We review financial, accounting, document and control information within a defined scope. We apply tests, match evidence, identify findings and present clear results for management, partners or the board.
The need for an audit usually appears when information must be validated, explained or presented with stronger support to management, partners, the board or third parties.
Differences between reports, account balances, statements, inventories or support make it hard to understand what is happening.
Documents, evidence and explanations are spread across systems, folders, emails or people.
The company isn't always clear on which controls exist, where they fail or which risks need more attention.
Management or partners need a technical reading before making key decisions or being accountable.
The work doesn't start by reviewing everything. First we define what needs to be assessed, what information exists and what result the client expects.
We agree on the objective, period, areas, accounts, processes or information to review.
We structure the request and detect gaps or inconsistencies that affect the review.
We apply sample testing, data cross-checks and review of supporting documents according to scope.
We link balances, movements, reports and documents to assess consistency and traceability.
We document the relevant points and, when appropriate, validate them with the client's owners.
We deliver a report, matrix or summary depending on the type of engagement.
This flow captures the logic of the audit: every observation must connect to a review need, a procedure performed and evidence that supports the result.
We identify which aspect needs review and what could affect reliability, control or accountability.
We define which test, cross-check, document review or analysis will be performed to meet the objective.
We review the available information and document the elements that support the work performed.
We point out differences, weaknesses, inconsistencies or relevant situations found during the review.
We organize the results and communicate what was observed, why it matters and which next steps can be considered.
Not every audit seeks to answer the same question. OTIUM can structure specific engagements based on the client's information and needs.
Tools are used to organize, compare, document and present information better. They are not the service in themselves.
| Element | What it organizes |
|---|---|
| Request | What information was requested, what was received and what is still pending. |
| Evidence | Documents, reports and support linked to each procedure. |
| Findings matrix | Observation, risk, support and status of each relevant point. |
| Appendices | Schedules, reconciliations or analyses used to explain results. |
| Report | Conclusions and recommendations according to the nature of the engagement. |
The exact deliverables depend on the type of audit or review contracted and the information available.
A document that sets out the scope performed, the main findings, conclusions and, where applicable, recommendations.
The review requires coordination. OTIUM performs the technical work; the company provides information, access and context so the evidence can be assessed.
If operational needs or specialized work arise during the review, they are assessed and quoted separately for each case.
The goal isn't to promise zero risk, but to improve visibility over the reviewed information and make clear what needs attention.
First we understand the current situation, the reason for the review and the information available. Then we define scope, responsibilities, tests and deliverables before starting.
