TO REGISTER THE DATABASES TO THE SIC

Law 1481 of 2012 "laying down general provisions for the protection of personal data" created the National Registry of Databases. Likewise it was established that its administration will be in charge of the Superintendence of Industry and Commerce and that the Government will regulate the minimum information that must contain and the terms and conditions [...]

2017-04-11T15:37:32-05:0022 marzo, 2017|

ISA 500 – EVIDENCE OF AN AUDIT IN AN AUDIT OF FINANCIAL STATEMENTS

Most of the auditor's work, when it is forming an opinion is to obtain and evaluate audit evidence. Audit procedures for obtain audit evidence may include inspection, observation, confirmation, recalculation, reexecution, and analytical procedures, often combined with each other, in addition to inquiry. Although the inquiry may provide important audit evidence, and may even provide [...]

2017-04-11T15:37:39-05:0022 marzo, 2017|

ISA 400 – RISK ASSESSMENT AND INTERNAL CONTROL

There are several types of risks that must be evaluated by the auditor in the examination of the financial statements. These risks are: Inherent Risk: It is the possibility that the balance of an account or a class of transactions by its nature, contains errors of relative importance, individually or jointly. Control Risk: It is [...]

2017-04-11T15:37:46-05:0022 marzo, 2017|

TAX REFORM

The tax reform has been approved. Find here what their chapters consist of: Impact on tax rates  2016  2017  2018  2019  25%+9%+8% About equity tax  34%+5% About income tax  33%+3% About income tax  32% Article 98. Amend article 240 of the tax statute.  Companies Law 1429 Companies Law 1429 that are between the third and fifth year [...]

2017-04-11T15:37:54-05:0022 marzo, 2017|

OSH-ST

OCCUPATIONAL SAFETY AND HEALTH MANAGEMENTE SYSTEM Through Decree 1072 of May 26, 2015, the Ministry of Labor established in its general provisions for the implementation of the Occupational Safety and Health Management System (OSH-ST)[1], in public and private Colombian companies that they have from a worker under any modality of contracting. The Occupational Safety and [...]

2017-04-11T15:38:03-05:0022 marzo, 2017|

¿WHAT ARE THE IFRS | NIIF?

The International Financial Reporting Standards (IFRS) are the set of international accounting standards promulgated by the International Accounting Standards Board (IASB), which establishes the knowledge requirements, measurement, disclosure and information to reveal, for transactions and economic facts that affect a company and that are reflected in the financial statements. The world today is constantly changing, [...]

2017-04-11T15:38:09-05:0022 marzo, 2017|
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