Judgments in preparation of financial statements of Peruvian mining companies

Authors

DOI:

https://doi.org/10.15381/quipu.v29i61.21488

Keywords:

judgements, accounting policies, critical accounting estimates, assumptions, uncertainty

Abstract

Objective: Identify if there is a differentiated disclosure of the Peruvian mining companies’ judgments for the year 2020 in relation to the International Financial Reporting Standards (IFRS), as well as describe if there is a sufficient level of detail of the presumed assumptions in the Peruvian mining companies in 2020 in relation to the IFRS. Method: Qualitative, partially descriptive, non-experimental, transversal approach and a content analysis of the normative framework of the IFRS and the financial statements of Peruvian mining companies. Results: Four out of the eleven Peruvian mining companies do not make a differentiated disclosure of the lawsuits, and, on the other hand, the presumed assumptions are generic and do not provide greater detail. Conclusion: There is an opening of criteria in the disclosure of judgments and a lack of sufficient disclosure of the presumed assumptions.

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Author Biography

  • Rosa Milagros Castañeda Moreano, Pontificia Universidad Católica del Perú, Lima, Peru

    Degree in Accounting from Pontificia Universidad Católica del Perú. Independent Auditor, Certified Public Accountant, certified in Risk Management, with 20 years of experience in IFRS compliance, financial auditing, planning, budgeting, treasury and accounting, financial due diligence, evaluation of the internal control environment (COSO ERM) and risk management (ISO 31000) in companies of various economic sectors. Research interests: Accounting research, risk management, accounting epistemology, accounting theory.

     

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Published

2021-12-29

Issue

Vol. 29 No. 61 (2021)

Section

Original papers

License

Copyright (c) 2021 Rosa Milagros Castañeda Moreano

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

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How to Cite

Castañeda Moreano, R. M. (2021). Judgments in preparation of financial statements of Peruvian mining companies. Quipukamayoc, 29(61), 19-27. https://doi.org/10.15381/quipu.v29i61.21488