Accounting

Annual Report of Activities in 2014

ICAC 2014 Report The ICAC may entrust the quality control function to firms that represent the auditors or to third parties. In both cases, ICAC employees are responsible for supervising and managing the quality control work. The aforementioned administrative structure is responsible for the following matters: • Accounting standards. • Audit standards. • Audit regulations. • Control of Audit Activities (technical control and quality control). • Disciplinary Activities. • Managing resources and the Official Registry of Public Auditors (ROAC). The activities developed by the different ICAC sub-directorates in 2014 are reported in the fo-llowing 11 sections. ACCOUNTING The activities performed by the Sub-Directorate General of Accounting Technique and Standar-disation in 2014 were as follows: a) Responding to queries received on the accounting treatment of specific situations. Among all the queries that are resolved, those that are considered of general interest are selected for quarterly publication in this Institute’s Official Journal. QUERIES 2014 2013 Queries issued 516 511 Queries published 30 21


Annual Report of Activities in 2014
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