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Financial auditing, internal audit and risk consulting services

At ICS Consultores, we specialize in offering comprehensive financial audit, internal audit and risk consulting services, tailored to the particular needs of your organization.

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Financial auditing, internal audit and risk consulting services

Financial auditing, internal audit and risk consulting services

Our experienced team works to ensure compliance, transparency and operational efficiency, helping you navigate complex financial regulations and mitigate potential risks. Whether you're looking to improve internal controls or optimize your financial reporting, we offer customized solutions designed to protect your business and foster sustainable growth. Trust ICS Consultants to provide audit and risk management strategies that promote informed decisions.

Financial audit

Professionals with more than 30 years of experience audit your company's financial statements to provide an independent opinion on whether the financial statements have been prepared, in all material respects, in accordance with an applicable financial reporting framework with the objective of increasing the degree of confidence of users in the financial statements.

We are registered in the Registry of External Auditors, which is part of the National Registry of Securities and Intermediaries, provided for in the Securities Market Regulatory Law and which allows us to be external auditors of entities supervised by SUGEF, SUGESE, SUGEVAL and SUPEN.

External Audit of Financial Statements

We verify the reasonableness of your financial statements in accordance with International Financial Reporting Standards (IFRS) and Costa Rican regulations. Our rigorous but efficient process guarantees the credibility of your financial information before banks, investors and regulatory entities.

Ideal for:

  • Companies requiring regulatory compliance
  • Organizations seeking bank financing
  • Companies that need to generate investor confidence

 

The service includes:

  • Detailed risk-based planning
  • Evaluation of internal control
  • Substantive verification of transactions and balances
  • Full report with independent opinion
  • Letter to management with value recommendations

Internal Audit Outsourcing

We offer internal audit services under outsourcing modality, allowing you to have a professional internal audit department without the associated fixed costs.

Ideal for:

  • Medium-sized companies requiring an internal audit function
  • Growing organizations seeking to strengthen their corporate governance
  • Companies wishing to optimize their cost structure

 

The service includes:

  • Enterprise risk assessment
  • Annual internal audit plan
  • Execution of programmed revisions
  • Periodic reports to management
  • Follow-up of implementation of recommendations

Certification of Financial Statements

We provide financial statement certifications with a moderate level of assurance, ideal for companies that require professional validation without the need for a full audit.

Ideal for:

  • Small and medium-sized companies
  • Specific requirements for financial institutions
  • Verification of financial position for specific purposes

The service includes:

  • Analytical review of your financial statements
  • Agreed procedures according to your needs
  • Formal certification issued by an authorized CPA
  • Basic recommendations for accounting improvement

Audit for Financial Institutions

Specialized services for the Costa Rican financial sector, with full knowledge of the specific requirements of SUGEF, SUGEVAL and other regulatory entities.

Ideal for:

  • Banks and financial institutions
  • Savings and credit cooperatives
  • Insurance operators
  • Stock intermediaries

The service includes:

  • Compliance with specialized industry regulations
  • Specific procedures required by regulators
  • Supplementary reports according to applicable regulations
  • Ongoing communication with audit committees

Special and Forensic Audits

Specialized financial investigations for cases requiring a higher level of scrutiny and documented evidence.

Ideal for:

  • Investigation of irregularities detected
  • Corporate or commercial disputes
  • Legal proceedings requiring financial evidence
  • Due diligence in corporate acquisitions

 

The service includes:

  • Tailor-made procedures according to the specific objective
  • Rigorous documentation of findings
  • Forensic analysis when required
  • Detailed reports for legal use when necessary

Risks and internal control

In addition, we provide risk assessment services, control activities, information system and monitoring, applying our value of on time and well done.

We take care of your company, with timely assessment of your relevant risk system and monitoring of relevant controls. Your company can dedicate its time to business management while we support you in risk management and control monitoring.

