Estudio de la transición de NIIF Completas a NIIF Pymes y de NIIF Pymes a NIIF Completas en las empresas de la ciudad de Cuenca conforme a la Resolución N°SCVS-INC-DNCDN-2019-0009

Abstract

The objective of this article is to analyze the transition from Full IFRS to IFRS for SMEs and from IFRS for SMEs to Full IFRS in the companies of the city of Cuenca, according to Resolution N°SCVS-INC-DNCDN-2019-0009. A descriptive analysis of the main differences between Full IFRS and IFRS for SMEs was carried out, as well as a review of the notes to the financial statements of 114 companies in the city and the application of interviews to experts in IFRS transition. The results revealed that the notes to the financial statements of the companies analyzed do not comply with the requirements established in IAS 1 and section 3. In addition, at the time of the transition process, the control body defined the application of Full IFRS and IFRS SMEs according to the level of assets and gross income including a group of companies that are not in the stock market, contrary to the International Standard. For this reason, the control body issued resolution No. SCVS-INC-DNCDN-2019-0009.