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Madrid, Spain M&A, Private Equity
Senior
15 years experience
  • Financial Audits
  • M&A
  • Corporate Finance
  • Business Development
  • +29
Hire Thomas
Groveland, FL, USA Investment Management
Senior
20 years experience
  • Financial Audits
  • Financial Modeling
  • Business Strategy
  • M&A
  • +70
Hire Wilson
Croatia Strategy, M&A
Senior
6 years experience
  • Financial Audits
  • Financial Modeling
  • Business Strategy
  • M&A
  • +22
Hire Luka
Kolkata, West Bengal, India Investment Management
Analyst
1 years experience
  • Financial Audits
  • Financial Modeling
  • Financial Analysis
  • Valuation
  • +5
Hire Rahul
Ho Chi Minh City, Vietnam M&A
Analyst
4 years experience
  • Financial Audits
  • Business Strategy
  • M&A
  • Financial Analysis
  • +1
Hire Sang
Ciudad de México, CDMX, Mexico Strategy, M&A
Senior
15 years experience
  • Financial Audits
  • Financial Modeling
  • Business Strategy
  • M&A
  • +2
Hire Ramon
Zürich, Schweiz M&A, Private Equity
Associate
2 years experience
  • Financial Audits
  • Financial Modeling
  • M&A
  • Corporate Finance
  • +21
Hire Johannes
Munich, Germany Strategy, M&A
Senior
7 years experience
  • Financial Audits
  • Financial Modeling
  • Business Strategy
  • M&A
  • +9
Hire Niklas

What do Financial Audits consultants do?

Financial audit consultants provide reasonable assurance that what has been reported is in accordance with generally accepted accounting principles.

The world's largest network of Financial Audits consultants

Fintalent is the invite-only community for top-tier independent M&A consultants and Strategy professionals. Our Fintalents serve clients in North America, LATAM, Europe, MENA, and APAC.

Hire global freelance M&A consultants and Strategy experts with extensive experience in over 2,900 industries. Our platform allows you to build your team of independent M&A advisors and Strategy specialists in 48 hours. Welcome to the future of Mergers & Acquisitions!

Talent with experience at
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Why should you hire Financial Audits experts with Fintalent?

Trusted Network

Every Fintalent has been vetted manually.

Ready in 48h​​​

Hire efficiently. Your M&A team is ready in 2 days or less.​​​​

Specialized Skills​

Fintalents are best-in-class - and specialized in 2,900+ industries.​

Code of Ethics​​

We guarantee highest integrity and ethical principles.​​​

Frequently asked questions

What clients usually engage your Financial Audits Consultants?

We work with clients from all over the world. Our clients range from enterprise and corporate clients to companies that are backed by Private Equity or Venture Capital funds. Furthermore, we work directly with Family Offices, Private Equity firms, and Asset Managers. Most of our enterprise clients have dedicated Corporate Development, M&A, and Strategy divisions which are utilizing our pool of Financial Audits talent to add on-demand and flexible resources, expertise, or staff to their in-house team.

How is Fintalent different?

Fintalent is not a staffing agency. We are a community of best-in-class Financial Audits professionals, highly specialized within their domains. We have streamlined the process of engaging the best Financial Audits talent and are able to provide clients with Financial Audits professionals within 48 hours of first engaging them. We believe that our platform provides more value for Corporates, Ventures, Private Equity and Venture Capital firms, and Family Offices.

Our Hiring Process – What do ‘Community-Approach’ and ‘Invite-to-Apply’ mean?

‘Invite-to-Apply’ is the process by which we shortlist candidates for the majority of projects on our platform. Often, due to the confidential nature of our clients’ projects, we do not release projects to our whole platform but using the matching technology and expertise of our internal team we select candidates who are the best fit for our clients’ needs. This approach also ensures engagement with our community of professionals on the Fintalent platform, and is a benefit both to our clients and independent professionals, as our freelancers have direct access to the roles best suited to their skills and are more likely to take an interest in a project if they have been sought out directly. In addition, if a member of our community is unavailable for a project but knows someone whose skill set perfectly fits the brief, they are able to invite them to apply for the role, utilizing the personal networks of each talent on our platform.

Which skills and expertise do your Fintalents have?

The Fintalents are hand-picked and vetted Financial Audits professionals, speak over 55 languages, and have professional experience in all geographical markets. Our Financial Audits consultants’ experience ranges from 3+ years as analysts at top investment banks and Strategy consultancies, to later career C-level executives. The average working experience is 6.9 years and 80% of all Fintalents range from 3-12 years into their careers.

