It is worth noting that the ESFA reflect accurate and appropriate equity account the effects of the

Home Services Audit Strategic Cost Management Inventories and valuations of fixed assets under IFRS Administrative Outsourcing Outsourcing Outsourcing Payroll Accounting Outsourcing Legal Outsourcing Tax Tax Auditing Other Services Partners Clara Inés Zapata Harold premier consulting group Hector Davalos Fabian Fabio Herrera Christian Alexander Mejia Carlos Alberto Gutierrez Botache Molina Rivera Company Presentation Clients News Contact Us
Home Services Audit Strategic Cost Management Inventories and valuations of fixed assets under IFRS Administrative Outsourcing Outsourcing Outsourcing Payroll Accounting Outsourcing Legal Outsourcing Tax Tax Auditing Other Services Partners Clara Inés Zapata Harold Hector Davalos Fabian Fabio Herrera Christian Alexander Mejia Carlos Alberto Gutierrez Botache Molina Rivera Company Presentation Clients News Contact Us
The superintendency of companies issued last April 30, 2014 Circular number 115-00004 in which it requested report Statement of Financial Position Opening (ESFA) to all commercial enterprises, branches of foreign companies and sole proprietorships classified as a Group 1 according to current premier consulting group regulations (Decree No. 2784 of December 28, 2012, as amended by Decree No. 3024 of December 27, 2013) for the implementation of International Financial Reporting Standards.
Indicates the Superintendent that that statement will cut off date of 1 January 2014, must be shown separately and individual financial statements and the consolidated where the company should do with its subsidiaries, affiliates or subsidiaries.
It is worth noting that the ESFA reflect accurate and appropriate equity account the effects of the implementation of International Financial premier consulting group Reporting Standards in a clear way. This figure should not include, in any case, items arising from accounting errors resulting corrections debugging accounts that should be the end of 2013. In this regard it is important to clarify that the settings for debugging accounts must be been recorded at December 31, 2013, in the manner provided by Colombian standards, the financial statements are approved by the highest body of the entity.
The reporting and the preparation of these financial premier consulting group statements is the sole responsibility of the administration led by its legal representative, do not have to be either signed or certified by the auditor, nor the report to be sent to the Superintendent.
But the fact is not mandatory nor the signature or the opinion of the Auditor on said ESFA, if it is our responsibility to see that our audited belonging to group 1 meet this requirement of the Superintendency of Companies, premier consulting group considering ordering and legal obligation.
Given that in 2015 the examination, the firm and auditor's opinion on the financial statements prepared under International Financial Reporting Standards will be necessary, we consider it appropriate to review the ESFA cut to January 1, 2014 as well as monthly financial statements to be prepared during the year, this year under IFRS. This will allow us to determine the reasonableness of the financial statements premier consulting group at December 31, 2014 prepared under this new financial and accounting concept, which will be the basis of the start of the mandatory application of IFRS in 2015.
As Statutory Auditors we can not ignore the change, and we must be prepared to face it with professionalism. premier consulting group If we have the professional and technical capacity to exercise our role as auditor under this new regulation, we must resign and let him who exercises if you have trained professionally.
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