In Peru, The Peruvian Business Corporation Act (LGS) establishes that the financial statements of companies incorporated in Peru must follow the general accounting principles accepted in Peru and standards issued by the International Financial Reporting Standards Board (IFRSB) including the IFRS, IFRIC, and IAS, and the specific provisions approved for particular businesses. Proper accounting records are to be maintained by all the companies.
YourGlobalPro professionals can assist you with the entire bookkeeping and accounting services for your Peru Business Setup as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.
The Banks, insurance and listed companies on the Lima Stock Exchange are required to have the financial statement mandatorily audited by an independent public accountant.
Based on the size of the business – the companies are required to prepare and file financial statements with the Authority. YourGlobalPro professionals provide auditing services as required by your business.
The Central Reserve Bank of Peru is the central Bank of Peru – that regulates the other Bank in the country. The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening. The major banks in Peru are Banco de la Nacion, BBVA Continental, Citibank Peru, HSBC, Interbank and Scotiabank. All banks are stable, reliable and offer the same level of services.
YourGlobalPro professionals can facilitate all the paper work in relation to banking need and can assist you in opening bank account for your business plan in Peru.