Restricciones y fortalezas para la aplicación de mediciones al valor razonable en Colombia: una aproximación desde el entorno empresarial, la práctica profesional y el gobierno corporativo

Abstract

The application of IFRS in Colombia has meant a complex process in which professionals have had to face significant changes in many job topics, not all linked directly to the accountancy; in this framework, value measurements and especially those which are made applying the fair value criterion have taken special relevance and they profiled as the dominant basis of financial reports of Colombian companies in the medium and long term. Given the high potential impact of the inclusion of fair value measurements in financial statements of Colombian companies, this document by reviewing a number of academic and research works and documented experiences of some organizastions such as guilds of valuers and financial organizations, focuses their attention in the evaluation of the implications and impacts in three main fields: i) the business environment, ii) corporate governance and, iii) the Colombian professional practice; From this analysis, will seek to determine if in the practical application, considering the restrictions associated with the measurement, the fair value obtained has or hasn't terms of quality pretended by the IFRS model. The job analysis developed lead to present conclusions about the relevance and pertinence of the use of the fair value criterion in many cases locally applicable. In the same way critical arguments are expected to help the reader to reach a broader analysis which allows to consider details beyond the regulatory framework that are permanently present in the generation of financial information, but rarely taken into account when reports are analyzed.