13. ACCOUNTING REGIME
In Colombia, Law 1314 of 2009 established that companies must apply international financial reporting standards of international acceptance. That is, all companies that carry out commercial acts must keep accounts under the technical accounting frameworks in force in the country, which are based on the International Financial Reporting Standards issued by the IASB (IFRS), without prejudice to the exceptions set forth in the same law.
Below you will find the main principles of this regime to be taken into account when considering investments in Colombia.
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