In the XXI century the Junta Central de Contadores should be recognized as an entity of greater importance and interference in the inspection and monitoring of professional ethics and the practice of science in accounting and the quality of education in this area of knowledge .
Based on our mission, the challenge of the new millennium requires us to implement more effective control models of competence to professional public accountants. In this sense, the Junta Central de Contadores will of the dynamics of inspection, control and monitoring an archetype to be emulated.
The Junta Central de Contadores is one of the bodies of the accounting profession, responsible for carrying out the registration and control of public accountants and legal persons providing services accounting for those issues, in order, professional card registration card, enabling documents to practice in our country.
As a responsible entity to exercise control and monitoring the activities of the accounting profession, has the Junta Central de Contadores, the enormous task of ensuring that public accounting is exercised only by duly registered public accountants and that those engaged in the public accounting profession, the made in accordance with legal regulations, in terms of punishing those who violate such law provisions.
In the character of body guarantor of ethical practices in the accounting profession, tends because his executors, in his capacity as notary public, to develop the tasks entrusted to them within the highest ethical canons and high social values, to protect the common interest. Thus, in the exercise of disciplinary authority that holds, explores the behaviors that violate the ethical order and punish those responsible of such violation .
The Junta Central de Contadores generates the recognition of public accounting in society, and with the support of its members and officials trend by exercising careful control of the accounting profession, in strict observance of constitutional principles governing the administrative function.
As provided by Article 20 of Law 43 de1990, corresponds to the Junta Central de Contadores:
1) Inspect and monitoring to ensure that public accounting is exercised only by duly registered public accountants and that those engaged in the public accounting profession, do so in accordance with legal regulations, sanctions under the terms of the Act to those violate such provisions.
2) To make the registration of public accountants, suspend or cancel it when you place it, and carry out registration.
3) To send the business card of CPA and its regulation, in addition to the certifications that fall within the scope of its institutional powers.
4) Report to the competent authorities who are identified and public accounting firm without being registered as such.
5) enforce the provisions on professional ethics.
6) Establish sectional meetings and delegate to them the necessary functions to facilitate the adequate provision of services.
Within the scope of these functions, the Junta Central de Contadores is special purposes to highlight the importance of public trust to promote public confidence of users of professional services of public accounting, through the investigation of the conduct that could violate the ethical order, applying disciplinary sanctions as appropriate. It also contributes to the development of science and pursuit of transparent accounting and optimal within the principles of the common good.
Protect the profession of public accountancy through the fight against corruption.
Rethinking the importance of public faith in head of Public accountant, as the guarantor of common interest.
Promote social trust in professional services of the Public Accounts, through research and application of sanctions by the Disciplinary Tribunal.
Contribute to the development of science and pursuit of transparent accounting and optimal within the principles of the common good.
Planning and executing a real surveillance and inspection of Accounting professionals and their practices.
Conserving the Environment in all activities of the entity.
TEXT OF THE LAW 43 OF 1990 IN ENGLIHS LANGUAGE
THE FIRST TWO CHAPTERS OF THE LAW 43 OF 1990
LAW 43 OF DECEMBER 13, 1990
FOR WHICH ADDS Law 145 of 1960, regulating public accountant and other provisions
ARTICLE 1. Public accountant. CPA means the natural person who, by the inscription certifying professional competence in terms of this, is empowered to attest the public acts within their own profession, opinion on financial statements, perform other activities related with science in general accounting.
The dependency ratio disables the counter work to give public faith on acts involving their employer. This inability does not apply to statutory auditors or public accountants who provide services to companies not bound by law or by statute, to have a statutory auditor.
ARTICLE 2. ACTIVITIES RELATED TO THE GENERAL ACCOUNTING SCIENCE. For purposes of this law are understood by science-related activities accounting in general all those that involve organization, review and monitoring of accounts, certificates and opinions on financial statements, certifications issued on the basis of accounting books, tax inspection , provision of audit services and all activities related to the nature of the professional role of CPA, such as tax advice, management consultancy, in accounting and the like.
FIRST PARAGRAPH. The Public Accountants and Public Accountants Societies are entitled to employ the services of the activities related to science in general accounting and such services will be provided by CPAs or under its responsibility.
