The services of the audit area go beyond the traditional audit in which invoices and check policies were verified, now the methodology developed by our firm is focused on business processes, which will ensure that the entity continues as a going concern, as the stages of our methodology are described in general below:

  • Understanding the client's business.
  • Risk analysis (control, inherent and detection risks).
  • Internal control study.
  • Determination of processes to be performed in each financial area.
  • Conclusion of the work; and
  • Presentation of results - opinion or report

The types of reports we handle are:

• Financial.

Mainly used to present to partners and/or shareholders the reality of the financial numbers, and that also serve to carry out credit procedures with suppliers, banks, etc.

• Fiscal.

According to the Fiscal Code of the Federation (CFF) there are certain companies that are obliged to present the "Tax Report" issued by a public accountant registered with the Ministry of Finance and Public Credit, mainly, among other requirements, the companies that had accumulative income in the previous year of approximately over 32 million pesos (this figure can be revised and updated every month by the authority).

• Social Security.

Companies with an average of more than 300 workers on their payroll and contributing to the Mexican Social Security Institute in a month of the fiscal year, among other requirements, are obliged to file such report with the IMSS. In this case, it is important to mention that it is also possible to file the report on a voluntary basis, which would help to stop any direct review by the IMSS. Likewise, in the construction industry, the report helps to pay fees according to wages accrued and paid instead of the famous "metraje" (footage).

• Disposal of shares.

The authority taxes the purchase and sale of shares at a rate of 20%, however, with the opinion of disposal of shares, this cost can be reduced to zero, depending on the acquisition and sale value of the shares in question.

• Purchase of companies (Due Diligence)

Nowadays it is common to acquire companies whose fiscal assets are sometimes attractive to be taken advantage of, it is required to verify that these are real and that the acquisition does not represent a risk for the acquirer.

• Internal control.

As mentioned above, the internal accounting control must be well designed and must be followed; however, this requires analyzing whether the controls are correct, adequate, sufficient or unnecessary, which leads us to lose competitive efficiency, which is why we can analyze them from an external point of view.

• Reporting to related companies abroad.

Globalization requires that companies with headquarters abroad, prepare monthly, bimonthly, quarterly, half-yearly or annual financial information and operations in Mexico, as well as determine the process of payment of taxes that are generated, so we are indisputable collaborators in the adaptation of formats and preparation of information abroad.

• Previously agreed procedures, among others.

Finally, and as part of an added value, if any client requires to know if any particular area is working properly, or if he suspects any mismanagement by the staff, we can perform a review of the specific area requested, with certain procedures previously agreed.

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About GLOP

We are a firm of accountants specialized in the accounting and auditing area, with vast experience in the field.

Nowadays, and due to the great changes in tax matters that are taking place in the country, it is essential to foresee the fiscal impact that will be reflected in the companies on a monthly and annual basis. We must understand that today, the federal treasury will seek by all means to collect the greatest amount of resources and, together with the world economic crisis that is affecting us, we must be able to handle with all caution such impacts on the finances of the Companies.

A thorough understanding of how the authority establishes, publishes and interprets the tax laws in Mexico is necessary to be able to effectively implement the appropriate processes and controls for the timely payment of taxes, and thus avoid problems arising from non-compliance.

On the other hand, most executives and leaders of companies, whether they are for profit or not, require to have a truthful, timely and understandable training, which allows them the power of "decision making", taking care at all times that they are objective and accurate, in favor of the objectives previously outlined.

Establishing sound internal control policies, as well as periodic reviews of their effectiveness, together with the proper training of personnel who are the source of recording and processing information, will eventually lead us to achieve the expected efficiency and results, reducing the risk of wrong decisions being made by management, due to the lack of timely and adequate information.


Approach based on the detection and risk analysis to avoid loss of money and fiscal responsibilities

Identify areas of opportunity and improvement

Increased knowledge of our customer to provide personalized advice and offer solutions or alternatives

Continued study and updated laws and regulations in real time

Biased and appropriate fees to the needs of the company

We add value to the company through the development of the areas of controllership, treasury and tax

Our teams are led by experienced auditors.