The government of Dominican Republic needs professional services in auditing for 2019 and 2020 at the national level in the offices of the Agricultural Bank.
Dominican Republic Government Purchase BAGRICOLA-CCC-LPN-2021-0007:
"The Agricultural Bank of the Dominican Republic requires external audit services for 2019 and 2020.
The audit service will have a duration of 105 business days, to be performed in offices nationwide.
The Bank of Guatemala is putting out to tender a contract for services by an external audit firm to dictate and certify the institution's financial statements.
Guatemala Government Purchase 8075786:
"The contractor will issue and certify the financial statements of Banco de Guatemala, corresponding to the accounting periods ending December 31, 2019, 2020 and 2021.It will evaluate the internal control structure and verify the security and reliability of electronic information processes.
As part of the controls to combat smuggling, between May and July 29 companies were suspended from the list of importers, which represents 60% of the total volume of pairs of shoes entering the country.
In order to detect and prevent irregularities in the import of footwear, the General Administration of Federal Tax Audit Tax Administration Service of Mexico carried out 31 audits "...
The Ministry of Economy and Finance of Panama is putting out to tender auditing services for the management of funds and resources in 153 Communal Boards.
Panama Government Purchase 2014-0-16-0-08-AV-007385:
"PROCUREMENT OF AUDITING SERVICES REGARDING THE MANAGEMENT OF FUNDS AND COMMON RESOURCES IN 153 BOARDS, FOR THE PERIOD OF 5 YEARS COVERED FROM JULY 1ST 2009 TO JUNE 30TH 2014."
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.
A draft bill intends to update the regulation of the professions of external auditors and public accountants.
This was announced by Alberto Diamond, Superintendent of Banks in Panama, who along with the chief of Trade and Industry, Ricardo Quijano stressed the need to have an updated legal framework which includes the good practices applied around the world in this field.
An alternative solution to the perennial conflict of interest is paying for audits through a third party.
"Auditors are paid by the companies they audit, in the same way that rating agencies are paid by the companies they rate. That gives auditors an economic incentive to lie on behalf of their clients, even if it threatens their reputation. As the saying goes: Those who give the orders, pay", published Online.wsj.com.
The Tax Authority will investigate if companies who benefit from the Law of Incentives for Export and Maquila and from the Law on Free Zones, are correctly complying with all the requirements.
With this, the Superintendency of Tax Administration (SAT), aims to reduce fraud and tax evasion in the country. According to the Director of Customs, Filadelfo Reyes, they will follow up on 10,000 statements from the free zones and other places during the first half of 2013.
In the event that he wins the next presidential election, Juan Carlos Varela will have prepared for the audit of all the concessions granted during the Martinelli administration.
Editorial
The announcement of the main opposition candidate in the presidential elections in Panama in May 2014, the former Vice President Juan Carlos Varela, from the Partido Panameñista party, one of the most likely candidates to be elected, could mean a serious blow to the international perception of the country in terms of receiver of investment, putting a question mark on the legal certainty of the contracts signed by the state.
Before aquaculture products are able to enter the Chinese market, officials from the country will perform an audit of exporting establishments in this sector.
The purpose of the audit to be conducted at three establishments is to initiate the process of the opening up of the Chinese market for fisheries and aquaculture.
"The audit is based on an assessment of the health conditions of processing establishments for seafood and aquaculture, cultivation farms and the control exercised by the competent authority in the country, in this case, the National Animal Health Service (Senasa)", reported Elfinancierocr.com
In Costa Rica companies classified as Large National Taxpayers or Regional Companies must provide audited financial statements.
In an article in Elfinancierocr.com, Francisco Villalobos, director general of taxation, analyzes the resolution establishing the "obligation to submit audited financial statements by large taxpayers and territorial big business."
The country has not modernized the law regulating the profession of certified public accountants.
The current law hasn’t kept pace with developments over the last decade in accounting and auditing activities.
The Superintendent of Banks in Panama, Alberto Diamond, an auditor by profession, suggested to take advantage of the current process to reform the financial system to modernize Law Act No.