SECOND PARAGRAPH. The Public Accountants and Public Accountants Societies may not, by themselves or through their employees, acting as an intermediary in the selection and hiring of personnel involved in activities related to science in general accounting firms using statutory audit services or external audit.
ARTICLE 3. REGISTRATION OF PUBLIC ACCOUNTING. Registration as a Certified Public Accountant will be credited via a business card to be issued by la Junta Central de Contadores
FIRST PARAGRAPH. Since the enactment of this law to be registered as a practitioner is necessary to be a Colombian national, in exercise of civil rights or alien domiciled in Colombia with at least three (3) years prior to the respective application registration and that meets the following requirements:
1.Haber obtained a degree in accounting at a Colombian university authorized by the government to confer such a title, according to the regulations of university education in the subject, plus proven experience in activities related to accounting techniques not generally less than one (1) year and acquired simultaneously with graduate or post them.
b. Or have obtained the title of public accountant or equivalent designation issued by foreign institutions in countries with which Colombia has signed agreements on reciprocity of qualifications and endorsed by the government agency authorized to that effect.
SECOND PARAGRAPH. Within twelve months following the enactment of this Act, la Junta Central de Contadores must have been produced and delivered professional card Accountants who are registered as such, the effective date of this Act, who may continue to exercise the profession under the old rules, until they were issuing the new document.
Applications for registration filed prior to the enactment of this Act shall be resolved within three months following the enactment of this law on the penalty of misconduct by those holding public office must in each case.
THIRD PARAGRAPH. In all professional acts, the signing of the CPA must be accompanied by professional card number.
ARTICLE 4. SOCIETIES OF PUBLIC ACCOUNTANTS. They are called "society of CPAs," a legal person which includes main objective to develop through its partners and their dependents or under contracts with other Public Accountants, providing services of the same and related activities with science in general accounting stipulated in this law. In societies of CPAs, 80% or more of the partners must have the quality of Certified Public Accountants and CPA's legal representative shall, when all partners have such quality.
ARTICLE 5. Of state surveillance. The societies of CPAs are subject to the supervision of la Junta Central de Contadores
ARTICLE 6. PRINCIPLES GENERALLY ACCEPTED ACCOUNTING. Means of accounting principles or standards generally accepted in Colombia, the set of basic concepts and rules to be observed at the accounting records and reports on issues and activities of individuals.
ARTICLE 7. AUDITING STANDARDS GENERALLY ACCEPTED. The generally accepted auditing standards, related to the professional qualities of CPA, with the use of his good sense in carrying out its review and its report concerning the same. The auditing standards are:
1.The examination must be performed by persons having adequate training and are empowered by law to practice public accountancy in Colombia.
2.The Accountant must have independence of mind in everything related to their work, to ensure impartiality and objectivity of their judgments.
3.The implementation of its examination and preparation of their reports, should proceed with professional diligence.
2.Normas on the performance of work
1.The technical work must be planned and appropriate supervision must be exercised on the audience, if any.
2.deb be a proper study and evaluation of existing internal control system, so that they can trust it as a basis for determining the extent and timing of audit procedures.
3.Debe valid and sufficient evidence obtained by analysis, inspection, observation, examination, confirmation and other auditing procedures for the purpose of Allegan reasonable grounds for issuing an opinion on the financial statements subject to revision.
3.Normas relating to the reporting
1.Siempre the name of a CPA is associated with financial statements, shall state clearly and unequivocally the nature of their relationship with those states. If they performed an examination, the practitioner must state clearly the nature of its review, its scope and professional opinion on the reasonableness of the information contained in these Financial Statements.
2.The report should contain an indication about whether the financial statements are presented in accordance with accounting principles generally accepted in Colombia.
3.The report must contain indication of whether these principles have been applied uniformly in the current period in relation to the previous period.
4.When practitioner considers it necessary to express reservations about some of the general statements of his report and opinion should be expressed clearly and unequivocally
PARAGRAPH. When necessary, the Technical Board of Public Accountancy, complement and update the audit standards generally accepted in accordance with the functions identified for this organism in this law ..
