Internal control against changes in Colombian accounting regulation
Abstract
One of the objectives of internal control is to ensure the issuance of financial information, among others, to facilitate the management of the organization and to meet its objectives; consequently, from the change of Colombian accounting standard to the International Financial Reporting Standards, it is expected that the internal control system will be modified to ensure regulatory compliance. This research, carried out through documentary review and interviews applied to companies of the economic subsector of the clothing industry of Antioquia, aims to characterize the changes in the internal control due to the accounting normative change. Analyzing the results, it is concluded that, in the companies, which mostly obey an informal system of internal control due to an empirical execution, it was over time and with the understanding of the normative framework, that the controls were adapted to the changes made in the processes.
Downloads
References
Castañeda, L. I. (2013). Los sistemas de información contable de herramientas para la gestión integral de las PYMES. Revista de la Agrupación Joven Iberoamericana de Contabilidad y Administración de Compañías, 11, 31-40.
Cámara de Comercio de Medellín para Antioquia. Informe de la economía antioqueña 2016. Extraído el 16 de agosto de 2017: http://www.camaramedellin.com.co/site/Portals/0/ Documentos/2017/Informativo%20c%C3%A1mara/INFORME%20DE%20LA%20ECONOM%C3%8DA%20ANTIOQUE%C3%91A%202016.pdf
Congreso de Colombia. Secretaría del Senado. Ley 1314 de 2009. Extraído el 28 de 07 de 2016, de http://www.secretariasenado.gov.co/senado/basedoc/ley_1314_2009.html
Deloitte & Touche Ltda. (2008). Globalización contable. Bogotá: Editorial Planeta Colombiana S.A.
Deloitte & Touche Ltda. (2009). Control interno efectivo. Hacia un nuevo estándar internacional. Bogotá: Editorial Planeta Colombiana S.A.
Dorta, J. A. (2005). Teorías organizativas y los sistemas de control interno [Versión electrónica]. Revista Internacional Legis de Control y auditoría, 22, 9-58.
Ferrer, A.M. (2013). Análisis del proceso de convergencia a Normas Internacionales de Contabilidad e Información Financiera desde los factores intrínsecos al sistema contable en Colombia. Cuadernos de contabilidad, 4(36), 971-1007.
Gómez, M. (2005). Evaluación del enfoque de las NIIF desde la teoría de la contabilidad y el control. Revista Internacional Legis de Control y auditoría, 149-197.
Hermanson, D. R., Smith, J. L. y Stephens, N. M. (2012). How Effective are Organizations’ Internal Controls? Insights into Specific Internal Control. American Accounting Association, 6, 31-50.
Hoogendoorn, M. (2006). International Accounting Regulation and IFRS Implementation in Europe and Beyond – Experiences with First-time Adoption in Europe. Accounting in Europe, 3, 23-26.
Huang, P., Guo, J. y Zhang, Y. (2015). Does the value of cash holdings deteriorate or improve with material weaknesses in internal control over financial reporting? Journal of Banking & Finance, 54, 30-45.
Kasurinen, T. (2002). Exploring management accounting change: the case of balanced scorecard implementation. Management Accounting Research, 13, 323–343.
López, O. y Guevara, J. A. (2015). Control organizacional: una mirada comparativa con el mundo. Contaduría Universidad de Antioquia, 66, 175-190.
Navarro, S. y Ramos, B. (2016). El control interno en los procesos de producción de la industria litográfica en Barranquilla. Equidad & Desarrollo, 25, 245-267.
Novo, C. M. (2016). Procedimiento de control interno para el ciclo de inventario. 3C Empresa: investigación y pensamiento crítico, 5(4), 32-40.
Pírela, A. (2005). Estudio de un caso de control interno. Telos, 483-495.
Prada, E. (2009). Nuevo enfoque internacional del sistema de control interno colombiano como elemento de gobierno corporativo. Revista Internacional Legis de Contabilidad y Auditoría, 39,11-74.
Rusenas, R. (2011). Control interno. Buenos Aires, Argentina: La ley.
Sánchez, A. S. y Giraldo, N. A. (2008). Las necesidades de las pyme – pequeñas y medianas empresas– y el sistema de información contable y financiero como una estrategia para atenderlas. Cuadernos de Contabilidad, 9(25), 421-464.
Sunder, S. (1944/2005). Teoría de la contabilidad y el control. Universidad Nacional de Colombia.
Susanto, A. (2016). The effect of internal control on accounting information system. International Business Management, 10(23), 5523-5529.
Wilford, A. L. (2015). Internal control reporting and Accounting standards: A cross-country comparison. Account. Public Policy, 35, 276-302.
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
The Colombian Journal of Accounting is open access and does not charge for the delivery of the articles, the editorial process and the publication. It can be consulted freely, without the requirement of registration, subscription or payment. The authors of the articles are creditors of all the authors' rights and retain the publication rights without restrictions. The author and third parties are allowed to read, download, copy, reproduce, distribute, communicate and create from the article, as long as the credit is attributed to the author(s), the initial publication is recognized in the Colombian Journal of Accounting and for non-commercial purposes. This journal provides free access to its content under the principle of making research available to the public free of charge, which fosters a greater exchange of global knowledge.
All the papers is licenced by Creative Commons Reconocimiento-NoComercial-CompartirIgual 4.0.
