Accounting, Edition 46

Potential fraudsters: E-mails that reveal the possibility of fraud

Dirección Estratégica. La revista de negocios del ITAM. Edición 46By: Yanira Petrides
Instituto Tecnológico Autónomo de México

Esperanza Huerta and TerryAnn Glandon
The University of Texas at El Paso

Fraud committed by company employees is a growing concern among business owners and regulatory entities, given the steady increase in both the number and the scale of cases.1

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Accounting, Edition 46

Grupo Modelo: Analysis of the effects of transition to IFRS in 2012

By: Sandra Minaburo Villar
Director of Center of Accounting Studies
spmina@itam.mx

As most of us know, since 2012, publicly-traded companies in Mexico have been required to present their financial information in accordance with International Financial Reporting Standards (IFRS). This obligation was imposed by the National Banking and Securities Commission (CNBV) in its Press Bulletin number 56/2008, issued and published on November 11, 2008.

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Accounting, Edition 46

Is there a way to deal with the loss of comparability in financial information 
due to constant changes in accounting standards?

Dirección Estratégica. La revista de negocios del ITAM. Edición 46By: María Candelas

For some years now, financial information has undergone a number of changes in an effort to bring Mexican accounting standards into line with international practice. The process of creating a more transparent, objective and reliable set of standards that are useful for those who prepare and use financial information will take several years more, and standards must be constantly adapted to the new ways of doing business in the world.

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