ICS Consultores S.A.5/5
★★★★★
John Jackson★★★★★January 28, 2025
"ICS in Costa Rica has been an incredible partner for our business, providing outstanding CPA, payroll, and legal support. Without their expertise and guidance, navigating the complexities of operating in Costa Rica would have been a real challenge. A special thanks to Managing Director Francisco Villalobos, Account Manager Helena, and the entire team for their leadership and dedication. Their professionalism and insight have been key to our continued success and growth in the region. We are truly grateful for this amazing group and look forward to continuing this successful partnership. Thank you, Team ICS!" Signed, John Jackson Vice President of Operations Strand Costa SRL
Rodrigo Postolov★★★★★January 27, 2025
Excellent legal service, professional and personalized. They meet deadlines and provide precise and reliable support. Highly recommended.
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Professional auditing solutions tailored to your company in Costa Rica

At ICS Costa Rica, we offer top quality financial audit services designed specifically for the Costa Rican business environment. Our team of Certified Public Accountants combines local expertise with international standards to provide the financial security your business needs to grow with confidence.

Why choose our audit services?

  • Specialized experience in the Costa Rican market with more than 15 years auditing companies in all sectors.
  • Certified equipment of CPAs with continuous updates on local and international regulations
  • Personalized approach that is tailored to your organization's specific needs
  • Advanced technology that increases accuracy and reduces auditing times
  • Value added beyond basic compliance, with strategic recommendations

Our Audit Process

1. Initial Evaluation

We conduct a preliminary diagnostic to understand your business, identify your specific needs and design a tailored audit approach.

2. Strategic Planning

We develop a detailed risk-based plan to maximize the efficiency and value of the audit, establishing clear timelines and minimizing disruptions to your operation.

3. Professional Execution

Our auditors perform rigorous procedures using advanced technology to analyze your financial data accurately and efficiently.

4. Continuous Communication

We maintain constant communication throughout the process, discussing preliminary findings to resolve doubts before issuing our report.

5. Report and Recommendations

We deliver a clear and detailed report with our professional opinion and a letter to management with practical recommendations to strengthen your financial situation.

6. Personalized Follow-up

We don't just deliver a report. We provide follow-up to help you implement our recommendations and maximize the value of the audit.

Sectors Served

We have specialized experience in financial auditing for various industries in Costa Rica:

  • Manufacturing and production
  • Retail and wholesale trade
  • Professional Services
  • Technology and software
  • Financial and banking sector
  • Construction and real estate
  • Tourism and hospitality
  • Non-profit organizations
  • Education sector
  • Agribusiness

Frequently Asked Questions

How much does a financial audit cost?

The cost varies according to the size of your company, complexity of operations and required scope. We offer customized quotes after a no-obligation initial evaluation. Contact us to receive a quote tailored to your specific needs.

How long does it take to complete the process?

For a medium-sized company, the process typically takes between 3-6 weeks from planning to final report. Smaller companies can be completed in 2-3 weeks, while more complex organizations may require 8-12 weeks.

How far in advance should we hire your services?

We recommend contacting us at least 2-3 months prior to your audited financial statement filing deadline. This allows for proper planning and preparation that optimizes the process.

What regulations do your audits follow?

All our audits comply with the International Standards on Auditing (ISA) adopted by the Costa Rican Association of Public Accountants, as well as with the specific requirements of local regulators when applicable.

Do you offer additional services to the audit?

Yes, we complement our audit services with IFRS implementation consulting, internal controls advisory, tax services and financial consulting to maximize the value we bring to your company.

 

Audit Team

Our team of auditors is formed by certified professionals with extensive experience in the Costa Rican market and international training. All our partners and managers are active Certified Public Accountants with specialties in various economic sectors.

Francisco Villalobos, who has more than 30 years of experience in financial auditing both in Costa Rica and internationally, our team combines local knowledge with global best practices.

Why is ICS Costa Rica your best choice for auditing services?

  • Local expertise with global visionWe understand the Costa Rican context but apply international standards.
  • Personalized attentionWe are not a mega firm where your company will be just another number.
  • Highly qualified teamAll our auditors maintain up-to-date certifications.
  • Advanced technologyWe use tools that increase precision and efficiency.
  • Value beyond complianceOur audits generate strategic insights for your business.
  • Clear communicationWe translate technical terms into practical recommendations.
  • Commitment to continuous improvementWe measure ourselves by the positive impact on our customers.

All of our auditing services comply with the standards of the Costa Rican Association of Public Accountants.

Consultation with Our Attorneys

ICS Consultores stands out for offering comprehensive legal advice and customized solutions in Costa Rica. Our team of expert lawyers is ready to help you with all your legal needs, from litigation and contracts to conflict resolution. Trust us to provide you with a high quality legal service tailored to your needs.

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