RESTATEMENTS OF FINANCIAL REPORTS DETERMINED BY THE CVM: THE ROLE OF THE INDEPENDENT AUDITORS

Detalhes bibliográficos
Autor(a) principal: Dantas, José Alves
Data de Publicação: 2011
Outros Autores: Chaves, Simone Teixeira, Silva, Michela Rodrigues, Carvalho, Roberto Pires
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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spelling 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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