Accounting regulation is a subject of constant study in the global literature. Its frequent changes, potential approaches and, above all, the economic effects derived from its premises are the object of permanent work. This article was constructed based on the objective of evidencing the evolution and current situation on the global debate on the implementation of IFRS, considering the 2014-2018 period in the study literature and making some conjectures about the impacts of the implementation in the telecommunications sector In Colombia. The methodology used is the documentary analysis. The main findings show, for some jurisdictions, the improvement of the quality of the information and the notable decrease of privileged information due to the requirement in disclosures about the accounting figures. In addition, it is also proposed that regulatory changes can limit the earnings management by administrators.