Impacto contable - tributario de la NIIF 9 en la cartera de créditos de los fondos complementarios previsionales cerrados del Ecuador, 2019.

Abstract

The Closed Complementary Pension Funds (FCPC) are non-profit entities in charge of solving the social security needs unsatisfied by public social security, so they must be profitable and sustainable over time to guarantee a decent retirement to their participants. The relevant documentation is developed through descriptive research, applying both theoretical and empirical scientific methods to determine the advantages offered by international financial reporting standards to this type of institution. The FCPCs are characterized by being parallel to the social security provided by the Ecuadorian Social Security Institute (IESS), formed at the initiative of its members protected by article 34 of the Ecuadorian Constitution; Its purpose is to improve the conditions of retirement upon retirement, to have a pension attached to the monthly payment of the public system, to grant financial services such as pledge, unsecured and mortgage loans in accordance with its statutes and competent regulations. The problem is the lack of knowledge about the accounting and tax impact of International Financial Reporting Standards (IFRS 9) in the credit portfolio of closed pension funds; especially, in the use of financial instruments to estimate credit risk, depreciation of fixed assets, criteria to measure profitability and administrative flexibility. State regulatory and control agencies apply national standards that are designed for for-profit entities with the intention of maximizing tax collection and taxes, being not very flexible for FCPCs. In the results, it can be seen that the application of IFRS 9 in the loan portfolio represents an improvement in terms of liquidity, reserve assets, liabilities and return on investments. By calculating its value based on the reasonableness of the balance; It allows adjusting interest rates, accruing operating expenses, venturing into new markets and adjusting benefits based on the number of participants and inducing new members by streamlining their financial instruments in parallel with the mechanisms used by the Superintendency of Banks.