The purpose of this paper is to determine the effects of the adoption of international financial reporting standards in an auto parts trading company. What the research intends is to define the parameters and procedures that must be followed to implement the new accounting guidelines in Colombia. The International Financial Reporting Standards are part of the set of accounting standards with the greatest acceptance worldwide. New information technologies and the development of communication have facilitated the expansion of this in the different financial markets of the world. The transformation required by the uniformity of financial reporting standards requires the implementation of short and long-term measures that contribute to and facilitate the adoption of such frameworks. The purpose of this paper is to show the impact of the adoption of international financial reporting standards in Colombia, through a case study in a company that sells auto parts.