The consulting firm Legal Auditors has positioned itself as a leader in the field of auditing and regulatory compliance in billing and accounting software in Spain, having audited over 350 solutions. The recent enforcement of the SIF Regulation (Royal Decree 1007/2023), along with other regulations such as Ministerial Order HFP/1335/2023 and the new system VERI*FACTU, has significantly increased the requirements for business management applications, driving a notable transformation in software manufacturers in the country.
The SIF Regulation and the Anti-Fraud Law establish a comprehensive regulatory framework, where integration with VERI*FACTU is one of the most significant innovations. Apart from the obligation to communicate in real-time with the Spanish Tax Agency (AEAT), systems must ensure the traceability, immutability, integrity, secure preservation, and readability of all the economic processes carried out by companies.
Processes that require special attention today include pre-invoicing, the immutable accounting of entries, and the complete traceability of the sales and purchasing cycle, as well as the management of remittances and grouped invoices. Many of the sanctions related to the Anti-Fraud Law do not stem from misuse of the VERI*FACTU system, but from non-compliance with other aspects of the accounting process.
Since its foundation, Legal Auditors has worked with over 350 systems, covering ERP solutions, POS systems, and billing platforms, and has reviewed over 230 technical and legal controls to identify potential risks. The consulting firm has provided support to various developers, ranging from startups to established companies, helping them comply with anti-fraud regulatory requirements.
Penalties for non-compliance can be severe, amounting up to €150,000 for programs that allow manipulation of accounting information or parallel operations. To mitigate these risks, Legal Auditors provides a variety of services, including full audits, technical-legal advice, design of secure architectures, and support in testing and validation of submissions to the AEAT.
In light of the increasing regulatory demands, Legal Auditors calls on all software companies and technology partners to review their situation and adapt their solutions to the new legal standards. On their website, the firm offers detailed information about their services and the possibility of requesting evaluation meetings without obligation.
Source: MiMub in Spanish