Andean Community of Nations (CAN), Peru, Colombia, Bolivia and Ecuador: the process of convergence and adoption of NIIF

Authors

  • Cristina Pérez Rico University of Cuenca
  • Vicente Méndez Rojas University of Cuenca
  • Carlos Fernández García University of Cuenca
  • María Alvarado Riquelme Rey Juan Carlos University
  • Paola Méndez Rojas University of Cuenca

DOI:

https://doi.org/10.25097/rep.n21.2015.05

Keywords:

Andean Comunity, International Financial Reporting Standards, IFRS, adoption, international standards, accountancy, integration.

Abstract

This document provides an approximate academic approach to the current adoption process of International Financial Reporting St andards (IFRS) of countries that form Andean Comunity of Nations (CAN) the countries included are: Bolivia, Colombia, Ecuador y Perú. This document describes the similarities and the differences of the countries that form the Andean Community. We use primary and secondary sources such laws, control institutions resolutions and work documents of IASB (International Accounting Standard Board), research articles and dissertations of the countries mentioned, are also included. This project is made with an actual current review of the adoption process of the Andean Community´s countries, focusing on the Republic of Ecuador where we analyzed work documents of the Accountancy Research Institute of Ecuador (IICE) and National Federation of Accountants of Ecuador (FNCE), previously the NIIF adoption.

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Author Biographies

Cristina Pérez Rico, University of Cuenca

Docente investigador de la Facultad de Ciencias Económicas y Administrativas de la Universidad de Cuenca

Vicente Méndez Rojas, University of Cuenca

Docente investigador de la Facultad de Ciencias Económicas y Administrativas de la Universidad de Cuenca

Carlos Fernández García, University of Cuenca

Docente investigador de la Facultad de Ciencias Económicas y Administrativas de la Universidad de Cuenca

María Alvarado Riquelme, Rey Juan Carlos University

Profesora e investigadora de la Facultad de Ciencias Jurídicas y Sociales de la Universidad Rey Juan Carlos (España). Directora de la MACS (Máster Universitario en Auditoría y Contabilidad Superior)

Paola Méndez Rojas, University of Cuenca

Docente investigador de la Facultad de Ciencias Económicas y Administrativas de la Universidad de Cuenca

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Published

2017-05-30

How to Cite

Pérez Rico, C., Méndez Rojas, V., Fernández García, C., Alvarado Riquelme, M., & Méndez Rojas, P. (2017). Andean Community of Nations (CAN), Peru, Colombia, Bolivia and Ecuador: the process of convergence and adoption of NIIF. Economy and Politics Journal, 21(21), 65–74. https://doi.org/10.25097/rep.n21.2015.05

Issue

No. 21 (2015): January/June

Section

Artículos

License

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