Contenido del informe de avance del proyecto. Efectos del concepto de valor razonable en las entidades públicas en Colombia

Abstract

The project Effects of the concept of fair value in public entities in Colombia aims to make a conceptual approach to fair value taking reference to the academic and regulatory advances in this area, later a multi-purpose study will be carried out, which aims to demonstrate the effects of the application of fair value in public entities, in order to execute the foregoing, it is planned to analyze three types of entities: i) Companies that are listed on the stock market, or that capture or manage savings from the public; ii) companies that are not listed on the stock market, and that do not capture or manage savings from the public, and iii) government entities. It was decided to carry out the multicase study in accordance with the three public accounting normative models in Colombia, the analysis involves from the documentary review of the fair value application process to in-depth interviews with executives or accountants of each of the entities. The project starts from the hypothesis that the application of fair value in these entities presents measurement difficulties, high costs and, in addition, generates financial impacts, it is developed from a mainly qualitative focus; However, in order to comply with the proposed objectives, part of the analysis takes as reference the quantitative financial information of the entities for which it is mixed.