IIPractice areas
Audit
An in-house team of accountants and auditors, for annual verification as much as for mergers and acquisitions.
We have accountants and auditors in-house rather than subcontracted. That allows the review of the accounts and the legal advice to happen at the same time, which matters most when a business is being bought or sold and one needs to know precisely what is being acquired.
- Annual audit of the financial statements of commercial companies
- Bookkeeping
- Company valuation by the financial methods best suited to each sector
- Due diligence: legal and accounting review of the selling company
- Completion of merger and acquisition formalities from a commercial-law standpoint
- International transactions, in particular the purchase of a Spanish company by a foreign one
- Restructuring of the Spanish operations of foreign companies
What clients usually ask us
Which companies must have their accounts audited?
As a general rule, those that exceed certain thresholds of total assets, turnover and headcount for two consecutive financial years. There are also specific cases: for example, when a shareholder holding at least 5% of the capital requests it, or when the company receives public grants above a certain amount. We check whether your company is required to be audited and, if it is, carry out the audit.
What is due diligence and when is it advisable?
It is an in-depth review of a company before buying it, investing in it or merging with it: its accounts, contracts, tax and employment liabilities, litigation and risks. It tells you exactly what you are acquiring, gives a sound basis for the price and allows warranties to be negotiated in the contract against whatever surfaces later. Because we have auditors and lawyers under one roof, the accounting and legal reviews run in parallel and reach a single conclusion.
Can you keep our books as well as audit them?
We can keep the company's books, and we can also audit accounts. What audit rules do not allow is for the same auditor to verify accounts they have prepared themselves: if we keep your books, the audit would be carried out by another auditor, and we will tell you so from the outset.
How is a company valued before buying or selling it?
There is no single method: the one best suited to the sector and the company's situation is chosen — discounted cash flow, multiples of comparable companies or asset value — and several are often cross-checked. The result is a reasoned value range, which serves as the basis for negotiating the price and for defending it before partners, banks or the tax authorities.
Does your case belong here?
Set out your situation briefly and we will tell you how to proceed, with no obligation on your part.
