your team.
Before the general meeting
Report
We discuss the conclusions with management before issuing the report.
Typical engagements
Three engagements that come up every year, without client details. Open the one closest to yours.
A first mandatory auditA company exceeds two of the three thresholds of article 263 for the second year running and has not yet appointed an auditor.
- What we do
- We review the timetable, prepare the proposal and engagement letter, and plan the work before year end, including attendance at the stock count.
- Outcome
- The audit report is ready within the general meeting deadline, with no last-minute rush.
A capital increase by debt conversionA shareholder wants to convert a loan made to the company into share capital.
- What we do
- We review the documentation of the debts and how they are recorded in the accounts.
- Outcome
- An auditor's certificate for the deed of capital increase (article 301 of the Spanish Companies Act).
An external AML review for a firmAn accounting and tax advisory firm needs the external review of its anti-money-laundering measures.
- What we do
- We review the AML manual, the risk assessment and client due diligence, and discuss them with the person responsible.
- Outcome
- A written report describing the measures, assessing them and proposing improvements (article 28 of Law 10/2010).
Guides
What is worth knowing before the financial year closes.
Annual accounts calendar
The deadlines set by the Spanish Companies Act (Ley de Sociedades de Capital, LSC) from year end to the filing of the accounts, with the dates for a 31 December year end.
When is an audit mandatory
Most small companies in Spain do not need an audit. These are the cases in which they do, and how it is worked out.
Frequently asked questions
When is an audit mandatory in Spain?
When a company exceeds two of these three thresholds for two consecutive years: €2.85 million in total assets, €5.7 million in net turnover or an average of 50 employees (article 263 of the Spanish Companies Act). There are other cases: see the guide “When is an audit mandatory”.
Can a company be audited voluntarily?
Yes. A voluntary audit gives your accounts credibility with banks, shareholders, buyers and public bodies, and is common in financing and sale processes.
How can I check you are registered auditors?
Use the ROAC public search of the Spanish Institute of Accounting and Auditing (ICAC), the audit regulator: the firm is listed under number S2454.
Do you need an audit or a report?
Tell us what you need. We reply with the scope of work, the timetable and the fee before anything starts.