Comptabilitat a l'Argentina

Accounting Rules

Tax Year

The tax year begins on 1 January and finishes on 31 December of the same year.

Accounting Standards

Accounting standards are developed by a national professional body, the Argentine Federation of Professional Council in Economic Sciences (FACPCE). The Central Bank and the National Insurance Superintendency supplement the professional accounting standards with rules designed specifically for entities under their control. Certain rules of these two regulators may give rise to material departures from the accounting standards.
Currently, financial entities are moving to IFRS, in accordance with a decision of the Central Bank that requires the full application of IFRS by 2018.

Accounting Regulation Bodies

Contaduria General de la Nación (Argentine Accountant General)
Federación Argentina de Consejos Profesionales de Ciencias Economicas (Argentine Federation of Professional Councils of Economic Sciences)

Accounting Reports

All commercial companies in Argentina have to draw up certain accounting documents yearly, including the journal, ledger and a follow up of stock evaluation.

Companies are obligated to draw up a balance sheet and a profit and loss account and to submit the documents annually for approval by auditors (from within or outside of the company).

Publication Requirements

Annual financial statements and an auditor’s opinion must be submitted.

Public companies must file interim and annual financial statements with the National Securities Commission and the Buenos Aires Stock Exchange, respectively. The quarterly and annual filings must include consolidated and separate financial statements allowing comparison with the previous year or period.

A private company files its annual financial statements with the Corporate Inspection Department (Inspección General de Justicia) of the relevant jurisdiction.

Professional Accountancy Bodies

Professional Council of Economic Sciences , Accounting Professionals
Argentine Federation of Professional Councils of Economic Sciences , Advisory Professionals

Certification and Auditing

Companies must seek a statutory auditor to conduct an annual audit of the financial health of their organisation. Some examples include KPMG, Deloitte, and PriceWaterhouseCoopers.

Accounting News