Impactos do início da harmonização contábil internacional (Lei 11.638/07) nos resultados de 2008 das empresas brasileiras abertas

• Autor(a) principal: Santos, Edilene Santana
• Data de Publicação: 2010
• Tipo de documento: Relatório
• Idioma: por
• Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
• Texto Completo: http://hdl.handle.net/10438/13371
• topic: Harmonização internacional; IFRS; Lei 11.638; Administração de empresas; Finanças; Empresas brasileiras

This study analyses the effects of the first phase in the transition to IFRS in Brazil (Law 11.638/07 and CPC 13) on results of corporations listed in Bovespa, published in 2009 (fiscal year 2008 and republication of 2007). It applies Gray’s (1980, 1988) 'Index of Conservatism', renamed 'Comparability Index' by Weetman et al. (1998), for determining if and how much results, reported according to the new norms, are higher than according to the prior norm – thus indicating the conservatism of the Brazilian accounting system, as predicted by Gray and other studies – or lower, thus indicating optimism. The initial sample was reduced according to compliance with CPC 13 and transparence of financial statements and explanatory notes. After applying Wilcoxon’s test, it was possible to verify higher average results by the new norm in relation to the traditional norm – thus to somehow foresee that such increases should persist until the adoption of the full IFRS in 2010. After examining individual adjustments to income, certain inconsistencies between 2007 and 2008 could be related to impacts from the financial crisis of 2008 in the adjustments 'transaction costs of securities emissions' and 'fair value (mark to market) of financial instruments'.