IFRSs enter SIESA solutions


During the last three years, Siesa has employed more than 5,000 man hours to materialize this new version of products for the implementation of the IFRS standard

Bogotá, December 2012. Siesa solutions have reformed their structures with the adoption of the "International Financial Reporting Standards" (IFRS), known as IFRS. Companies with ERP systems Siesa Enterprise and Siesa 8.5 can at any time have comparative reports of their operation under the accounting model.

"The path to adoption must be well planned and thought for what is advisable do not take these decisions in isolation. The operation of your business is likely to be affected by the new conception of IFRS so it is necessary to involve all staff and not just those responsible for accounting processing. Managers and financial directors, accountants and accountants, tax advisors, auditors, tax examiners, system managers and, of course, consultants recognized and experienced in implementing IFRS should participate, "adds Pablo Enrique Otoya, Siesa's Commercial Vice President.


Since the issuance of Law 1314 of July 13, 2009, the national government took action defining the framework under which Colombia will regulate the principles and rules of accounting and financial information and information assurance, which until then and since 1993

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