One of the relevant characteristics of financial information is the faithful representation, so it must be complete, neutral and free from errors.

In this regard, the objective of an audit is to present an independent opinion on the financial statements of the Entity. The opinion includes whether the financial statements show a true and fair view, and these have been properly prepared in accordance with the accounting standards.

On many occasions and depending on the level of revenue, headcount, activities, or other items, a Statutory Audit is legally required review of the accuracy (tax compliance) of the company.