Guidelines for setting up a public accounting and auditing firm

Abstract

The research is about the need to understand the importance of knowing the various steps to legalize the constitution of a public accounting firm in El Salvador, whether as a natural or legal person, key knowledge for any public accountant wishing to become independent.
This is an aspect that was demonstrable in the field work carried out. In addition, emphasis is placed on compliance with technical regulations as a basis for providing a better professional service. In the same way, compliance with legal and ethical regulations, since this adds value to the client.
In the study, a historical outline is made to understand the evolution of public accounting in El Salvador, observing how public accounting has evolved as a liberal profession.
The final product is a guide to comply with tax, mercantile, provisional and technical obligations for the constitution of a public accounting and auditing firm in El Salvador. It explains in detail the steps to follow and, in addition, we develop a case of practical application.