APEC Economy: Peru

Accountancy Services – General background

In Peru, provision of accountancy services requires a license from both a regulatory body and one of the 25 regional accounting bodies.

Provision all accountancy services requires a license from both a regulatory body: and one of the 25 regional accounting bodies.

Licensing Requirements

The contact details of the organisation that control the licensing of accountants and the applicable regulations to licensing in this economy are as follows:

Organisation:

Colegio de Contadores Publicos de Lima [Note: only for Lima Region]

Contact Name:

Rosario Ugarte

Address:

Jr. Natalio Sánchez 220 Of 1004 Jesus María

City/Town:

Lima

ZIP/ Postcode:

L-11

Email address:

consultas@ccpl.org.pe

Phone number:

(511) 6189292

Website:

http://www.ccpl.org.pe/

Licensing of Foreign Nationals

A foreign accountant can obtain a license to provide limited accountancy services in this economy.

There are specific restrictions or requirements relating to education and experience (other than nationality or residency) that limit the ability of foreign nationals or residents to become fully licensed local accountants in this economy. The minimum level of education is a diploma recognized by the National Assambly of Rectors (Asamblea Nacional de Rectores).

LOCAL Requirements:

FOREIGN Requirements

Article 1 of Law 28951 establishes that Diplomas granted in foreign countries are recognized according to Law. As specified above, the law for recognition of diplomas determines to way for the recognition. An automatic way with countries that have an MRA (for all the professions) with Peru, and the other way is to validate its studies. The National Assembly of Rectors on a case by case basis determines how much time the professional would spend in a national university to validate its studies.

The relevant legislation are as follows:

Political Constutution of Peru, Article 20 Law 13253 Law 28951 Supreme Decree N° 028 Other institutional regulation of each accounting board. The rules are available only in spanish in the following link: http://www.ccpl.org.pe/ni_dnormativos.php

Limited Licence

A foreign accountant cannot obtain a limited licence to provide accountancy services in this economy.

Professional Accounting Bodies

A separate license is required from one of the 25 regional accounting bodies in order to provide professional accountancy services in this economy.

The peak professional association in this economy is:

Organisation:

Junta de Decanos de los Colegios de Contadores del Peru

Contact Name:

Rosario Ugarte

Address:

Jr. Natalio Sánchez 220 Of 1004 Jesus María

City/Town:

Lima

ZIP/ Postcode:

L-11

Economy:

Peru

Email address:

consultas@ccpl.org.pe

Phone number:

(511) 6189292

Website:

www.ccpl.org.pe

Levels of membership:

 Full member

Eligibility to other bodies in the APEC economies

Chili, china, Mexico & Russia

Alliance, MRAs & MOUs

Peru has MRAs for all the professions with the following countries: Argentina, Bulgaria, Bolivia, Colombia, Costa Rica, Cuba, Ecuador, El Salvador, Spain, Guatamala, Honduras, Hungary, Nicaragua, Panama, Pararguay, Romania, Venezuela, Holy Sea and Ukrania.

Temporary practice arrangements

There is an express rule allowing temporary practice in this economy.

Rules on firms and commercial association

In this economy:

Other regulatory issues

In this economy there are:

Additional information relevant to the Accounting profession

Foreign accountants can become members of local accounting bodies through mutual recognition agreements. However, in order to offer accountancy services as a principal it is necessary to also hold statutory licences.

Contact Details

No additional information is available.