IFRS for SMEs in Guatemala
Guatemala's College of Auditors and Public Accountants has agreed to adopt the International Financial Reporting Standards (IFRS) for small and medium sized enterprises (SMEs).
Friday, July 23, 2010
On 13 July, 2010, Guatemala's official government newspaper published the agreement that brings into being the standard. The agreement is found in official note number JD 140042010 from the board of the Guatemalan Institute of Auditors and Public Accountants (IGCPA).
Accounting professionals in Latin America and other regions will meet in Managua on October 1st-3rd.
Panama adopted the International Financial Reporting Standards (NIIF in Spanish) and ordered its publication and use in the preparation of income tax returns.
Since June 30th the country has been applying the International Financial Reporting Standards (IFRS) for the preparation of financial statements.
Repayment schedule for tax liabilities for November 2011, and Tax Memorandum.
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