Services — Audit
Financial Statement Audit in Chile: Rigor and True Proximity
The financial statement audit in Chile conducted by Bórquez Consultores goes beyond mere regulatory compliance: it ensures your financial information truly serves as a strategic tool for decision-making. Between demanding regulators, investors seeking solid guarantees, and boards of directors requiring reliable numbers, a well-crafted audit opinion offers value far beyond the formality of having one.
We do not work with generic checklists. Every audit is tailored to the size of your business, your industry, and the actual risk level of your processes—not what a standard template dictates.
Who is this service for?
We work with companies that require audited financial statements to comply with regulatory bodies, partners, or foreign parent companies; with businesses undergoing due diligence, mergers, or capital raising processes; and with boards of directors seeking an objective external perspective on their internal controls before issues become costly.
También trabajamos con empresas medianas que crecieron rápido y hoy necesitan estados financieros auditados por primera vez: ahí el desafío no es solo la auditoría en sí, sino ordenar procesos que nunca se pensaron para pasar por una revisión externa.
Most of our audit clients work with us on a recurring, year-after-year basis, because the real value lies in having an auditor who already knows your business and doesn't have to start from scratch every time.
What Our Financial Statement Audit in Chile Includes
Financial Statement Audit
Examen realizado por un auditor externo independiente, cuyo objetivo es emitir una opinión profesional sobre la razonabilidad de los estados financieros de una organización. Es un servicio especialmente relevante para empresas que deben reportar a casas matrices, inversionistas, entidades financieras, directorios u otros terceros que requieren información financiera confiable y respaldada. El proceso culmina con la emisión de un informe de auditoría independiente, acompañado de una carta a la administración que recoge las principales observaciones y oportunidades de mejora identificadas durante nuestro trabajo.
Limited Scope Review
An examination with a narrower scope than a full audit: rather than providing an opinion, the auditor delivers a report concluding whether your financial statements require any material modifications. This is useful when you need a reasonable external perspective without the scope—or cost—of a complete audit.
Agreed-Upon Procedures
Trabajamos sobre cuentas o partidas específicas que tú defines — inventarios, arqueos de activos, cálculos puntuales, confirmaciones con terceros — y entregamos los resultados encontrados, sin emitir una opinión general. Ideal cuando el problema ya está identificado y lo que necesitas es evidencia concreta sobre un punto específico, no un informe completo. Suele ser también el punto de entrada cuando una empresa quiere probar cómo trabajamos antes de encargarnos una auditoría completa.
Internal Control Assessment
... We review the design and operational effectiveness of your controls across the entire organization: at the entity level, key processes (both manual and automated), information systems, and executive management. This includes pinpointing risk factors that no one has likely brought to your attention yet. If you prefer a proactive approach before facing a formal audit, this same engagement can also be structured as a IFRS Accounting Diagnostic within Advisory.
How We Work
César Basualto
Partner, Audit
Our Audit division is led by César Basualto, socio con casi 20 años de trayectoria in external audit, with extensive experience across manufacturing, banking, pension fund, and cooperative sectors. As with the rest of our firm, every audit is backed by an entire team—ensuring your engagement moves forward seamlessly without relying on a single individual.
If your company is in the process of IFRS implementation, podemos coordinar ese trabajo con la auditoría de forma independiente. Así, ambos procesos avanzan de forma ordenada, con criterios contables y documentación consistentes, evitando duplicidades y asegurando evidencia suficiente para respaldar una opinión de auditoría sólida frente a terceros.
The initial conversation is always exploratory—and if you prefer to meet in person, we'd be happy to sit down over a coffee in Santiago.
FAQ
What is the difference between a full audit and a limited review?
A full financial audit concludes with a formal audit opinion on your financial statements. A review engagement involves more limited procedures and provides a report stating whether any material modifications are required—it is quicker, but delivers a lower level of assurance.
Is my company required to audit its financial statements if it is not a publicly listed entity?
While not legally required for all businesses, it is common when partners, financial institutions, foreign parent entities, or investors demand it as a prerequisite. Furthermore, it serves as a valuable preventive measure if your organization is expanding quickly and your internal control environment has not evolved at the same rate.
What are Chilean Generally Accepted Auditing Standards?
They are the technical framework that governs how an audit must be conducted in Chile—defining the required evidence, documentation standards, and criteria for forming an opinion. This is what gives technical credibility to the final report you receive.
How long does a financial statement audit take?
Depende del tamaño de la empresa, la calidad de la información disponible y si es la primera auditoría o una recurrente. Te damos un cronograma oportunamente, no una estimación genérica.
If your business requires a trusted external opinion—whether for regulatory compliance, investors, or total confidence in your internal controls—we invite you to connect with us. Rather than issuing an exhaustive request for documents upfront, our initial focus is understanding your specific requirements to tailor an appropriate engagement scope.