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Audit
In our firm we respond to the demands of our customers. We have modern methodologies and audit techniques operating in the best interests of your organization.
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Statutory Audit
Audit services of the firm have been designed to support you to meet the challenges involved in managing risks, resources and information.
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External Audit
The external audit service aims to express an independent opinion regarding the fairness of the financia!statements of the companies or certain business areas in which we use previously agreed procedures.
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Managerial and Result External Audit
Our work consists of the execution of the defined procedures to review the accounting information and issue reports and documents.
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Taxes
We work with our clients during all their processes to achieve an excellent statutory clase year, in order to optimize the taxes payment and ease the tax burden.
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Transfer Pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public.
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Legal Services
Our legal advice involves professional lawyers, specialized in different fields.
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Diagnosis and implementation of Full and SME IFRS
Servicio de Diagnóstico e implementación de NIIF plenas y NIIF para las PYMES.
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Training and updating in IFRS
Services of Training and updating in IFRS
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Calculation of accounting estimates under IFRS
Services of Calculation of accounting estimates under IFRS
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Valuation of financial instruments
Services of Valuation of financial instruments
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Advice on specialized topics
Services of Advice on specialized topics
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IFRS advice for public sector entities
Services of IFRS advice for public sector entities
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Preparation of financial statements and disclosures
Services of Preparation of financial statements and disclosures
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Sarbanes-Oxley Service Audit (SOX)
Only those who have clearly structured numbers and a good view of their business, can identify weaknesses and opportunities early enough to react on time to events in their environment.
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Audit of Organization
In order to help the service organization and its users to establish a reliable and standard process for the service organization's reports, we offer the following services:
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IT Audit
IT Audit Services help the Organization manage risks and controls related to IT implementation and use to achieve business financial, operational, and regulatory objectives.
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Computer Security
Cybersecurity frames a set of tools, policies, security safeguards, guidelines, risk management methods, actions, training and in summary a series of practices that can be used to protect the organization's assets and users in cyber-environment.
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Performance Tests
Our service focuses on determining the speed at which a task is performed under particular working conditions on a specific information or application system.
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Audit Security Social
As part of Social Security policies and strategies in Colombia, pensions and health are fundamental workers' rights, for which specialized support is required to guarantee access to these rights, in a transparent, equitable and the law.
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BCP Services
We are certified by DRI International as Business Continuity Plans Consultant, CBCP and with training and certification as internal auditor in SGS, ISO 2005: 27001..
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SAP Auditing and Computer Security
We have certified experts in security and auditing SAP in R / 3, CRM, BW. Our approach allows us to perform in SAP
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Corporate Risk Management
This regulatory environment seeks to mitigate the risks and uncertainties of the banking industry, also responding to economic pressures and investor expectations.
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Operational Improvement
Process management, within which operational improvement is framed, can be defined as a way of focusing the work, where the continuous improvement of the activities of an organization is sought through the identification, selection, description, documentation and continuous improvement of the processes. Any activity or sequence of activities that are carried out in the different business units, constitutes a process and as such, must be managed.
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Change Management
Change management is the process, through tools and techniques, to manage the transition to a new reality, trying to make the people involved able and willing to work in the new defined context and achieve the expected results.
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Business Intelligence and Analysis
Business intelligence acts as a strategic factor for an organization, generating a potential competitive advantage, which is none other than providing privileged information to respond to business problems.
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Due diligence
Due Diligence is a term, usually used in the field of business acquisitions, to refer to the process of finding information about an organization.
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Valuations
The valuation of a company is not an exact science and can vary depending on the type of business and the reason.
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Financial accounting
Only those who have clearly structured numbers and a good view of their business, can identify weaknesses and opportunities early enough to react on time to events in their environment.
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Tax and legal compliance
The tax authorities constantly keep entrepreneurs and freelancers on alert, with tax issues taking part as a crucial role in almost all business decisions.
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Payroll
Payroll is one of the most challenging responsibilities that a company faces every year. Our service fulfill the client internal policies, understands the corporate strategic planning and focus on the record of the received newness.
Corporate ‘Fear of Missing Out’ spurs business leaders to expand abroad
More businesses are spurred on by a ‘fear of missing out’ (known colloquially as ‘FOMO’) than by a positive desire for growth when expanding abroad, according to new research from Grant Thornton's International Business Report (IBR).
The study of over 2,500 senior executives worldwide shows that business leaders are a fifth more likely to expand when presented with a negatively framed scenario than with the exact same scenario that was framed positively. Similarly, senior business figures are nearly a tenth less inclined to expand when presented with a positively framed scenario.
Reinforcing the findings, more than a quarter of businesses worldwide cite a desire to keep up with competition as a factor behind their international expansion decisions.
Using behavioural science techniques, this illustrates some of the psychological factors that can influence businesses’ decision to expand into new markets. The study also reveals significant regional differences.
This ‘fear of missing out’ is most pronounced in developed markets, including the US and Western Europe, where negative framing has more than five times the impact that it does in emerging economies, such as China and Brazil.
Francesca Lagerberg, global leader for tax services at Grant Thornton, commented: “We know from behavioural science that we tend to place a higher value on loss than on the equivalent level of gain. Our research shows that this is true for business leaders too. The fact that business leaders respond better to negative framing suggests that corporate ‘fear of missing out’ can be a key influence on business decisions. The greater impact in developed markets suggests that businesses are more aware of ‘first mover’ advantage, or perhaps are more focused on retaining rather than expanding market share.
“The findings have important implications for both governments keen to increase foreign trade and for those advising businesses. It’s important not to counteract or stifle business instinct which can be critical for growth. Instead, we must work with businesses to harness this instinct by framing choices in the right way and thereby help leaders to make the right decisions.”
Business leaders base growth decisions on ‘gut feel’
However, business leaders are more than willing to admit the role that instinct can play in their decisions. More than half admit that they chose a foreign market based on gut feeling. This was the top factor in the decision of where to expand, followed by access to a key market (49%) and proximity to clients (41%).
Francesca Lagerberg added: “There are a huge number of variables that must be taken into account when making business decisions. Business leaders face immense execution risk on a daily basis, demanding speed, judgement and accuracy. They build up an instinct for growth during their careers and it is this experience that enables them to make swift decisions while taking these factors into account.
"It is important to note that these instinctive ways of thinking and behaving are not inherently wrong or bad. Rather they are shortcuts which have been learnt and acquired over many years. Often they are extremely helpful in making decisions quickly and efficiently, but they can also lead to irrational decisions. And it’s clear from our results that the precise reasons behind these decisions can often remain hidden even to those who make them. For business leaders looking to expand abroad, a key challenge is when to 'go it alone' and when to ask for advice.”