Accounting Week

1.The Ministry of Commerce, Industry, and Tourism published Decree 1611 of 2022, in which the “Technical Annex of the IFRS - International Financial Reporting Standards, Group 1” is modified. 

The Decree modifies three International Accounting Standards (IAS) and an International Financial Reporting Standard (IFRS).

- IAS1 - Presentation of financial statements.

• IAS8 Accounting policies, changes in accounting estimates, and errors
• IAS12 - Income tax.
• IFRS16 - Leases.

These modifications will take effect from January 1st, 2024.

See: Decree 1611 of 2022

2.The Superintendency of Companies issued the Basic Accounting Circular Letter through External Circular Letter 100-000007 on July 12th, 2022.

This document is designed for those responsible for preparing, presenting, and disclosing financial information, and its main objective is to group all resolutions, circulars, concepts, and guides issued by the Superintendency of Companies to order the accounting doctrine.

See: External Circular 100-000007 of 2022

3.The DIAN - Directorate of National Taxes and Customs, through the Foreign Exchange Supervision Subdirectorate, informs the update of the exogenous exchange information pre validator.

The pre-validator program folder of exogenous exchange information is updated from 2006 to the second quarter of 2022.

See: https://www.dian.gov.co/Transaccional/Paginas/Prevalidadores.aspx

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