IFRS e probabilidade de republicação: um estudo das empresas brasileiras listadas na Bovespa

Soares, Cosmeilson Rodrigues; Motoki, Fábio Yoshio Suguri; Monte-mor, Danilo Soares

doi:10.16930/2237-7662/rccc.v17n52.2694

Cited by 7 publications

(10 citation statements)

References 54 publications

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“…The relevance of the theme to further advances and directed discussions is also justified, as it is indicated denoted as something seldom exposed in the literature when dealing with the quality of information, mainly measured by the republishing of financial statements (Soares et al, 2018). In this sense, it is believed that this study will contribute to broaden the view of the relationship between CSR and the quality of information, considering the impact and consequences of these elements in Brazilian companies.…”

Section: Introductionmentioning

confidence: 81%

“…Republishing financial statements consists in the restatement of statements previously published with errors, whether qualitative or quantitative, as well as organizational frauds regarding the financial statements already disclosed (Benyoussef & Khan, 2017;Chiudini, Cunha, & Marques, 2018;He & Chiang, 2013). This instrument, presents itself as an indication of the poor quality of disclosed information (Akhigbe, Kudla, & Madura, 2005), and may impact investor decision-making (Soares, Motoki, & Monte-Mor, 2018), and signal distinct situations to the market, such as manipulating statements (Dechow, Ge, & Schrand, 2010;Marques, Amaral, Souza, Santos, & Belo, 2017). ]…”

Section: Introductionmentioning

confidence: 99%

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The influence of corporate social responsibility on the quality of accounting statements of Brazilian companies

Freire¹,

Filho²

2022

Rev. Cat. Cien. Cont.

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The interest in revealing and controlling disclosed information grows due to an increasingly demanding market that is aware of the need and effect of organizational actions. Thus, a descriptive survey was conducted with 300 companies listed on B3 in order to investigate the influence of Corporate Social Responsibility (CSR) on the quality of financial statements of Brazilian companies, treating data by applying descriptive statistics, test of difference between means, correlation, and logistic regression. We analyzed the Corporate Social Responsibility (CSR) measured by the general metric CSRHub, and the quality of information represented by the republishing of their financial statements, considering that this parameter signals low quality of the information initially disclosed. The results showed that there are statistically significant differences in the CSR concerning the companies that republish their financial statements compared to those that do not, denoting that their tends to be a higher investment in CSR in companies that do not republish their information. It was also found that the greater the CSR and the organizational size, the lower the republishing of the financial statements by the companies. Finally, it was found that the CSR negatively affects the republishing of the financial statements, presenting that the higher the CSR, the lower the probability of that the companies will republish the financial statements. Thus, companies with higher CSR levels are more likely to increase the care with the information disclosed, therefore denoting higher quality of accounting information. Thus, the hypothesis of this study that companies with higher CSR practices disclose higher quality financial statements was accepted.

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Section: Introductionmentioning

confidence: 81%

Section: Introductionmentioning

confidence: 99%

The influence of corporate social responsibility on the quality of accounting statements of Brazilian companies

Freire¹,

Filho²

2022

Rev. Cat. Cien. Cont.

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“…Como variáveis independentes, tem-se o gerenciamento de resultados por meio da manipulação por accruals discricionários, modelo Jones Modificado proposto por Dechow et al (1995) e por meio da manipulação das atividades operacionais, ou manipulação por atividades reais (Roychowdhury, 2006 Por sua vez, são consideradas as seguintes variáveis de controle, também adotadas em estudos anteriores: tamanho da empresa (TAM), calculado pelo logaritmo natural do Ativo (Abad et al, 2018;Grecco, 2013;Soares, Motoki, & Monte-Mor, 2018); rentabilidade (REN), obtida pela razão entre o lucro antes de itens extraordinários e o Patrimônio Líquido (Abad et al, 2018;Barros et al, 2014;Cunha et al, 2017;Soares et al, 2018); endividamento (END), determinado pela razão entre as dívidas totais e o Ativo (Cunha et al, 2017;Grecco, 2013;Soares et al, 2018); crescimento de vendas (CRES), representado pela variação proporcional da receita de vendas (Barros et al, 2014;Cunha et al, 2017;Góis & Soares, 2019); e (v) market-to-book (MTB), representado pela razão entre valor de mercado e Patrimônio Líquido (Ahmed & Goodwin, 2007;Góis & Soares, 2019).…”

Section: Metodologiaunclassified

Gerenciamento de resultados e republicação de demonstrações contábeis em empresas listadas na B3

