FISCAL AUDIT NRC-31210

Activity No 8
Fourth part of the exercise applied to the fiscal review report of the fiscal review

Presents:
Karoll Natalia Castro Calderón
Carlos Andrés Sánchez PaipaID 669205
Dackson Mauricio Mirquez Rojas ID 683748

Teacher.
Leyvi Yudy Lugo Prada.

Colombia, Ibagué–Tolima August 27, 2022.

Ibagué, September 24, 2022

2021

To the gentlemen/lady delegates of the Ordinary General Assembly of Partners of the company

CONSTRUCTIONS AND URBANIZATIONS S.A.S. NIT: 8907037795

In accordance with the Accounting and Financial Information Standards Accepted in

Colombia 'NCIF' for the exercise of the Auditor acted as appointed for the performance

from the position of Fiscal Reviewer in the company CONSTRUCTIONS AND URBANIZATIONS

S.A.S. submitted the following audit report and the opinion on the Financial Statements,

corresponding to the period from January 1 to December 31 of 2021.

The attached Financial Statements as of December 31, 2021 have been audited.

presented compared to those of the year 2020, consisting of:

• Statement of Financial Position.

• Statement of Results and Other Comprehensive Income.

• Statement of Changes in Equity.

• Cash Flow Statement.

• Revelations and other explanatory information.

Opinion of the fiscal reviewer.

In my opinion, the Financial Statements attached in this report, taken faithfully from the

books reasonably present, in all material respects, the financial situation of

the company CONSTRUCTIONS AND URBANIZATIONS S.A. as of December 31

2021 and 2020, as well as their comprehensive results, changes in equity and cash flow
cash corresponding to the fiscal year ended on those dates, in accordance with the

Generally Accepted Accounting and Financial Reporting Standards in Colombia - NCIF

contained in Decrees 2420 and 2496 of 2015, which incorporate the International Standards

of Financial Information -IFRS- and the International Assurance Standards -ISA-.

Aspects that may lead to the company not continuing as a going concern.

• That the company is unable to meet the payments corresponding to the debts

contracted.

• Excessive dependence on short-term loans to finance long-term assets

deadline.

• Loss of a main supplier for the development of its activities, without having to

the option to be able to replace it.

• Signs of withdrawal of financial support by creditors.

• Change in the payment method for transactions with suppliers, moving from

payments from credits to cash payments, and without having sufficient liquidity to cover

the needs of the company's operations.

• Intention of the management to liquidate the entity.

• Loss of important clients.

• Non-compliance with legal regulations.

• Changes in regulations that negatively affect the entity.

The management is responsible for the preparation and fair presentation of the financial statements.

Financial, in accordance with the current Technical Regulatory Framework in Colombia,

content in Annex No. 2 of Regulatory Decree 2420 of 2015, modified

by Decree 2496 of 2015, which incorporates the International Financial Reporting Standards

IFRS Financial, as well as the definition and implementation of the control system

internal that it deems necessary for the preparation of financial statements free of

material deviation, due to fraud or error.

Among the responsibilities of the Administration are:

• Design, implement, and maintain an Internal Control System that ensures that the

the preparation and presentation of the financial statements are free of errors

of relative importance, whether due to fraud or error.

• Select and apply the appropriate accounting policies.

• Make reasonable accounting estimates, according to the economic reality of

the Entity.

Responsibility of the Fiscal Reviewer

My responsibility is to express an opinion on these financial statements, based on my

audit, my oversight work was carried out in accordance with Annex No. 4 of the Decree

Unique Regulatory 2420 of 2015, modified by Decrees 2496 of 2015, which

incorporates the International Standards on Auditing 'ISA' and International Standards

about Work for Witnessing "ISAE", attending to ethical principles and criteria
planning and execution of the work, to obtain reasonable assurance about whether the statements

financial statements are free of material misstatements due to fraud or error; among

these criteria are found:

• The planning and execution of my auditing work was carried out with autonomy and

independence of criterion and action with respect to the Administration of the Entity,

based on a comprehensive oversight approach, which covers the management of the

Administrators, the Internal Control System, compliance with obligations

legal and financial information.

• With the applied auditing programs, I guaranteed permanence, coverage,

integrity and timeliness in the evaluation of the various audit objects.

• My management is backed by the respective 'Working Papers', which are

available for the purposes and relevant authorities.

An audit involves the application of procedures to obtain evidence of

audit of the figures and information disclosed in the financial statements; the selection

the procedures depend on the auditor's judgment, including the assessment of the

risks of material misstatement in the financial statements due to fraud or error. To

to carry out such risk assessments, the auditor takes into account internal control

relevant for the preparation and presentation by the Entity of the statements

financial, in order to design appropriate audit procedures according to

of the circumstances and to express an opinion on the effectiveness of internal control of the

Entity. An audit also includes the evaluation of the adequacy of the policies.

applied accounting and the reasonableness of the accounting estimates made by the
Management, as well as the evaluation of the presentation of the financial statements in

set.

I believe that the audit evidence I have obtained in my audits provides

a sufficient and appropriate basis for my opinion as a Fiscal Reviewer.

Regarding the work done, if compliance with articles 208 and 209 of the decree is met.

410 of 1971, since:

• If the necessary information has been obtained to fulfill their functions.

• In its concept, accounting is carried out according to legal standards and techniques.

accounting and the recorded operations conform to the statutes and the decisions of

the assembly or board of directors.

• the balance sheet and the income statement have been taken faithfully from the

books.

• the actions of the society's administrators conform to the bylaws and the orders

or instructions from the assembly or members' meeting.

• the correspondence, the account statements and the minutes and registry books

of actions, if applicable, are carried out and properly preserved.

• the internal control measures for conservation and custody of the

property of the society or third parties that are in the possession of the company.
Opinion on legal and regulatory compliance.

My work was focused on forming a professional judgment about the objectivity of the

accounting information, compliance with legal regulations, the Statute and the

decisions of the Management and Administration Bodies; as well as compliance with

standards on books and commercial documents; the effectiveness of the Control System

Internal; the fulfillment of the Social Object; the social projection of the Corporation; the

responsibility and diligence of the Administrators; and the consistency of the figures

included in the Management Report prepared by the Administrators with the reports

countable.

I consider that I have obtained the necessary and sufficient information to comply

adequately my functions. Additionally, during the period I received from the

Administration the collaboration required for my management.

Opinion on the effectiveness of the internal control system

It is very important to use the COSO methodology as it allows for review based on this.

the effectiveness of control systems and determine the effectiveness of these by conducting

continuous improvements and establishing guidelines on how to prevent rape in the structure

organizational of each of its systems.

Ibagué Colombia

References

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Opinion-Year-2018.pdf

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