International financial reporting standards (ifrs)

The international financial reporting standards were applied in Colombia with the need
to establish a comparison between two financial statements prepared under
Different criteria

Through Law 1314 of 2009 was defined the regulatory framework to be applied to the new
accounting and information principles and standards accepted in Colombia

The new standards will be applied by the Colombian companies fulfilling the requirements and
parameters of the IFRS.

All companies were included in the implementation of international

The Colombian companies were classified into three categories

the standards were issued by (International Accounting Standards Board

The IFRS were delivered to Colombia for implementation

Thank you
International financial reporting standards (ifrs)
Inanacinal faynecio reipoire standers

International financial reporting standards were applied in Colombia with

Inanacional faynecio reipoire standers wer aplid in Colombia wen de nid
to
the need to establish a comparison between two financial statements
stablos ei comperson bewin too faynecion steymens
prepared under Different criteria
prepert ander dirent creturia

Through Law 1314 of 2009, the regulatory framework that will be applied
to the new accounting and information principles and standards accepted
in Colombia was defined.

The new standards will be applied by Colombian companies that comply with
the requirements and parameters of the IFRS.

the reguration entities dictated that companies be included in the

implementation of the regulations

Colombian companies were classified into three categories

the standards were issued by (International Accounting Standards Board)

them

The IFRS were delivered to Colombia for its implementation

I say we can get used to the new rules.

Colombia asked: "Would you like

apply the new rules?

the answer was yes