TO REGISTER THE DATABASES TO THE SIC

Law 1481 of 2012 "laying down general provisions for the protection of personal data" created the National Registry of Databases. Likewise it was established that its administration will be in charge of the Superintendence of Industry and Commerce and that the Government will regulate the minimum information that must contain and the terms and conditions [...]

2017-03-22T11:15:15-05:0022 marzo, 2017|

ISA 500 – EVIDENCE OF AN AUDIT IN AN AUDIT OF FINANCIAL STATEMENTS

Most of the auditor's work, when it is forming an opinion is to obtain and evaluate audit evidence. Audit procedures for obtain audit evidence may include inspection, observation, confirmation, recalculation, reexecution, and analytical procedures, often combined with each other, in addition to inquiry. Although the inquiry may provide important audit evidence, and may even provide [...]

2017-03-22T11:07:57-05:0022 marzo, 2017|

ISA 400 – RISK ASSESSMENT AND INTERNAL CONTROL

There are several types of risks that must be evaluated by the auditor in the examination of the financial statements. These risks are: Inherent Risk: It is the possibility that the balance of an account or a class of transactions by its nature, contains errors of relative importance, individually or jointly. Control Risk: It is [...]

2019-05-08T13:39:52-05:0022 marzo, 2017|
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