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What services does Capital Auditors offer?
Our services include:
- Expert opinions as Independent Experts:drafting and ratification of expert reports in the civil, criminal, commercial and employment fields, as well as in national and international arbitrations.
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Quantification of damages
(Consequential damages and loss of profits) - Counter-reports or opposing evidence through a critical and exhaustive analysis accompanied by a rigorous and well-founded justification.
- Valuations of businesses and corporate participants, valuations of assets and businesses in transactions and disputes between shareholders.
- Forensic services in transactions(arbiter reports for price adjustments by mutual agreement of the parties), review of financial clauses and price adjustment mechanisms incorporated into purchase agreements.
Forensic
Good advice when facing disputes can be crucial for your interests.
At Capital Auditors, we have a team of professionals that will advise you as Independent Experts in:
- Financial-economic and accounting issues.
- Drafting expert reports to resolve disputes, arbitration processes, lawsuits, mediations or disputes in transactions or insurance claims.
- Disputes of a private nature that require an expert arbiter and independent expert.
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Due Diligence
Due Diligenceis defined as the process of researching and gathering of information which is carried out by the potential buyer or investor of a business, after beginning initial negotiations, to determine the real risks of the company and to analyze the reality of its economic and financial position.
The intended purpose of this process is based on minimising the implicit risk of a transaction by carrying out a detailed and independent analysis of the company’s different business areas. In order to do so, the express consent of the seller should be sought and it should be carried out in the shortest time possible, trying not to interrupt the business activity of the company in question.
Aspects to review in Due Diligence
Naturally, our goal is to adapt to your requirements, providing maximum added value, so the specific reach of each due diligence will be defined before the work is started. However, in the due diligence of both a purchase and a sale, Capital Auditors has specialised professionals to review the risks, contingencies and key aspects of the target companyfrom multiple points of view:
- Determine whether the asset valuation methods used by the Company are appropriate in the circumstances and the valuations of the most significant items are appropriately supported.
- Determine whether the significant liabilities registered reasonably reflect the Company’s debts and commitments.
- Determine whether the provisions and other contingent liabilities have been established using appropriate estimates and the most likely hypotheses. Investigation to check there are no significant obligations or commitments other than those registered.
- Review the reasonableness of the scales used in calculating the EBITDA, working capital or other parameters that are deemed to be significant for the Operation and that may have an impact on the valuation of the Company.
- Review compliance of the Company’s tax obligations.
- Investigate the existence, if applicable, of significant tax contingencies, determining their quantification and likelihood of occurrence, as far as possible.
- Analyse the legal position of the Company from the corporate and contractual point of view, reporting on the legal situation of its assets and the obligations undertaken by the Company.
- Analyse ongoing legal cases.
- Review whether employment legislation is being applied correctly, including social security contributions.
- Analyse the employment disputes or administrative proceedings brought against the Company and current at the time the work is being carried out.
- Determine, and quantify as far as possible, the existence of potential contingencies in the area of employment legislation.
Company valuation
Capital Auditors has specialists in company or business valuations. This way we can provide an objective benchmark value, which can be used as a starting point for the negotiation.
These valuations may be required as a preliminary step for merger and split-off processesor in non-monetary contributions. They are alsorequired to find out how much a company or business is worth for a future acquisition.
Sometimes, disputes arise between partners or shareholders of a company, or between members of a business family. The resolution of these disputes can be facilitated by a company valuation by an independent expert.
Different legal or taxation rules require valuations of companies or assets; in these cases, our teams carry out this work using the valuation methods appropriate to the specific circumstances and purpose of the assignment.
Equally, we also carry out valuations of blocks of shares or intangible assets, such as goodwill or a brand.
Money laundering
Our studies show that many reporting parties are aware the legislation exists but few have taken steps to comply with it. Many of them have only appointed a representative before the SEPBLAC (Spain’s anti-money laundering supervisory authority), and in some cases they have a procedures manual, but don’t truly understand how to apply the law in their day-to-day activity.
According to the latest information from the sector, external accountants, tax consultants and lawyers will be subject to inspections over the next two years, given that the State deems them to be the sectors that contribute most to their clients being able to launder money, even if this is due to a lack of knowledge about the controls they should carry out to prevent it.
At Capital Auditors, we know that our clients require a service that fully meets compliance with this law, beyond the mere production of a manual and the training of their employees.
- Initial audit.
- Drafting of the Money Laundering and Financing of Terrorism Prevention Manual. Registration of the company and representative with the Servicio Ejecutivo de Prevención de Blanqueo de Capitales (SEPBLAC) (Spain’s anti-money laundering supervisory authority).
- Systematic reporting of operations to SEPBLAC.
- Negative semi-annual reporting to SEPBLAC.
- Reporting and monitoring of suspicious transactions evidencing Money Laundering and Financing Terrorism.
- Specific training on the Prevention of Money Laundering and Financing Terrorism in accordance with current legislation.
- External audits carried out by External Experts in the Prevention of Money Laundering and Financing Terrorism accredited by SEPBLAC.
