BKF International S.A. Auditores y Consultores (Bogota) Participates in Seventh National Institute of Public Accountants – INCP Summit

On August 29-30, BKF International participated in the Seventh National Institute of Public Accountants – INCP Summit. Senior executives, government members, national and international exhibitors, discussion leaders, academic and financial community, and accountant professionals all gathered for the event.

The theme of the summit this year was "In a Global Profession." About 700 professionals participated in the various sessions, which included such topics as changes in IFRS for SMEs and the conceptual framework, the challenges of accountants and tax reviewers in the national context, changes in ISA 315-identification and assessment of the risks of material errors, the competences for small and medium-sized accounting firms and independent professionals, results of the audit of the first financial statements in accordance with Resolution 533 of 2015, sustainability reports and integrated reports, quality control for small and medium-sized firms and independent accountants, IPSAS 41 - Financial instruments, the new code of ethics, the skills of the accountant now and in the future, the risks of the financing law, and effects of technological changes in the profession.

On this occasion, the INCP made a special tribute to the General Accountant of the Nation, Pedro Luis Bohórquez Ramírez, for the outstanding and effective work that has come in the entity responsible for determining the policies, principles, and standards on accounting that should govern the Colombian public sector (the General Accounting Office of the Nation).

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