THE IMPACTS OF IFRS ADOPTION ON DISCRETIONARY ACCRUALS AND ON EARNINGS MANAGEMENT RESEARCH IN BRAZIL

• Autor(a) principal: Cardoso, Ricardo Lopes
• Data de Publicação: 2015
• Outros Autores: Souza, Flavio Sergio Rezende Nunes de, Dantas, Manuela Moura
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Universo Contábil
• Texto Completo: https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/4161
• topic: IFRS; earnings management; discretionary accruals; accounting policy.; NIIF; manipulación de beneficios; ajustes por devengo discrecional; las políticas contables.; IFRS; gerenciamento de resultados; acumulação discricionária; políticas contábeis.

The full adoption of IFRS by Brazilian listed companies since the period ended on 31 December 2010 was responsible for a lack of comparability in financial statements. One of the consequences of that was the discontinuity in time series used in earnings management research in Brazil. This paper investigates, on a sample of 235 Brazilian listed companies from sectors different from the financial and insurance sectors, if IFRS adoption impacts on discretionary accruals measured by the modified Jones model for financial statement prepared in accordance with both set of accounting policies (old BRGAAP and IFRS) for the period ended on 31 December 2009, in regard to the same group of firms. Results show that discretionary accruals calculated for both set of financial statements are statistically different. Therefore, we present empirical evidences that it is not methodologically appropriated to measure discretionary accruals for a sample that comprises accounting data from pre- and post-IFRS periods.