COMPLIANCE ON EVENTS SUBSEQUENT TO THE FINANCIAL STATEMENTS

Authors

  • Percy Antonio Vílchez Olivares Universidad Nacional Mayor de San Marcos, Facultad de Ciencias Contables. Lima, Peru

DOI:

https://doi.org/10.15381/quipu.v24i45.12478

Keywords:

Events after the reporting period presented, International Financial Reporting Standards, dividends, approval of the financial statements, normative compliance, users of financial information

Abstract

According to accounting regulations issued in our country, companies listed on the Lima Stock Exchange began a process of adopting the International Financial Reporting Standards (IFRS for its acronym in English) from the year 2011, these rules are issued by the Financial Accounting Standards Board (IASB for its acronym in English), with the exception of banking enterprises, financial and insurance companies and others regulated by the Superintendence of Banking and Insurance.

This research aims to analyze the industrial companies’ degree of compliance and utilities listed on the Lima Stock Exchange in adoption of the IFRS regarding the accounting disclosures required by the IASB 10, Events occurred after the 2015 reported period. The results show that there is a partial information deficiency and provide significant evidence of relevant normative categories over financial events occurred after the reported period that are affected in compliance of the IFRS.

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Author Biography

  • Percy Antonio Vílchez Olivares, Universidad Nacional Mayor de San Marcos, Facultad de Ciencias Contables. Lima, Peru

    Magíster en Ciencias Contables y Financieras – Universidad Diego Portales (Chile). Contador Público Colegiado-UNMSM.

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Published

2016-07-15

Issue

Vol. 24 No. 45 (2016)

Section

Review Articles

License

Copyright (c) 2016 Percy Antonio Vílchez Olivares

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

AUTHORS RETAIN THEIR RIGHTS:

a. Authors retain their trade mark rights and patent, and also on any process or procedure described in the article.

b. Authors retain their right to share, copy, distribute, perform and publicly communicate their article (eg, to place their article in an institutional repository or publish it in a book), with an acknowledgment of its initial publication in Quipukamayoc .

c. Authors retain theirs right to make a subsequent publication of their work, to use the article or any part thereof (eg a compilation of his papers, lecture notes, thesis, or a book), always indicating the source of publication (the originator of the work, journal, volume, number and date).

How to Cite

Vílchez Olivares, P. A. (2016). COMPLIANCE ON EVENTS SUBSEQUENT TO THE FINANCIAL STATEMENTS. Quipukamayoc, 24(45), 161-171. https://doi.org/10.15381/quipu.v24i45.12478