THE ENVIRONMENTAL CONTINGENCIES OF FOREIGN COMPANIES THAT PUBLISH THEIR FINANCIAL STATEMENTS ON IFRS IN U.S. MARKET

• Autor(a) principal: Demarche Minatti Ferreira, Denize
• Data de Publicação: 2014
• Outros Autores: Borba, José Alonso, Aguiar da Rosa, Carolina
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Universo Contábil
• Texto Completo: https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/3863
• topic: Sustainability; environmental contingencies; provisions.; sostenibilidad; contingencias ambientales; las provisiones.; Sustentabilidade; Contingências Ambientais; Provisões

The issues related to environment and sustainability on environmental accounting area have motivated the interest of academic community and companies. The theory of disclosure that is based on empirical evidence and standards of analysis provides theoretical support for this article. This research aimed to identify the significance of the values of contingent liabilities and environmental provisions evidenced by companies that trade their shares on the New York Stock Exchange - NYSE. To identify how the contingent liabilities represent financially to sample firms, we calculated the factor of significance from the following methodology: division between environmental contingencies and provisions to net income. Among the main results, regarding to the impact that contingencies would cause on net income reduction, it is observed that 17% of companies would  have their profits reduced by more than half  or even would have losses. Furthermore, about three quarters of companies have up to 10% significance compared to net income, inferring that the relevance of environmental contingencies for most companies is low when related to their net income (profit).