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GAE 2012 Colombia
Country Characteristics of Colombia
Total population (millions)
45.7 (2013)
GDP per capita (USD)
Business language
Legal system
Economic position
10,700 (2012) (ranked 112 in the world)
Spanish
Civil law
Efficiency driven
Regional affiliations
CELAC, LAES, OAS, UNCTAD
Accountancy Profession in Colombia
Instituto Nacional de Contadores Públicos de Colombia (INCP)
IFAC membership
Full member
Affiliations
Interamerican Accounting Association (IAA)
Part I (2006), part II (2007), part III (2012)
IFAC compliance information
Qualification
Contador Público
Address
Carrera 7 No 156-68 Oficina 1703, Edificio North Point Torre III, Bogota,
Colombia
Tel: 6508999, Fax: 6508999 ext. 104
[email protected], www.incp.org.co (Spanish)
Recognition
There are no recognition agreements for accountants from Colombia with
comparable qualifications in other countries.
Accountancy Education in Colombia
Membership of INCP is voluntary. In Colombia, the only requirements to obtain the Public Accountant
certification are to complete undergraduate studies in a college where the curriculum for Public Accountancy is
approved and to prove at least one year of experience in general accounting activities. This experience could have
been obtained before or after the university degree, under the supervision of a certified accountant. The applicant
must have Colombian nationality, or be a foreigner with at least three years of legal residency in Colombia.
The INCP promotes the adoption of International Education Standards related to technical training, professional
experience and continuing education. The Central Board of Accountants issues a public accountancy license to
applicants who have successfully completed a university degree in accounting and gained one year of accountingrelated work. Although CPD is not mandatory, the INCP promotes the continuous education program for its
members and third parties. Besides INCP, there are a variety of institutions related to the accountancy profession
in Colombia.
Characteristics of Accountancy Education
Certification Requirements
Program of professional accountancy education
Providers of Professional
Universities and Colleges
Education
Responsibility for Education
Government
Requirements
Licensing Requirements for
Academic study
Auditors
Compliance with International Education Standards
Level of compliance with IES
Adoption
Implementation
High
Medium
Personal Development
High
High
Professional Accountancy Education
Low
Low
Professional Development
Low
Low
Competence for Audit Professional
Sub-Pillar Scores - Colombia
Personal Development
1,00
0,80
0,60
0,40
Competence for Audit
Professionals
0,20
0,00
Professional
Accountancy Education
Professional
Development
Adoption
Implementation