Financial audit simulation of Autobuses Costa Azahar's annual accounts

Abstract

In this research work, we will perform a financial audit simulation of the annual accounts of the fictitious company Autobuses Costa Azahar, which is engaged in passenger road transport. Based on the annual accounts of Autobuses Costa Azahar in 2020, we will analyze the company and the sector in which it operates, review its internal control system and perform a financial analysis to know its economic-financial situation and know which areas deserve more attention from the auditor. After understanding the operation of the company, we will be able to delimit the risk areas and we will start the field work with the audit tests required by each area in order to obtain sufficient and adequate evidence. Once the field work has been carried out, we will be able to issue the final report and we will have fulfilled the objective of this research work, which is to get an opinion in our judgment about if the annual accounts of Autobuses Costa Azahar have been prepared in accordance with the current accounting regulatory framework and represent a true and fair view.