The Central Bank of Honduras tenders consultancy services for the implementation of an accounting framework for the Central Bank of Honduras, based on International Financial Reporting Standards.
Honduras Government Purchase CPublico No.02-2020:
"Some of the activities required for the consultancy:
-To carry out an analysis that identifies the gaps and asymmetries between the current accounting framework used by the BCH and what is established by IFRS.
If you’re an accountant, you are in one of the professions that will always stand the test of time. Accounting is one of the oldest professions dating back to thousands of years, and it is going to be relevant until money exists on the planet. Only, the approach and function of accounting have changed with time.
As accounting firms offer specialized nature of services, it becomes all more important to stay updated to the dynamics of the industry, and market at large. It won’t be long when accounting professionals and CPAs would find themselves amidst the unparalleled, fast-tracked, and dynamic change. A recent study has found that 85% accountants still have a lot of catching up to do with demands of the ever-evolving industry.
The Cabinet Council has approved sending a bill that creates the obligation to maintain accounting records for legal entities that do not have operations in Panama.
The bill submitted days ago by the Executive establishes penalties ranging from suspension of corporate rights to the dissolution of the company in cases where there is failure to comply with the payment of taxes and presentation of accounting information. The project also obliges companies to keep accounting records for registered companies, even if they do not have operations in the country.
A bill could change the rules of the profession of certified public accountants and external auditing services in the country.
Movimiento de Contadores Públicos Independientes (The Independent Accountants Movement) has called for the creation of a commission to discuss the bill which they say could harm practice of the profession.
The bill "seeks to repeal Act 57 of September 1, 1978 and with that change the rules of the profession of certified public accountants (CPA) and external auditing services in the country", reported Prensa.com.
Bridgestone's accounting operations in at least seven countries in Latin America will be managed from Costa Rica in its new Shared Services Center in San Jose.
A statement from the Costa Rican Coalition for Development Initiatives (CINDE) reads:
• Costa Rica was selected as the site for operations after a rigorous review process.
• Bridgestone becomes the second advanced manufacturing company and the first Japanese company in Costa Rica that has both real production operations as well as a center for high value-added services.
Most companies manage accounting systems in order to meet tax obligations, but few use systems that meet international standards.
A modern accounting system aligned with international standards is a key tool for financial or administrative decisions, said the president of Nicaraguan Association of Accountants, Freddy Solis Ibarra.
The expert says that accounting systems which do not comply with global standards are preventing public institutions from being able to access loans from international banks.