IFRS and their impact on the management of corporations: a case study

• Autor(a) principal: Cossio, Laura Constanza Gallego
• Data de Publicação: 2022
• Outros Autores: Acosta, Paola Marcela Sanchez, Vargas, Cristian Camilo Gonzalez, Aros, Ludivia Hernandez
• Tipo de documento: Artigo
• Idioma: spa
• Título da fonte: CAFI (São Paulo)
• Texto Completo: https://revistas.pucsp.br/index.php/CAFI/article/view/56983
• topic: Sociedades S.A.S; NIIF; entidades con ánimo de lucro; convergencia; S.A.; IFRS; for-profit entities; convergence

With the entry into validity of Law 1314 of 2009, all Colombian public and private companies had to comply with the new regulatory frameworks regarding the way of recording and presenting the entity's financial information; therefore, this research analyses the management of international standards in simplified joint stock companies. The methodology of this research is analytical. It starts with a theoretical sweep on the impact of IFRS in Colombia and their application in for-profit organisations S.A.S. As a conclusion, IFRS have generated great impact in Colombian organisations, regarding their application and presentation, this standardisation of information presentation is being applied in Colombian companies, with the elaboration of reports and presentation of financial statements under the international regulatory framework, the adoption in SAS companies varies depending on whether they are group one, group two or group three.