Our Financial Audits consultants have experience in leading firms as well as interfacing with clients and wider corporate structures and management. What makes our Financial Audits talent pool stand out is the fact that they have technical backgrounds in over 2,900 industries.

How does the screening and onboarding of your Financial Audits talent work?

Fintalent.io is an invite-only platform and we believe in the power of referrals and a closed-loop community. Members of our community are able to invite a small number of professionals onto the platform. In addition, our team actively scouts for the best talent who have experience in investment banking or have worked at a global top management consultancy. All of our community-referred talent and scouted talent are subject to a rigorous screening process. As such, over the last 18 months totaling more than 750 hours of onboarding calls, of which only 40% have received an invite-link after the call.

What happens if I am not satisfied with my Financial Audits consultant’s work?

During your initial engagement with a member of our Fintalent talent pool with no risk. If you are not satisfied with the quality of your hire for any reason then we are able to find a replacement at short notice. There is no minimum commitment per project, but generally projects last at least 5 days and can last 12+ months.

Everything you need to know about Financial Audits

What are Financial Audits?

An audit is a process by which an objective party or team assesses the financial statements of an organization to determine whether they are free from material misstatements. Financial audits are conducted by either external independent auditors or internal auditing departments depending on the size and needs of the company being audited.
The basic goal of financial audits according to Fintalent’s Financial Audits consultants is to provide reasonable assurance, in other words to provide reasonable assurance that what has been reported is in accordance with accounting principles and generally accepted accounting principles as noted by The International Auditing Standards Board, which is overseen and led by the Institute of Internal Auditors.

Audits may be classified, depending on the level of assurance they afford the auditor and the user, as financial audits, compliance audits and technical audits.
Audits must always be planned and performed with an acceptance of the level of subjectivity involved. Financial audits are performed to provide objective evidence that the amounts in the financial statements are considered accurate based on examination of accounting records, tests provided by internal or external auditors, and a review of quarterly results. The auditing process for public company boards is regulated by legislation or subsisting generally accepted accounting principles (GAAP). A financial audit may reveal misstatements in any accounting records of a company that have not been corrected by the relevant management or board.

Generally accepted auditing standards (GAAS) are the guidelines for conducting an audit. They serve as a basis for testing whether an entity can be subject to an audit and for assessing the quality of the audit. The standards, which were issued by the American Institute of Certified Public Accountants, are recognized internationally as setting out fundamental principles and requirements that need to be met in order to reduce auditor subjectivity in the examination and reporting process. The International Standards on Auditing (ISA), also issued by the IIA, provide an international benchmark for auditing.

In the United States, a financial audit is an audit of a financial statement (balance sheet, income statement, cash flow statement) prepared in accordance with generally accepted accounting principles established by the American Institute of Certified Public Accountants (AICPA), and “includes those procedures performed in an audit of the financial statements that are designed to express an opinion on management’s stewardship of the entity’s assets and liabilities” (AICPA). This standard contrasts with the more prevalent concept of compliance auditing as practiced by many government regulators, consumer advocacy groups, and criminal investigators.
The AICPA defines two types of audits:

External auditors are typically paid by the company they audit, while internal auditors are usually charged by their parent organization. The most common form of external audit used in public accounting firms is the financial statement audit, which is an examination of the client’s financial statements. Another form is an operational audit, in which a third party examines certain business functions such as manufacturing or distribution.

Financial auditors also examine non-financial (or “operational”) data to support the financial statements and provide an understanding of the entity’s operations. The quality and effectiveness of the non-financial control systems supporting the financial reporting are important indicators of a company’s operational health.

In 2002, when the Sarbanes-Oxley Act was enacted, non-financial auditors were required to be a member of the Public Company Accounting Oversight Board (PCAOB).

In 2008, most large U.S. companies have an audit committee and membership on an audit committee is mandated by SEC Rule 3a-7. The company’s independent auditors must be “independent” (meaning not employees or relatives of employees) and must meet certain financial qualifications generally known as “suitability.” The term “non-employee director” is used in some countries (such as Canada) and refers to a person who is independent but does not work for the company being audited. The PCAOB Auditing Standard AU Section 320, concludes that a non-employee director is considered “independent” for the purpose of being an auditor of a public company.

The auditors’ report on financial statements is one of the most important documents in finance and economics. The audit opinion can contribute to investor confidence in companies and markets. The audit opinion provides independent confirmation (or otherwise) of the reliability of key financial statements, which are required by law. The audit opinion’s main purpose is to provide an opinion on whether a financial statement complies with relevant legal requirements, e.g., discloses all material business transactions; follows generally accepted accounting practice (GAAP); and is free from fraud, error or irregularity.
As part of the audit, auditors are required to evaluate their own performance before issuing the opinion. Internationally agreed standards for the audit opinion are drawn up by the International Auditing and Assurance Standards Board (IAASB), which issues International Standards on Auditing (ISA). The European Union Requirement on Auditing of Financial Statements (EU-REFS) is based on ISA.

