Do you know the Comprehensive Audit ?: What it is, Characteristics, Fundamentals, Benefits and MORE

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The comprehensive audit it will serve as a preventive evaluation. In this way, it will allow to validate the administrative, financial, compliance and management systems that govern an entity. This will be done with the objective of proposing alternatives for an adequate achievement of its purposes.

In this article, we will explain everything about the comprehensive audit, what is it, what are its benefits, what are its characteristics and more. If you want to share this information with a friend or family member, feel free to do so! Read on, we have all the information!

What is the Comprehensive Audit?

Before carrying out the definition of the comprehensive auditIt is important to explain what the audit is. The audit is known as the review of accounts of a company or entity. This, with the aim of being able to investigate if they agree with the provisions established above.

The comprehensive audit, It is a way of auditing with a vocation to integrate a methodology with tools and concepts from other types of audits, so that in this way, they are more focused on specific aspects of an organization.

That is, this would be a basic scheme called comprehensive audit. This is a joint action of other types of audits. For example, as they are:

  • The financial one.
  • Management.
  • Compliance or operational.

This will include a series of systematic and exhaustive analyzes of a company and even an institution. Like all these types of audit, the comprehensive one will serve to jointly locate defects or anomalies in the operation of an organization.

This proposes to carry out specific improvements throughout the entire procedure and in its different processes. This comprehensive audit, is usually more prone when used in countries with a higher level of industrialization and economic advancement.

Especially in large organizations and complex structures. Likewise, it is important to note that the development and progress of these comprehensive audits on a global level is more common every day.

So we have to, the comprehensive audit is the only evaluation process, in which specialists from various disciplines must participate. In such a way, a very wide variety of techniques will be applied.

Furthermore, the very nature of comprehensive audit It will foster the creativity and innovation of integral auditors, which in turn will promote the generation of multiple ideas and approaches that must be applied.


The audit is as old as the man himself, since the need arose to record transactions carried out in such a way that the accounting is complemented by the audit and that this verifies the fulfillment of the activities.

The values ​​will demonstrate the security, reliability and reasonableness of your commercial transactions, the evaluation methods for companies have been changing significantly due to fraud, errors, failures and financial losses not detected or controlled in time

We know that the comprehensive audit, is a multidisciplinary, independent and systems-focused assessment. The degree and form of compliance with the objectives of an organization in relation to its environment as well as its operations.

In order to propose alternatives for the most adequate achievement of its purposes and the best use of its resources. Next, we will let you know some characteristics of the comprehensive audit.

  • The auditor will develop an in-depth audit report based on three fundamental pillars, which have been the objective of analysis, for example:
    • Financial sphere.
    • Management and legal scope.
  • Certain specific methodologies must be used for each of the branches.
  • The main and priority objective is to be able to establish if the company reaches a certain level of efficiency taking into account its resources and conditions.
  • The level of economic performance that it achieves must be measured. And if it can be improved or not.
  • It is one of the most complete analyzes and therefore, it is one of the most advisable to be able to carry out and know the total and descriptive reality.
  • It reflects the most faithful image from its multiple angles.
  • It is an evaluation of a large and varied amount of information related to the processes that the organization assumes.
  • Provides a global image of the entire company.

It is important to note that it is normal for a comprehensive audit is requested from the Public Administration to companies that are susceptible to bankruptcy, suspension of payments or other economic problems.

Components of the Comprehensive Audit

The comprehensive auditIt cannot be defined as a set of individual audits or an extension of the financial one as for professional judgment. They must be analyzed as a whole to be able to see them as a “whole”.

Although, the work approach must be carried out by areas, it is important to know that they will always be interrelated. The audits that must be carried out within the comprehensive audit, are the following:

  • Internal control.
  • Management.
  • Financial
  • Compliance.

Internal control audit: Through it, you can evaluate and give an opinion about the system. That is, it can be discussed if it is efficient, reliable and complies with the applicable regulations. Internal control will be a process in which the following will be involved:

  • Board of Directors.
  • Management committee.
  • Components of the personnel plant.

Management audit: With it, the efficiency of the administration in achieving the proposed objectives and in the management of resources will be evaluated. In this way, it will be possible to determine if the proposed objectives and the management of resources were met.

It will also be determined whether the obligations and attributions entrusted were complied with in an effective, economic and timely manner.

Compliance audit: with it you will evaluate whether the financial, administrative, economic or other operations that occurred in an economic entity were carried out in accordance with current regulations in the labor field, this field can be:

  • Commercial.
  • Tax.
  • Enviroment.
  • Among others.

Financial audit: through it, the financial statements will be evaluated in order to determine their reasonableness or reasonable certainty, that they have been prepared in accordance with accounting standards and the relevant disclosures have been made.

The scope of this audit must go up to the evaluation of the documents that support the transactions and are recorded in the accounting, represent, with reasonable certainty, the operations carried out in all areas of the economic entity.

Fundamentals of Comprehensive Auditing

In order to better understand what the comprehensive audit is about, we must detail some of its principles in order to carry out the audit. Next, we will explain some fundamentals Attentive!

  • Independence: the auditors who carry out this type of audits in a company must act outside of any professional or personal impediment, thus guaranteeing a professional and reliable study.
  • Objectivity: the auditor’s judgment and conclusion must be totally impartial and consistent with the reality of the company and its professional activity.
  • Permanence: it is recommended that the audit be carried out periodically and regularly in time to guarantee the fulfillment of its objectives in the most efficient way possible.
  • Certification: the analyzes and reports made by the auditors are true and fully valid at the official and public level.
  • Integrity: the comprehensive audit, as its name suggests, comprehensively covers all the processes, areas and assets that make up the company.
  • Supervision: through the comprehensive audit, everything is supervised, from processes and resources to company personnel.
  • Form: The auditor’s report must be in writing. You must respect the structure and paragraphs of the report audit that the law requires and show your opinion with any of the existing possibilities.

Being able to have all these fundamentals is very important to be able to carry out a good comprehensive audit. Since we know that this type of audit manages to inform whether the company in question complies with all the established indicators and criteria.

Where is the Comprehensive Audit Conducted?

Comprehensive auditing has been developed in all those industrialized countries, especially in Canada. This allows to get a great application in the field of government control. In itself, the comprehensive audit is nothing more than the integration of the financial audit with the management audit and the compliance audit.

We know that industrialized countries are those whose economy or production model focuses on industrial development and the production of goods and services on a large scale. An industrialized country, therefore, is a country that prioritizes industrial development over other sectors that, such as agriculture, have less added value.

Among the main industrialized economies in the world, according to the world Bank, the following should be highlighted:

  • USA.
  • China.
  • Japan.
  • Germany.
  • United Kingdom.
  • France.
  • India.
  • Italy.
  • Russia.
  • Brazil.


There are many benefits for investors, owners, management and in general for all users of the Financial Statements when hiring auditing services, including for the auditor, there are a variety of benefits. Among the benefits we can mention the following:

  • Provide organizations with the necessary means to comply with legal or credit requirements.
  • Provide reliable information about the audited entity for decision making.
  • Determine the correct application of taxes.
  • To implement internal control policies and procedures.
  • Detect fraud or errors in the preparation and presentation of the Financial Statements.
  • Know the returns and the financial situation of the company.
  • It generates transparency and certainty in the use of resources.
  • Helps select and apply important accounting policies.
  • Protection for the interests of shareholders and creditors.

Thanks for reading!

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