| Our Presence in Venezuela |
The Firm works as a team to offer the highest quality audit and tax, financial, legal and management consulting services, by using an integrated added value approach.
 Our Main Executives |
Our main executives, partners and directors are:
| Carlos M. Báez P. |
Executive Partner |
| Philip Gardiner |
Audit |
| César Mendoza |
Audit |
| Antonio Muñoz |
Audit |
| Jairo Labrador |
Audit |
| Judith Delgado |
Audit |
| Jesús Figueroa |
Tax Consulting |
| Edgar Dasilva |
Tax Consulting |
| Luis Ramírez |
Tax Consulting |
| Fernando Fernández |
Tax and Legal Consulting |
| Gustavo Tineo |
Financial Consulting Services |
| Services Offered |
The ever growing complexity of business and the general increase in the volume of the commercial activity have forced administrators to face problems requiring professional advice in different fields. In this regard, our specialists offer our clients objective professional advisory and purpose to solve their problems.
Our firm is structured to satisfy the various needs of our clients and to help them in solving their problems in the best possible way. That is why we are so emphatic in offering clients integrated client-oriented services. Accordingly, all our clients, regardless their size, receive personalized attention based on the highest professional quality from a partner whose commitment is to satisfy the client.
In Venezuela we have executives and staff with impeccable professional credentials, some of them with more than twenty years of professional experience in their corresponding fields of specialization, and a group of professionals with a wide experience in different disciplines.
• Audit Services: With the onset of globalization and the evolution of technology, financial markets are increasingly complex, which consequently lead to more risks. Accordingly, people interested in international transactions depend largely on reliable financial information that meets their needs, regardless of the place where the transaction occurs or the source of the information. Therefore, we have the best resources and solid knowledge to offer our services with audit methodologies and tools that allow for ensuring right decisions.
• Tax Consulting: Our tax and legal advisors, with recognized experience in the legal and tax fields, are qualified to offer a valuable contribution in the following services: design and implementation of tax strategies; tax advisory in mergers or acquisitions; tax compliance review of the years subject to audit by tax authorities; support in lawsuits; foreign investment advisory; evaluation of the effect of new tax laws; and preparation of tax returns.
• Financial Advisory: This professional group is oriented towards advising our clients on securities issuance, cash flows planning, mergers, business appraisal, analysis of the inflation's impact on business performance, financial projections and administrative audits, budget preparation and control, and financial and economic feasibility projects.
• Process Optimization: We work with an optimization system ("Focused Improvements"), in order to obtain fast added value with less risks. This optimization system identifies in specific areas and processes the potential to increase performance, reduce cycles, simplification and flow of operations and operations flexibility and cost reductions.
• Outsourcing: This division is exclusively dedicated to rendering outsourcing services in the administration are throughout the country. This division was created in response to perceived market needs: the low quality level of outsourcing offered by the vast majority of companies which have probed in this professional activity left a niche in the marketplace for a quality player. Its partners are highly experienced professionals, with the capabilities and attitude to clients who require this level of quality.
| Our Personnel |
We feel particularly proud of the professional team comprising our firm. The following is a summary of our personnel composition:
More than 85% of our professional team are university graduates with degrees in the following fields:
Public Accounting
Law
Systems Engineering
Business Administration
Finance
Economics
Tax Sciences
Our personnel participates actively in professional development and updating programs sponsored by the firm, which allow them to be aware of the most advanced techniques within their corresponding specializations, and in general permits them to face confidently the challenges of the business world.
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| Selected Clients |
Our clients constitute a faithful reflection of our strategic mission. We are devoted to serve exclusively a very specific international enterprise profile, thus focusing our resources to serve them with excellence.
| Cartón de Venezuela |
(Cardboard containers) |
| Owens Illinois |
(Glass containers) |
| Produvisa |
(Glass containers) |
| McDonald's |
(Restaurant) |
| Seguros Caracas |
(Insurance brokerage) |
| Seguros La Previsora |
(Insurance brokerage) |
| Seguros Los Andes |
(Insurance brokerage) |
| Chubb de Venezuela |
(Insurance brokerage) |
| Reaseguradora Patriaven |
(Insurance brokerage) |
| Reaseguradora Delta |
(Insurance brokerage) |
| Coca-Cola |
(Bottling and distribution of soft drinks) |
| BP -Amoco Venezuela |
(Energy) |
| LASMO PLC |
(Energy) |
| Helmerich & Payne |
(Energy) |
| Sincor |
(Energy) |
| Placer Dome |
(Energy) |
| CADAFE |
(Energy) |
| Cameron-Cooper |
(Energy) |
| Statoil |
(Energy) |
| Williams Int'l |
(Energy) |
| Conoco Venezuela |
(Energy) |
| Santa Fe Drilling |
(Oil services) |
| McGraw-Hill |
(Editorial) |
| Editorial Santillana |
(Editorial) |
| Ferrum |
(Construction materials) |
| Federal Mogul |
(Wholesale and retail distribution of vehicles spare parts) |
| RUALCA |
(Aluminum wheels) |
| Mack Trucks |
(Assembling and distribution of trucks and cars) |
| HBO Olé |
(Telecommunications) |
| Digitel |
(Telecommunications) |
| Unete.com |
(Telecommunications) |
| Lo que sea.com |
(Telecommunications) |
| Unión Radio |
(Telecommunications) |
| COMSAT |
(Telecommunications) |
| Danzas |
(International transportation) |
| Hilton International |
(Hotels) |
Inversiones Inmobiliarias
IAR 1997(Meliá) |
(Hotels) |
| Vencerámica |
(Manufacturer of bathroom fixtures) |
| Our Audit Technology Platform |
In order to perform our professional responsibilities with excellence and due to the challenges presented by the diversity, size and demands of our clients, among others, we have a technological platform that provides us with the efficiency and precision we require. Some of the tools created by ERNST & YOUNG and third parties, as well as some methodologies we currently use include:
| ACL(c) |
 Audit Command Language
A database administrator to process in our auditors' notebooks the information contained in the electronic files of our clients. This program allows us to download the information directly from our clients' computers, in order to prepare histograms, classifications and statistic selection, among others, without interrupting the normal activity of the data processing department of our clients.
EY Trial Balance
This is a computerized tool that facilitates the preparation of working papers automatically from the trial balance supplied by our clients using electronic means.
Auditors' Workstation
A group of computer applications to assist in the establishment of an optimal strategy to execute and control audit procedures. Particularly important is the "knowledge base", that uses Lotus Notes, allowing access to other ERNST & YOUNG offices in different locations, where there are experiences or suggestions for the execution of the work, or where coordination processes are performed for projects in different locations.
cc:Mail(c)
Electronic mail that interconnects all our professional from their desktops in our offices or from their notebooks at the offices of our clients or other locations (virtual office).
BIA(c)
Business Impact Analyzer
A tool that allows to measure the information risk levels in case of contingencies.
| Our Audit Technology Platform |
Risk Adviser
A tool that allows to identify the risk levels existing in the electronic data processing systems of our clients.
Although these computer tools are part of the most modern available techniques, the professional support offered by the ERNST & YOUNG worldwide organization through manuals, seminars, conventions and updating bulletins constitutes the technological advantage we consider places us at the avant-garde of our profession. The ERNST & YOUNG international communication network allows us to offer our clients timely information on different topics giving them an advantageous position in their decision making process. Therefore, our capacity to generate benchmarking constitutes a worldwide recognized advantage. |
