International Financial Reporting Standards

Peru Accounting Consultant Explains the Accounting Closing Process

We approached our Peru Accounting Consultant for insight into undertaking the accounting closing process in Peru. As the end of the year approaches, companies are preparing their yearly financial statements. While preparing these statements, it is important to be mindful of requirements and regulations that apply to companies earning income in Peru. Financial statements are …

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Brief Summary of the IFRS Implementation in Colombia

What is IFRS? International Financial Reporting Standards (IFRS) is an internationally accepted reporting standard for registering financial transactions & reporting. Why is it important? Colombia has fully adopted the IFRS guidelines and they are now in full effect for all Colombian companies, meaning that you need to ensure that your accountants are registering all transactions according to …

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