Accounting, Finance and Tax

Financial statements and audit

Your company has closed its fiscal year and needs reliable financial statements, with an audit report where applicable, ready for approval at the shareholders' meeting and filing with the regulatory authorities.

In one line

This page covers the preparation and audit of annual financial statements. For management information for decision-making, see Management reporting; for the corporate registry filing itself, that is coordinated with the firm's corporate law team.

First steps

Trial balances and general ledgers for the fiscal year
Current bylaws and the company's registration details
Inventory of fixed assets and depreciation detail
Breakdown of liabilities, receivables, and cash at year-end
Board and shareholders' meeting minutes related to the fiscal year
Prior year's comparative financial statements

What the engagement covers

We organize the fiscal year's accounting information and prepare the full set of financial statements: balance sheet, income statement, statement of changes in equity, and cash flow statement, with their notes and schedules. Preparation follows the professional accounting standards issued by the FACPCE and adopted by the professional councils, under the framework applicable to each entity.

When the company is subject to an audit requirement, we coordinate the issuance of the auditor's report under the applicable auditing standards. The goal is for the statements to fairly reflect the entity's financial position and results.

Filing with the IGJ and other authorities

Corporations and other entities subject to this requirement must file their financial statements with the Superintendency of Corporations (IGJ) within the deadlines set by the registry rules, together with the documentation of the meeting that approved them. We assist in assembling the filing and submitting it on time.

We work in an integrated way with the rest of the year-end obligations: approval by the management body, calling and holding the shareholders' meeting, and its subsequent registration where applicable.

Common mistakes

Leaving preparation until the deadline and missing the IGJ filing deadlines
Recording transactions without sufficient supporting documentation
Failing to reconcile bank accounts or third-party balances before year-end
Omitting information in notes and schedules that the standards require to be disclosed
Approving statements at the meeting that were not previously reviewed in detail

Frequently asked questions

Does every company need an audit of its financial statements?

Not in every case. The audit report requirement depends on the type of company, the regulatory authority, and the applicable rules. We assess your situation to determine the scope of the professional work required.

What standards apply when preparing the financial statements?

The applicable professional accounting standards issued by the FACPCE and adopted by the professional councils of each jurisdiction apply, under the framework applicable to each entity.

When must they be filed with the IGJ?

The registry rules set deadlines counted from the fiscal year-end and the approval at the shareholders' meeting. We coordinate the work to meet those deadlines and avoid objections.

Do you assist companies outside Buenos Aires or abroad?

Yes. We are based in Buenos Aires and advise clients throughout the country and abroad, coordinating preparation and filing remotely.

This page is informational and does not replace professional advice on your specific case. It does not imply any promise of results.

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