Contabilidade e regras contábeis na Guatemala

Accounting Rules

Tax Year

The fiscal year coincides with the calendar year.

Accounting Standards

From January 1st, 2008, Guatemala adopted the IAS - International Accounting Standards and IFRS - International Financial Reporting Standards.  To view these standards, see the IASB website: International Accounting Standards Board - IASB.

Accounting Regulation Bodies

Congress of the Republic of Guatemala

Accounting Reports

All companies have to provide an annual report in Spanish and publish their balance sheet and profit and loss statements in the Official Gazette. For more information consult the document on accounting in Guatemala:  Hispanic-American Commission (Spanish only).

Publication Requirements

The company's balance sheets have to be published each year. It is advisable to have an accounting system that is clear and wholly translated into Spanish. It has to be noted that it is difficult to get information on Guatemalan companies as there are very few published balance sheets.

Professional Accountancy Bodies

Institute of Public Accountants and Auditors of Guatemala , (Spanish only)
Guatemalan Association of Public Accountants and Auditors , (Spanish only)
List of audit firms , (Spanish only)

Certification and Auditing

Audited financial statements must be filed annually. You can contact an external auditor: Deloitte, KPMG, Ernst & Young, PricewaterhouseCoopers.  See also list of audit firms in the Yellow Pages (Spanish only).

Accounting News