Luca

Viana

Sousa

et al. 2020

Race

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As informações divulgadas nas demonstrações contábeis impactam diretamente no processo decisório dos stakeholders. Nesse contexto, busca-se confirmar se as empresas que gerenciam resultados têm maior propensão a republicar suas demonstrações contábeis. O objetivo deste estudo é investigar as relações entre o gerenciamento de resultados e a republicação das demonstrações contábeis nas companhias listadas na B3—Brasil, Bolsa, Balcão. A amostra da pesquisa reúne 154 empresas e 201 casos de republicação de demonstrações contábeis entre 2011 e 2017. Para análise dos dados, foram aplicadas técnicas de análise de conteúdo, estatística descritiva, análise de correlação e regressão logística. Os resultados apontam para uma relação entre a republicação de demonstrações contábeis e a prática de gerenciamento de resultados por accruals discricionários, não se rejeitando a hipótese do estudo. Verificou-se, ainda, uma elevada proporção de republicações voluntárias, sugerindo que as empresas são propícias a adotarem esse procedimento com a finalidade de prover para os usuários uma maior qualidade das informações contábeis.

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“…Regarding the possible determinants of the restatement SFS, Marques et al (2017) and Soares et al (2018) observed the relationship of the restatement with loss, size of the company, audit by Big Four, growth rate and adoption of IFRS. In addition, in line with the possible causes of restatement, Stanley and DeZoort (2007) noted that there is a negative relationship between audit specialization, auditors' fees and financial updates, which is consistent with the initial concerns of the authors about the reduction of audit quality due to lack of specific customer knowledge and low audit rates in new audit commitments.…”

Section: Main National and International Surveysmentioning

confidence: 99%

“…In Brazil, research related to this line of study observed: a) that the main causes for restatement from 2001 to 2004 are problems involving insufficient evidence of relevant information, financial instruments and deferred tax assets and liabilities (Murcia & Carvalho, 2007); b) that the market does not react to the restatement (Helou Netto & Pereira, 2010); c) which cases of restatements were determined by the CVM (Dantas et al, 2011); d) the influence of restatements on results management (Cunha, Fernandes, & Magro, 2017); e) of which size and growth rate of Big Size-audited companies with IFRS adoption are more likely to be restatement (Marques, Amaral, Souza, Santos, & Belo, 2017); f) that the adoption of IFRS can reduce the possibility of restatement (Soares, Motoki, & Monte-Mor, 2018) and g) that there is a relationship between the restatement and the delay in the disclosure of SFS to the market (Chiudini, Cunha, & Marques, 2018).…”

Section: Introductionmentioning

confidence: 99%

Determinants of Restatements in Financial Statements of Brazilian Publicly Traded Companies

Huang¹,

Nardi²

2020

CGG

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Objective: Under the context of the importance accounting information quality for its users, this study aimed to point out possible determinants for the Standardized Financial Statements (SFS) restatement of Brazilian publicly traded companies. Method: From 2010 to 2016, we used correlation test, mean difference test and logistic regression with panel data. Originality/Relevance: The study opportunity considered the existence of contradictory results in national and international studies, which present not recent temporal analysis, observation of too few determinants concomitantly, and methods of descriptive character for analysis. Results: The results showed that the main determinants of the restatement of SFS are: being audit by Big Four; companies with debt; audit rotation; industry; size and tenure. It was also found that older companies have lower chances of restatement. There are indications of a negative relationship between restatement and the issuance of ADRs, but positive with the listing at the differentiated levels of corporate governance. Theoretical/Methodological contributions: In general, it was observed that the possible controls that might be adopted by companies to reduce conflicts of interest, information asymmetry and agency costs are not presented as able of preventing the restatement of SFS. These findings help in the indication of variables that can be included in valuation, so that the market can incorporate in its estimates factors that indicate companies more likely to restatement, therefore with uncertainty in the reliability of their results disclosed, and also assist in monitoring policies by regulatory bodies regarding the restatement of SFS.

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IFRS e probabilidade de republicação: um estudo das empresas brasileiras listadas na Bovespa

Cited by 7 publications

References 54 publications

The influence of corporate social responsibility on the quality of accounting statements of Brazilian companies

The influence of corporate social responsibility on the quality of accounting statements of Brazilian companies

Gerenciamento de resultados e republicação de demonstrações contábeis em empresas listadas na B3

Determinants of Restatements in Financial Statements of Brazilian Publicly Traded Companies

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