RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORS
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Universo Contábil |
Texto Completo: | https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2002 |
Resumo: | With the purpose of finding elements which allow modeling average characteristics that explain the pattern of the events of financial reports restatements determined by the CVM, as well as, more specifically, to evaluate the independent auditors' role in such situation, a descriptive research was performed using technical procedures of documental nature, examining the 28 cases occurred between 2001 and 2009. The tests results showed: concentration of the cases in the second half of the period investigated; predominance of problems in the Quarterly Information (ITR), especially in the last years of the study; relatively uniform distribution of Financial Statements (DFP) restatement cases in the period; a larger number of cases related to financial statements audited by Deloitte Touche Tohmatsu; reasons alleged by the CVM for restatements are mainly in relation to inappropriate recognition and/or measurement of assets and liabilities and the deficiency or lack of disclosure in explanatory notes; the problems anticipation degree by independent auditors might be considered as relatively small - auditors issued qualified opinion in only about one quarter of the ITRs and half of DFPs. Regarding the reasons that led to restatements, just under half of the issues addressed by the CVM received qualified opinion by independent auditors. |
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RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORSDETERMINAÇÕES DE REFAZIMENTO/REPUBLICAÇÃO DE DEMONSTRAÇÕES FINANCEIRAS PELA CVM: O PAPEL DOS AUDITORES INDEPENDENTESRestatementFinancial statementsAuditAuditorsCVM.RefazimentoDemonstrações FinanceirasAuditoriaAuditoresCVM. With the purpose of finding elements which allow modeling average characteristics that explain the pattern of the events of financial reports restatements determined by the CVM, as well as, more specifically, to evaluate the independent auditors' role in such situation, a descriptive research was performed using technical procedures of documental nature, examining the 28 cases occurred between 2001 and 2009. The tests results showed: concentration of the cases in the second half of the period investigated; predominance of problems in the Quarterly Information (ITR), especially in the last years of the study; relatively uniform distribution of Financial Statements (DFP) restatement cases in the period; a larger number of cases related to financial statements audited by Deloitte Touche Tohmatsu; reasons alleged by the CVM for restatements are mainly in relation to inappropriate recognition and/or measurement of assets and liabilities and the deficiency or lack of disclosure in explanatory notes; the problems anticipation degree by independent auditors might be considered as relatively small - auditors issued qualified opinion in only about one quarter of the ITRs and half of DFPs. Regarding the reasons that led to restatements, just under half of the issues addressed by the CVM received qualified opinion by independent auditors. Com o fim de obter elementos que permitam a formulação de características médias que expliquem o padrão das ocorrências de refazimento/republicação de demonstrações financeiras, determinadas pela CVM, bem como, e mais especificamente, avaliar o papel desempenhado pelos auditores independentes nessas situações, foi realizada pesquisa descritiva com aplicação de procedimentos técnicos de natureza documental, examinando-se os 28 casos verificados entre 2001 e 2009. Os resultados dos testes demonstraram: concentração desses casos na segunda metade do período examinado; predominância de problemas nas ITRs, principalmente nos últimos exercícios; distribuição relativamente uniforme no período dos casos de refazimento das DFPs; maior número de questionamentos em relação a demonstrações auditadas pela Deloitte Touche Tohmatsu; os motivos alegados pela CVM para o refazimento concentram-se, essencialmente, em relação a impropriedades no reconhecimento e/ou mensuração de ativos e passivos e a deficiências ou ausência de disclosure em notas explicativas; o grau de antecipação dos problemas por parte dos auditores independentes pode ser considerado como relativamente pequeno - apenas em cerca de um quarto das ITRs e metade das DFPs foram emitidos parecer de auditoria com ressalva ou parágrafo de ênfase. Em relação aos motivos que deram origem às determinações de refazimento, pouco menos da metade das questões abordadas pela CVM tinham sido ressalvadas ou recebido ênfase pelos auditores independentes.Universidade Regional de Blumenau2011-06-29info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/200210.4270/ruc.20117Revista Universo Contábil; v. 7 n. 2 (2011); 45-641809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2002/1598Copyright (c) 2014 Revista Universo Contábilinfo:eu-repo/semantics/openAccessDantas, José AlvesChaves, Simone TeixeiraSilva, Michela RodriguesCarvalho, Roberto Pires2011-07-31T23:33:08Zoai:ojs.bu.furb.br:article/2002Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2011-07-31T23:33:08Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false |
