• Register
Return to: Home > News > Standards > Brazilian profession travels to Argentina to strengthen IFRS in the region

Brazilian profession travels to Argentina to strengthen IFRS in the region

In a two day meeting held in Buenos Aires, The Federal Accounting Council (CFC) president Jose Martonio Alves Coelho met with his Argentinian counterpart and with the Group of Latin-American Accounting Standard Setters (GLENIF) in an effort to further enhance the use of IFRS in Latin America.

Coelho first met with GLENIF president Jorge José Gil in an effort to increase Brazil's participation in the group and improve its performance.

"We reached the conclusion that we need to create a strong technical base in the GLENIF," Coelho said after the meeting before adding that accounting bodies in Latin America need a greater integration in order for the GLENIF to participate more actively in the decisions of the International Accounting Standards Board (IASB).

Coelho also met with the Argentinian Federation of Professional Councils of Economic Sciences (FACPCE) president Ramón Nicastro and its vice president Silvia Beatriz Lemos. Also present in the meeting was Interamerican Accounting Association (AIC) vice-president of professional development Edgardo Fernández.

The three organisations discussed joint actions between Brazil and Argentina to develop the Latin American profession. They've also agreed on the necessity of a greater integration of Latin American countries in order to strengthen the GLENIF and AIC.

The protagonists agreed to meet again next April in Brasilia with the Latin American board of the IASB and the members of the Brazilian Institute of Independent Auditors (IBRACON). It was agreed that during that meeting the GLENIF will present a report of activities.

CFC = Conselho Federal de Contabilidade
GLENIF = Grupo Latinoamericano de Emisores de Información Financiera
FACPCE = Federação Argentina de Conselhos Profissionais de Ciências Econômicas
AIC = Associação Interamericana de Contabilidade
IBRACON = Instituto Brasileiro de Auditores Independentes do Brasil

Related link:

Round table: Latin American profession dances to its own tune


Top Content

    Addressing tax challenges and the digitisation of the economy

    As the economy becomes even more globalised through digital sources, the tax systems currently in place need to be scrutinised to examine whether they are still fit for current and emerging business models. Joe Pickard reports on the OECD’s approach to this issue.

    read more

    Primary financial statements: a game changer in reporting?

    International Accounting Standards Board chair Hans Hoogervorst delivered a speech at the Seminario International sobre NIIF y NIF, organised by the Consejo Mexicano de Normas de Información Financiera in Mexico. The Accountant presents the highlights.

    read more

    FASB readies standards for the netflix generation

    The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. Jonathan Minter reports.

    read more

    Brexit: why it takes two to tango

    Former TA editor Vincent Huck, now editor of Insurance Asset Risk, looks at why Brexit might unleash geopolitical intrigue in Europe’s accounting standard-setting scene – and why IFRS 17 will be an incredible source of opportunity for firms in the coming years.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.