Discover the 3 phases that ensure compliance, correction, and control
Maintaining strategic, secure accounting that complies with accounting practices is an ongoing challenge, especially for companies that are growing or undergoing restructuring.
To support this process, we have structured a model of Accounting and Financial Diagnostic based on three complementary phases, which allow:
- Assessing adherence to technical standards (CPC/IFRS);
- Correcting flaws that compromise the quality of the financial statements;
- Ensuring control and continuity of sound accounting practices.
This diagnostic offers more than a technical review: it transforms accounting into a strategic intelligence area for the business.
Table of Contents
- Phase 1 – Compliance Assessment (CPC/IFRS)
- Phase 2 – Implementation of Processes and Controls
- Phase 3 – Monitoring of Accounting and Financial Processes and Controls
- Conclusion and Next Steps
Phase 1 – Compliance Assessment (CPC/IFRS)
The starting point of the diagnostic is to understand whether the company's accounting procedures are, in fact, in compliance with current standards, both national (CPC) and international (IFRS).
In this phase, we conduct an in-depth technical analysis of accounting processes, controls, and records, focusing on identifying risks, inconsistencies, and areas for improvement:
- Assessment of the criteria adopted for the recognition, measurement, and disclosure of assets, liabilities, revenues, and expenses;
- Analysis of the criteria for establishing accounting estimates, verifying whether they are well-founded and documented (provisions, depreciation, impairment etc.);
- Reconciliation of supporting documentation with the entries recorded;
- Mapping of inconsistencies, omissions, or inadequate treatments that affect the financial statements.
The objective is to map accounting risks, technical inconsistencies, and opportunities for improvement before they become liabilities or distort decision-making.
Phase 2 – Implementation of Processes and Controls
After identifying the flaws and opportunities for improvement, the next step is to act. In this phase, the focus is on operationalizing the necessary adjustments and implementing controls, working together with the company's management.
The main activities include:
- Correct application of accounting standards (CPC/IFRS) to entries and measurement criteria;
- Adjustments to records, balances, and estimates to faithfully reflect the accounting and equity reality;
- Review of operational processes and implementation of controls that directly influence the financial statements;
- Documentation of the corrections made, ensuring traceability and adherence to good governance practices;
- Training and alignment of the accounting team to prevent recurrence of errors and strengthen internal technical expertise.
The key differentiator of this phase is transforming the diagnostic into concrete action, with qualified technical support, ensuring that the adjustments are not confined to paper but are incorporated into the day-to-day accounting and financial operations.
In addition, the company gains a more solid accounting foundation, which facilitates its relationship with external auditors, regulatory bodies, and financial institutions.
Phase 3 – Monitoring of Accounting and Financial Processes and Controls
Correcting is essential. But maintaining control is even more strategic.
Phase 3 closes the cycle with a focus on continuous monitoring of accounting controls, ensuring that the adjustments made are maintained over time and that processes continue to evolve.
Our team operates based on:
- Periodic analyses of records, evaluating whether they remain in compliance with the standards;
- Review of internal accounting and financial controls, ensuring the correct application of established policies;
- Identification of new risks and deviations, with practical recommendations for immediate correction;
- Continuous feedback to the accounting and finance team, promoting constant improvement and a culture of compliance;
- Preparation of management reports with indicators, evidence, and action plans.
This phase makes it possible to transform the accounting and financial process into a robust and preventive control system, reducing dependence on ad hoc corrections and raising the standard of financial governance.
The result is a more strategic, reliable accounting function, prepared to support audits, high-impact decisions, and stakeholder relationships.
Conclusion and Next Steps
The Accounting and Financial Diagnostic goes far beyond a technical review. It is a structured model that identifies flaws, corrects distortions, and consolidates best practices across three complementary phases:
- Compliance Assessment
- Implementation of Adjustments
- Continuous Accounting Monitoring
Would you like to apply this diagnostic in your company?
Talk to our specialists and discover how to implement this model in a customized way, according to the size, complexity, and structure of your business.