In most jurisdictions the audit report itself is not available to the public, although it may be accessed by shareholders or members of the management of a company in certain circumstances. These include situations where there are significant transactions, where matters are under criminal investigation and when matters are considered to be in violation of a law. In some jurisdictions, as with Australia and New Zealand, detailed audit reports (including underlying transactions) have been disclosed from time to time to the public on request at no cost.

Auditors are often the first point of contact with a company before anyone else, including employees, investors and regulators. The appointment of an auditor is a fundamental part of corporate governance; it is done in order to provide assurance to stakeholders that their interests are being protected by independent experts. A key question for the auditor is whether management is capable of effectively implementing an effective internal control system, which will ensure valid and reliable financial results. If a company has little or no corporate governance structure, then an in-house audit may be required so that the shareholders, directors and officers are sufficiently aware of the state of affairs inside the company so that they can make informed decisions to manage and control the performance of their businesses.

The first duty of the auditor is to ensure that the company’s financial statements and disclosures comply with applicable laws and regulations, including generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS). A second duty to the shareholders is to inform them of any material inconsistencies between past events and current financial reports. Thirdly, a duty to act as an effective critic is owed by the auditor to the auditee, i.e., shareholders. Fourthly, an obligation is placed on the auditor to report any errors identified by him or her during a period of audit engagement. The concept of a “duty to warn” or “duty to report” derives from expectations held by auditors that, where there has been a material error, shareholders have a right to be informed in advance of the error, and thus should not be penalised for it later. However, this is not an absolute principle; in certain cases where the auditor’s audit was performed on the basis of what he or she perceived as being reasonable management assumptions, no duty arises to report the error and thus no liability for reporting would exist.

Auditors have a duty to notify investors about material deficiencies of internal control over financial reporting (ICFR), if they exist. The company is required to institute policies, procedures and controls to remediate the deficiencies prior to the audit report being issued. The auditor’s duty is usually limited to stating when a deficiency exists and indicating why it has not been resolved, but not identifying that it exists in the first place.

The second part of auditors’ duties is to satisfy themselves that the financial statements are consistently with their opinion on underlying transactions, which have been reported as part of the financial statements, so that investors can make meaningful decisions based on them. The other main duty of an auditor, stating material deficiencies in their qualification report (Form 8-K), has resulted in a slight change of meaning for this term in recent years. The auditor’s report will generally discuss whether the financial statements comply with the opinion on underlying transactions. It may also indicate any deficiencies in internal controls that may result in material misstatements, and it may highlight any failure to recognise impairment charges that were recorded during previous years. It also states what steps have been taken or are required to remediate any deficiencies identified. For example, if the auditor has identified a deficiency in XYZ Corporation’s internal control over financial reporting (ICFR) it is obliged to perform an audit of XYZ Corporation’s procedures to ensure its compliance with ICFR. The scope of this audit would generally include current policies and procedures, but perhaps not past practices that have already been addressed. The auditor’s report, therefore, should illuminate the most current policies and procedures that assist with achieving the financial reporting objectives.

An auditor’s duty is to review their own work and to report any material deficiencies in their qualification of an audit opinion. In most cases, this would entail auditing an engagement letter sent to the client, or a review of the client’s records related to the engagement. A material weakness should be disclosed when it describes how a specific deficiency will affect an audit objective that is not adequately addressed by other risks and offsets discussed in the opinion. The auditor cannot be sure whether the deficiency will have a material effect, since it is very difficult to predict future events in all circumstances. In fact, there is no absolute standard by which to determine what constitutes a material weakness. However, weakness could be considered material if an event occurs that affects the accuracy of financial statements in the future.

In cases where the client has not remedied the underlying risk associated with a material weakness identified by an auditor at the time of its qualification report (Form 8-K), then any deficiencies identified should be disclosed again in subsequent reports until remediation has been performed and accepted. This is to alert investors to a possible disregard of management’s responsibilities in ensuring the accuracy and reliability of the financial statements.

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Hire the best Financial Audits specialists in 2,900+ industries

Fintalent is the invite-only community for top-tier M&A consultants and Strategy talent. Hire global Financial Audits consultants with extensive experience in over 2,900 industries. Our platform allows you to build your team of independent Financial Audits specialists in 48 hours. Welcome to the future of Mergers & Acquisitions!