Convergence of International Financial Reporting Standards and Accounting Information Standards
Comfenalco Valle informs its affiliated companies, workers and their families that since 2011 and currently we are complying with the convergence project of International Financial Information Standards and Accounting Information Standards, in compliance with Law 1314 of 2009, by which the principles and standards of accounting and financial information are regulated in Colombia.
This process also responds to the OFI Official Letter 12-00099881 / JMSC31010 of September 13, 2012 issued by the High Council for Public and Private Management of the Presidency of the Republic, the Minister of Finance and Public Credit and the Minister of Commerce, Industry and Sightseeing; also to official letter 2012 - 005429 of the Superintendency of Family Subsidy.
This project, which we are developing in three phases to align ourselves with the International Financial Reporting Standards and Accounting Information Standards, will modify and improve the financial processes of our organization for our clients, suppliers and other entities with which we interact.
Financial Management and Accounting Headquarters