Every December 17th is celebrated as Auditors’ Day in Argentina.a date that recognizes a key profession for the functioning of the economy and organizations.
The origin of this commemoration is associated with the publication of a fundamental work in the history of modern accounting, which laid the foundation for the methods still used today.
The date commemorates the book’s publication on December 17, 1494 Sum of arithmetic, geometry, proportion and proportionality, written by Luca Pacioli.
In this work, published during the Renaissance, the author systematically explained the double entry method the “debit” and the “have”. This system It changed the way commercial operations were recorded and made it possible to organize economic activities.
Pacioli, Franciscan monk and Italian mathematician, is considered the father of accounting for his theoretical and practical contributions. Their work spanned centuries, helping merchants and organizations Better understand financial flowsCurrency conversion and pricing, which made it a central reference of the discipline.
Before his contributions, commercial accounting was rudimentary and limited to checking the availability of money. As trade in Italian cities expanded and more complex operations emerged, the need to keep more orderly and accurate records arose.
In this context, Pacioli formulated the principle of double entry, based on the balance between income and expenseswhere every debit has its corresponding credit, thereby laying down the foundations of modern accounting.
The Auditors’ Day not only recognizes this historical heritagebut also the development of the professional role.
Today, accountants fulfill one strategic function in a scenario characterized by technological changes, new regulations and digitalization processes, bringing transparency, planning and trust to the country’s economic development.
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