Incidence of the new regulatory framework of auditing in the exercise of the Revisoria Fiscal in Colombia

Abstract

The globalization of the economy is the pillar that triggered the implementation of accounting standards and assurance of financial information worldwide acceptance in Colombia, who in order to begin the process of convergence, had to amend its legislation, issuing mandatory standards, which means a challenge for accountants, especially those working as revisor fiscal. This article is descriptive, its analysis was based on data collection through surveys and the methodology used is the literature review. The population on which it has made the study make all public accountants in Colombia and the sample consists of five professionals of this union who serve as Revisores fiscales. To develop the work one resorted to secondary, such sources as: books , theses and related normativities focused on the exercise of statutory audit and ISAs (International Standards on Auditing) and also went to primary sources, such as surveys, documents: to develop the work to secondary sources such as was used which they underwent an exploratory data analysis that allowed achieve the objective, which was to describe the impact of the mandatory implementation of the new regulatory framework in the performance audit of the Revisores fiscales in Colombia. With the results obtained in this research, we can conclude that the Revisoría Fiscal as generating public confidence figure, should be prepared and trained to meet the requirements, as there will be major changes that will impact the exercise of their profession.