Statutory Auditing in Colombia — An Investment in Corporate Credibility and Efficiency
In Colombia, the Statutory Audit (Revisoría Fiscal) is a legally required oversight mechanism for corporations and simplified joint-stock companies (SAS) that meet any of the following conditions:
Hold gross assets exceeding 5,000 legal monthly minimum wages (SMMLV), or
Report gross income exceeding 3,000 SMMLV as of December 31 of the previous fiscal year.
These companies must appoint a Statutory Auditor (Revisor Fiscal) —an independent, certified public accountant responsible for auditing financial statements, verifying internal control systems, and ensuring compliance with legal and statutory obligations.
The Revisor Fiscal plays a crucial role in strengthening transparency, accountability, and stakeholder trust —including shareholders, investors, suppliers, clients, and regulatory entities.
At JyM Contadores, we provide specialized statutory auditing services designed for companies that require precision, reliability, and confidence in their financial and accounting information.
Our values —Excellence, Accuracy, and Integrity— guide every engagement, ensuring that our clients receive the highest standards of professional assurance and service quality.
Planning Phase
Greater confidence from the start.
We design a strategic audit plan defining objectives, scope, risks, resources, and timeline, applying the International Standards on Auditing (ISAs) and mapping your company’s internal processes and risk structures.
This early-stage oversight ensures that your operations comply with legal, tax, and financial requirements while reinforcing governance and control.
Execution Phase
Rigorous auditing for reliable results.
Our team applies advanced audit techniques, financial assurance standards, and selective transaction testing to validate financial accuracy and compliance.
With deep knowledge of Colombian corporate, tax, and regulatory frameworks, we assess your company’s internal controls and accounting practices to deliver transparency and credibility to all stakeholders —clients, suppliers, regulators, and the general public.
Reporting
Transparent findings that add value.
We prepare and deliver all required reports under Colombian law, including:
Opinion on Financial Statements
Internal Control Evaluation Report
Legal and Tax Compliance Report
Each report provides actionable insights that enhance financial management, tax efficiency, and administrative performance —contributing directly to your company’s profitability and competitiveness.
Follow-Up and Continuous Advisory
Sustained improvement, ongoing guidance.
We monitor the implementation of recommendations made by the statutory auditor, assess their impact on your company’s performance, and provide continuous advisory in tax and financial planning.
Our team supports your organization in adopting best business practices and maintaining continuous improvement in compliance and efficiency.
Why Choose JyM Contadores
- Security and peace of mind through a team of certified professionals who oversee and guide your company’s management and compliance.
- Experienced and innovative.
- Personalized, high-quality service.
- Integrity and reliability of your financial and accounting information.