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Methodology for the use of the international norms of financial information in Ecuador

Abstract:

The International Norms of Financial Information (NIIF's) they are designed for the achievement of the quality of the information with transparency and truthfulness, where it exposes the financial states of each company. The NIIF is the result of the convergence of two big groups of norms that you/they arose in United States and Europe. In the Ecuador, the application and implementation of the NIIF is of obligatory character for all the companies that are low the supervision of the Superintendence of Purchases. With the objective of to carry out an appropriate application of each one of the International Norms of Financial Information and to achieve uniformity in the handling of the information, a Methodology was elaborated for the application of the International Norms of Financial Information in the Ecuador.