TIMELINE OF THE FISCAL REVIEW

Article 1 This standard, which is considered the point of

Article 41 To practice or renew the partial registration of what we know today as states
Establishes the liability of public limited companies, other than certified financiers.
Fiscal auditor before the The appointment of the fiscal auditor banks or insurance companies in the The superintendence of
shareholders had to carry out the general assembly, public registry of commerce was a requirement of companies, which
of shareholders. that the documents presented to this The superintendence of companies requires within the documents
entity, a reviewer appears that the balances sent to him were required from the companies
prosecutor, with his respective substitute, appointed signed by the manager's signatures, the anonymous person is a
They create the superintendence of The functions were established by the general assembly of shareholders. secretary, the fiscal auditor, and the attestation accountant of the fiscal auditor.
Anonymous Societies. that the company's reviewers had to comply with.
taxes in companies.

Law 58 of 1931 Law 73 promulgated 1935 Decree 1946 in 1936 Decree 18 in 1939 30 of 1940

1950 Decree 2521 Law 145 of 1960 1961 Decree 1651 1971 Decree 410 1972 Decree Law 410 1973 Decree 2073

Article 207
Regulates all legislation Repealed decree 2373 of 1956 Penalty of cancellation of the A new code was implemented
that existed relating to companies Regulate the profession of the sworn accountant professional registration of commerce, repealing provisions
public and former accountants on commercial companies,
tax inspection. Registered and public accountant. who act as reviewers such as law 58, law 73, and decree 2521.
prosecutors, who authorize or intervene
Article 134 in the preparation of declarations
Every public limited company is public. inaccurate income.
It will necessarily have a reviewer This code imposed the tax audit
prosecutor with his respective deputy. mandatory only for companies
by shares.

Article 135

Appointments of the fiscal auditor and

his substitute must be registered in the Fiscal Auditor Functions The presence of the
chamber of commerce, based on the tax audit within
minutes of the general meeting. community companies.
 It will be the obligation of the tax auditors
signing tax returns
Reformed some sanctions to be imposed on accountants on sales when they present a balance
In case of inaccuracy in tax returns. in favor.

By which the
post education institutions The reviewer's signature is required Confirmed the obligation of the reviewer's signature will be required
secondary to install in their tax statutes in the declarations of tax auditors to certify tax in the declarations of
the figure of the fiscal auditor. income and complementary. bimonthly payments of income tax, income, assets,
A sales disqualification regime was created. of sales and retentions
especially for the source's tax auditors.
family compensation funds.

1980 Decree 80 1981 Decree 2463 1983 Decree 3410 1983 Law 9 1983 Decree 3541 1984 Decree 3139 1987 Decree 2503

1990 Law 45 1990 Law 43 1993 External Circular 042 1993 Law 100 1994 2009 Law 1314 2015 Decree 0302

through which
Regulates Law 1314 of 2009

Any supervised institution Through the circular the Pronouncement of the Technical Council
By the superbancaria, or banking superintendence, it had the Public Accounting Office.
superintendence of securities a special content for the opinions
must have the presence or internal reports of the fiscal auditor.
of a tax auditor.

By which the principles are regulated

Through which it is reformed For those promoting entities and accounting and information standards
the statute of the accounting profession. and providers of financial health and information assurance services
Catalog to the tax audit as the tax audit became mandatory. accepted in Colombia.
science related activity
Accountant in general. ART 2: This decree must be
Mandatory applied by
tax auditors who provide
its services to group 2 entities
that has more than 30,000 SMMLV of
active or more than 200 workers.