Audit & Assurance

We are committed to offering a service of the highest quality and that our auditors are rigorous with the processes used when carrying out an audit.

We offer our audit and assurance services to fulfill mandatory statutory requirements and obtain an updated view of your business.

We have long experience offering our audit and assurance services to the public sector, being able to provide analysis, investigation, observation, compliance tests or large data processing techniques.

Our audits go beyond the mandatory compliance approach, it is a value-added service in the planning, execution and conclusions phases, and its fields of action.

We can carry out audits of all kinds. We have extensive expertise in legal, mercantile, contractual, personal, and family related investigations. Our team of auditors offer accurate analysis and opinions that help you make the right decisions.

The audit due diligence is used to determine and evaluate the economic, financial and equity situation of a business that is being reviewed in relation to a purchase and sale transaction.

It is a complex and delicate process that requires experienced and trained external auditors since its purpose is to offer a true picture of the situation of the business to be sold or bought, to detect contingencies and define risks.

Our auditors act as experts in cases of fraud and other criminal actions, seeking an impartial and clear vision to all parties. The external auditor that carries out the expert report will maintain at all times an objective and neutral position providing all the necessary documents to corroborate the analysis itself.

Contact our team of expert auditors when you notice the first symptoms of a potential crisis. We will carry out an exhaustive analysis of the situation and develop an action plan to stabilize the company by improving cashflow and profitability. This investment in an external audit can be the difference between business success and failure.

Personalized Budget for Your Owners’ Community in 24 Hours

Managing an owners’ community and need a quick response? At UHY Fay & Co, we offer you a customized budget tailored to the specific needs of your community within just 24 hours. No complications, no commitment, and with the speed you deserve.

Benefits for Your Community:

• Clear, customized budget in less than 24 hours.
• Tailored to the specific needs of your owners’ community.
• Fast and simple process for effective management.

Management Boards, Customers, Suppliers and Public Administrations demand more information from companies regarding non-financial issues, as well as a higher degree of reliability on this information. Assurance services allow organizations to mitigate risks and strengthen the confidence of their various stakeholders through the issuance of opinion or conclusion reports by an independent third party.

The International Auditing Standards, specifically the application of the ISAE standards, allow us to carry out verification work on Non-Financial or Sustainability Reporting, Internal Control Systems, Risk Control, Processes, Operations and other relevant information that allows us to improve decision-making processes both internally and by other stakeholders in the organisation.

• ISAE 3000: Non-Financial Reporting Verification Reports. (+ information)
• ISAE 3402: Verification reports on controls in a service organisation

Nowadays, many companies outsource processes such as hiring, payroll, invoicing, collections and debts, attention and claims to service companies.

This standard allows issuing a verification report, which will be used by the service user entities and their auditors, regarding the controls, security and confidentiality of the information in the organizations that provide a service and which will probably be relevant for their internal control as it is related to financial reporting.

• ISAE 3410: Greenhouse Gas Verification Reports

 Adressed to greenhouse gas emission inventories, our verification service complies with the high quality and consistency standards established by ISAE 3410. Verification using ISAE 3410 allows different organizations to comply with possible government requirements, with requirements for participation in GHG emissions trading systems or simply with their own communication agenda to their stakeholders.

• ISAE 3400: Verification Reports of Non-Financial Forecast Information

It aims to establish rules and provide guidance for assignments to examine and report on prospective financial reporting, including procedures to examine the assumptions used in cases of complex estimates or the use of scenarios to explain the evolution of economic variables.

The term “prospective financial reporting” means that the financial information is based on assumptions about events that may occur in the future and possible actions by the entity.

An auditor is a certified accountant, a competent, independent and objective person that carries out a study of the company accounts to issue an auditor’s report based on the results of the audit. The auditor must obtain the necessary certification and be registered at the Official Register of Account Auditors (ROAC).

An audit follows generally accepted standards set by the International Federation of Accountants (IFAC) which sets international standards on ethics, auditing and assurance, education, and public sector accounting, and it promotes convergence to those standards as well as to the standards of the International Accounting Standards Board (IAS).