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Accounting and accounting rules in Peru

Accounting Rules

Tax Year
The fiscal year begins on 1 January and ends on 31 December of the same year.
Accounting Standards
Accounting Regulation Bodies
National Directorate of Public Accounting
Accounting Reports
As the structure of accounts is inspired by various models, it is difficult to establish a precise plan of their presentation. Nevertheless, companies have to publish a balance sheet, a profit and loss account and annexes which should be guaranteed by an independent auditor.
Publication Requirements
Accounting must be kept in accordance with current standards and financial statements must be prepared annually.
Professional Accountancy Bodies
National Directorate of Public Accounting
Certification and Auditing
The certification of accounts became compulsory in Peru in 1974, with the creation of the "Comision Nacional de Empresas y Valores". Annual audits by independent public accountants are mandatory in certain circumstances (when the corporation qualifies as a public corporation, when established by special legislation, etc.).
Several companies certified by the Technical Regulation Commission of INDECOPI are authorized to issue a certificate of conformity with Peruvian standards. These companies are the following: INASA, SGS del Peru, BSI Inspectorate Peru, EQUAS S.A. and SG Nortek.
You can contact an external auditor:Deloitte, KPMG, Ernst & Young, PricewaterhouseCoopers.
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Latest Update: May 2024