dc.title.none.fl_str_mv |
RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORS DETERMINAÇÕES DE REFAZIMENTO/REPUBLICAÇÃO DE DEMONSTRAÇÕES FINANCEIRAS PELA CVM: O PAPEL DOS AUDITORES INDEPENDENTES |
title |
RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORS |
spellingShingle |
RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORS Dantas, José Alves Restatement Financial statements Audit Auditors CVM. Refazimento Demonstrações Financeiras Auditoria Auditores CVM. |
title_short |
RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORS |
title_full |
RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORS |
title_fullStr |
RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORS |
title_full_unstemmed |
RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORS |
title_sort |
RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORS |
author |
Dantas, José Alves |
author_facet |
Dantas, José Alves Chaves, Simone Teixeira Silva, Michela Rodrigues Carvalho, Roberto Pires |
author_role |
author |
author2 |
Chaves, Simone Teixeira Silva, Michela Rodrigues Carvalho, Roberto Pires |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Dantas, José Alves Chaves, Simone Teixeira Silva, Michela Rodrigues Carvalho, Roberto Pires |
dc.subject.por.fl_str_mv |
Restatement Financial statements Audit Auditors CVM. Refazimento Demonstrações Financeiras Auditoria Auditores CVM. |
topic |
Restatement Financial statements Audit Auditors CVM. Refazimento Demonstrações Financeiras Auditoria Auditores CVM. |
description |
With the purpose of finding elements which allow modeling average characteristics that explain the pattern of the events of financial reports restatements determined by the CVM, as well as, more specifically, to evaluate the independent auditors' role in such situation, a descriptive research was performed using technical procedures of documental nature, examining the 28 cases occurred between 2001 and 2009. The tests results showed: concentration of the cases in the second half of the period investigated; predominance of problems in the Quarterly Information (ITR), especially in the last years of the study; relatively uniform distribution of Financial Statements (DFP) restatement cases in the period; a larger number of cases related to financial statements audited by Deloitte Touche Tohmatsu; reasons alleged by the CVM for restatements are mainly in relation to inappropriate recognition and/or measurement of assets and liabilities and the deficiency or lack of disclosure in explanatory notes; the problems anticipation degree by independent auditors might be considered as relatively small - auditors issued qualified opinion in only about one quarter of the ITRs and half of DFPs. Regarding the reasons that led to restatements, just under half of the issues addressed by the CVM received qualified opinion by independent auditors. |
publishDate |
2011 |
dc.date.none.fl_str_mv |
2011-06-29 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2002 10.4270/ruc.20117 |
url |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2002 |
identifier_str_mv |
10.4270/ruc.20117 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2002/1598 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2014 Revista Universo Contábil info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2014 Revista Universo Contábil |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
dc.source.none.fl_str_mv |
Revista Universo Contábil; v. 7 n. 2 (2011); 45-64 1809-3337 1809-3337 reponame:Revista Universo Contábil instname:Universidade Regional de Blumenau (FURB) instacron:FURB |
instname_str |
Universidade Regional de Blumenau (FURB) |
instacron_str |
FURB |
institution |
FURB |
reponame_str |
Revista Universo Contábil |
collection |
Revista Universo Contábil |
repository.name.fl_str_mv |
Revista Universo Contábil - Universidade Regional de Blumenau (FURB) |
repository.mail.fl_str_mv |
||universocontabil@furb.br |
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1798945115800076288 |