Auditoría financiera a Villacís Paredes Obras Civiles y Maquinaria Pesada Cía. Ltda., de la ciudad del Puyo, provincia de Pastaza, período 2014

Abstract

This Financial Audit to Villacis Paredes, Construction and Heavy Machinery Co. Ltd., of the city of Puyo, at Pastaza province, period 2014; was developed with the purpose of determining the reasonableness of the financial statements. The main methods used were the direct observation and interviews to the General Manager and the Accountant. The Company was evaluated through the application of internal control questionnaires and audit programs to raise relevant information for the audit process, analyze variations in the financial statements, determine the materiality and the accounts to analyze. The procedures performed were reflected in the summary and analytical paper work documents reinforced with the evidence obtained, to finally assess their proper presentation and observation of rules, with the determination of findings that define the audit opinion. During the execution of the audit, it was possible to demonstrate deficiencies in the handling of basic accounts: petty cash and banks with regards to the determination of policies for its handling and functioning, regulatory compliance, safekeeping of documentation support, among others; witch should be corrected by implementing recommendations such: as conduct evaluations to the internal control system regularly provide training to staff in accounting and tax areas, and make the corresponding adjustments for the presentation of reasonable balances in the financial statements, which were directed to the Managing area of the Company in order to allow a right decision-making and help to optimize its resources.