At the XI Encuentro Contable & Tributario on 29 January, Colombia’s Superintendence of Companies (Supersociedades) announced a major shift in financial reporting: STORM is out, and XBRL is in. Soon, all corporate reports – both financial and non-financial – will need to be filed in XBRL format, bringing Colombia in line with international best practices.
The Superintendencia de Sociedades in Colombia is holding a month of free training sessions to help financial report preparers navigate the XBRL EXPRESS online system. Circular 201-000008, which came into effect in November 2019, established requirements for monitored companies to report financial statements digitally, in XBRL format, in line with international standards. In addition to introducing country-wide […]
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