Exercise of the Profession
ARTICLE 8. RULES TO OBSERVE THE PUBLIC
ACCOUNTANTS. CPAs are required to:
1.Observar standards of professional ethics.
2.Actuar with subjection to the generally accepted auditing standards.
3.Cumplir legal norms and the provisions issued by oversight agencies and direction of the profession.
4.Vigilar the registration and accounting information is based on generally accepted accounting principles in Colombia.
ARTICLE 9. WORKING PAPERS. By working papers, the practitioner shall record the work done to give their professional opinion. These papers are the sole property of the CPA are proprietary, will be prepared for in accordance with generally accepted auditing standards.
PARAGRAPH. Working papers may be examined by state agencies and officials of the judicial branch in cases provided by law. These papers are subject to reservation and must be retained for no longer than five (5) years, counted from the date of manufacture.
ARTICLE 10. THE PUBLIC FAITH. The attestation or signature of a practitioner in the acts of the profession will be presumed, unless proved otherwise, that the act in question conforms to legal requirements, as well as the articles of association in the case of legal persons. Trying to balance it shall be presumed also that the balances have faithfully taken from books, they fit the legal standards and that the figures reported herein reflect faithfully the financial position for the balance sheet date.
PARAGRAPH. Accountants, when making public trust in accounting are treated as public officials for purposes of criminal penalties for the crimes they commit in the exercise of their profession activities, without prejudice to the responsibilities of civil order as may be under the laws.
ARTICLE 11. Is a function unique to the CPA to express an opinion or make independent professional certifications on balance sheets and other financial statements.
ARTICLE 12. Since the enactment of this law the election or appointment of employees or public officials to develop positions that involve the exercise of technical accounting activities, shall be made by accountants. The violation of the provisions of this Article shall entail invalidation of the official or entity that created the spot.
ARTICLE 13. In addition to that required by previous laws, you must have quality in accounting from the following:
1.For because of the position
1.In order to perform the duties of auditor, external auditor, internal auditor in all kinds of companies for which the law or social contract so determine.
2.The all appointments are made after the enactment of this law to hold the office of chief accountant or equivalent, internal auditor, private visitors and the technical accounting matters of the Banking of Companies, Dancoop, Family Allowance, as well as the National Securities Commission and the Department of National Revenue or the entities that replace them.
3.In order to act as an expert in disputes of a technical accounting due diligence on display especially in books, judgments of accountability, equity valuation of intangibles and cost of operating companies.
4.In order to hold the position of Dean in faculties of Public Accounting.
5.A to technical accounting advice to the authorities, through government channels, in all matters related to tax issues, without prejudice to the rights the law gives lawyers.
2.With because of the nature of the case.
1.In order to certify and rule on the balance sheets and financial statements and other technical documents attest-accounting designed to provide information about acts of transformation and merger of companies in the precautionary agreements, discretionary and mandatory and bankruptcies.
2.In order to certify and rule on balance sheets and other financial statements of legal persons or legal entities of creation, whose gross income during the previous year and / or whose gross assets at 31 December 5000 or exceed the minimum wage. Similarly to rule on balance sheets and other financial statements of natural persons, legal, factual or legal creation. Applicants for funding above the minimum wage equivalent to 3,000 to lenders of any nature during the term of the obligation.
3.For certify and opinion on financial statements of companies carrying out public offerings of securities, which are securities registered and / or applying for registration of their stock.
4.In order to certify and opinion on financial statements and information of an accounting nature, including studies of investment projects, exceeding the equivalent of 10,000. minimum wages.
5.For certification and rule on balance sheets and financial statements and other accounting documents attest to be submitted by proponents to participate in public tenders opened by creating institutions or legal entities, when the amount of the bid is higher than the equivalent of two thousand minimum wages.
6.For all other cases stipulated by law.
FIRST PARAGRAPH. Means gross assets, the value of assets determined in accordance with accounting principles generally accepted in Colombia.
SECOND PARAGRAPH. Auditor will be mandatory in all commercial companies, of any nature, whose gross assets at 31 December of the immediately preceding year or exceed the equivalent of five thousand minimum wages and / or whose gross revenue for the year immediately preceding or exceed equivalent to three thousand minimum wages.