An external audit is an essential tool for assessing a company’s actual financial situation. This process, carried out by independent professionals, not only validates financial information, but also reinforces transparency, improves decision-making, and builds trust among investors, financial institutions, and stakeholders.
However, one of the issues that generates the most interest among business owners is the cost or price of an external audit.
What is an external audit?
An external audit is a comprehensive review conducted by an independent third party to verify that a company’s financial statements accurately reflect its economic situation and comply with current accounting standards.
This assessment includes the analysis of documents, accounting records, internal policies, and financial processes, allowing for the detection of errors, fraud, or weaknesses in internal control.
Factors that determine the price of an external audit
The price of an external audit is not fixed and can vary considerably depending on several factors, including:
- Size of the company:
Large corporations often handle complex accounting volumes that require a larger audit team and more time for analysis.
- Transaction volume:
The greater the number of accounting transactions, the greater the effort required to review them.
- Complexity of the economic sector:
Sectors such as mining, construction, or technology have particular characteristics that require specialized technical knowledge.
- Geographical location:
Audits in remote areas or with less access to specialized services may incur additional travel costs.
- Period to be audited:
Auditing a single fiscal year does not cost the same as reviewing three or more accounting years.
- Additional services requested:
If the audit includes recommendations for improvement, tax review (tax audit), risk assessment, or financial advice, the price may increase.
What is the price range in Peru?
In Peru, the price of an external audit for a micro or small business can start from USD 1,200 to USD 3,000 per fiscal year. For medium or large companies, costs can range from USD 5,000 to over USD 20,000, depending on the factors mentioned above.
However, the most important thing is not to find the lowest price, but to choose a firm that guarantees professionalism, ethics, and accuracy, such as VAG Global, specialists in accounting audit services, accounting and tax advice in Peru, and comprehensive tax and accounting advice in Lima.
Why choose a good external audit service?
Having an audit performed by experts provides a number of key benefits:
- Improves investor and partner confidence.
- Facilitates access to financial credit.
- Increases transparency with regulatory agencies.
- Prevents and detects fraud.
- Optimizes internal processes.
In addition, leading firms such as VAG Global offer additional services such as monthly accounting and business consulting in Peru, consulting and tax return services for companies in Peru, accounting and tax services, and legal support with tax attorneys in Lima and corporate attorneys in Peru.
Complement your audit with comprehensive advice
In many cases, an external audit reveals opportunities for improvement that require accounting and tax advice in Lima, risk analysis, legal review, or financial support. Therefore, it is advisable to work with firms that provide a multidisciplinary approach, combining:
- Financial audit
- Corporate legal services
- Tax and legal advice
- Tax accountants in Lima
- Corporate lawyers for companies
This comprehensive approach allows companies to improve their efficiency, reduce their tax burden legally, and avoid future contingencies.
Do you need tax lawyers?
In addition to accounting and financial services, many organizations need legal support. VAG Global also provides you with lawyers for companies, accounting services, lawyers specializing in business law, and legal advisory services for companies. This support is essential for regulatory compliance, contract management, labor relations, and defense before tax authorities.
Conclusion
The price of an external audit in Peru depends on multiple factors, but beyond the cost, the essential thing is to choose a professional, transparent, and value-added service. In a competitive and changing business environment, having a reliable financial assessment is not an expense, but a smart investment.
VAG Global is a leader in Tax Consulting in Lima, offering the best tax advice in Lima and high-quality services in accounting and financial auditing, accounting and business consulting, and corporate law.
Write to us at: contacto@vag-global.com Or call: +511 43