Our services are aimed at providing technical advisory support in the accounting, tax, and administrative procedures of a company, including situations in which the accounting reconstruction of financial information is required. The purpose is to achieve orderly business management consistent with the regulatory provisions currently in force in Bolivia.
This service is intended for both domestic companies and foreign organizations that carry out or plan to carry out economic activities within Bolivian territory, taking into account the particularities of the regulatory and administrative environment governing business operations in the country.
Consideration will be given to the guidelines issued by the institutions that regulate economic and business activity in Bolivia, whose provisions directly affect the organization of companies’ accounting, tax, and labor processes, as well as the SIN, which is responsible for the administration of the tax system in Bolivia, and the ASFI, which establishes criteria related to the transparency of financial operations, among other interrelated authorities. Taking these regulations into account contributes to the proper execution of operations.
1. Accounting Management
Seeking to ensure that the administration of accounting information remains aligned with technical criteria, the team will focus on the organization, recording, and systematic control of the economic operations carried out by the company. Its purpose is to structure financial information in an orderly manner, allowing business activities to be supported by consistent and verifiable accounting records.
Within this area, the following activities are considered:
- Systematic recording of economic transactions generated in the course of business activities.
- Organization and control of accounting documentation supporting commercial transactions.
- Monitoring of commercial accounts and financial movements relevant to the company’s operations.
- General control of inventories and stock related to commercial activity.
- Preparation of accounting reports reflecting the economic position of the organization during specific periods.
Accounting management is carried out in accordance with the criteria established by applicable accounting standards and the regulatory framework in force within Bolivian territory. In this regard, reference is made to the guidelines set forth in accounting and tax regulations, as well as laws, supreme decrees, and regulations issued by the competent authorities governing commercial, industrial, and service activities.
2. Audit
The specialized team is focused on the technical and systematic review of the financial and operational processes carried out by the company. Its purpose is to provide an independent evaluation that makes it possible to assess the consistency of the information issued, the functioning of internal control mechanisms, and the alignment of business activities with the legal framework in force in Bolivia.
Through specialized reviews, the aim is to identify areas for improvement, as well as situations that may represent operational, legal, or financial risks.
Audits are carried out based on technical criteria recognized in professional practice, including accounting standards, administrative provisions, laws, and issued regulations.
Within this service, different review approaches are considered in order to address specific areas of the organization.
2.1 Financial Audit
This service is primarily aimed at diagnosing the accounting records, financial information, and supporting documentation generated by the company, with the purpose of evaluating the reasonableness of operational processes. During this review, the technical principles used in financial auditing practice are considered in order to optimize and suggest the implementation of new effective processes.
2.2 Internal Audit
This involves a process intended to observe the consistency of internal procedures, the functioning of control systems, and the way internal operations are managed.
Within this analysis, aspects related to segregation of duties, documentation of operations, internal supervision mechanisms, and the application of administrative procedures that help maintain adequate control over company activities are usually considered.
2.3 Operational Audit
Through an analytical and technical approach, this service seeks to examine how activities are carried out and how available resources are used.
This process makes it possible to observe the organizational structure of business activities and the coordination among different areas. Likewise, the organization’s internal policies and management criteria that guide the functioning of administrative and commercial processes are taken into account.
2.4 Compliance Audit
This consists of reviewing the degree to which the activities carried out by the company comply with the legal and regulatory provisions applicable within Bolivian territory.
In this process, the obligations established by the current regulations governing the development of business activities are considered, including accounting, tax, administrative, and labor matters.
Within this analysis, reference is made to the provisions set forth in laws, supreme decrees, and administrative regulations, making it possible to assess the correspondence between institutional operations and the applicable legal framework.
3. Accounting Reconstruction
This is considered a component within the financial service aimed at the reorganization and regularization of accounting records when the existing information does not adequately reflect the operations carried out by the company, or when omissions, inconsistencies, or incomplete records are identified that may affect the reliability of financial information. Its purpose is to allow accounting information to reasonably represent the economic operations carried out in the company’s ordinary activities.