Financial restatement trends in Brazil from 1997-2012
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Outros Autores: | , , , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Contabilidade, Gestão e Governança |
Texto Completo: | https://revistacgg.org/index.php/contabil/article/view/1054 |
Resumo: | This study analyzes the characteristics of the financial restatements issued by Brazilian companies listed on the BM&FBovespa stock exchange from 1997 through 2012. The study, descriptive in nature, employed a mixed, qualitative and quantitative approach in which data from 5608 financial statements and audit reports were analyzed using content analysis and descriptive statistics. The results evidenced that on average 25% of financial statements are republished. Only 17% of these restatements, however, are of the mandatory type and only 8.40% involve quantitative changes to the original financial statements. An increasing tendency to issue restatements was identified, accompanying the increase in the number of listed companies. However, 77.13% of the total restatements issued during the period involved qualitative data changes. This study contributes to the literature on the topic, revealing the movement undergone with respect to financial restatements during a period in which relevant changes were experienced in the regulatory environment, in particular the promulgation of the Sarbanes-Oxley Act (SOX) and the adoption of International Standards (IFRS). |
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Contabilidade, Gestão e Governança |
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Financial restatement trends in Brazil from 1997-2012Financial restatementAuditBig 4Regulation.This study analyzes the characteristics of the financial restatements issued by Brazilian companies listed on the BM&FBovespa stock exchange from 1997 through 2012. The study, descriptive in nature, employed a mixed, qualitative and quantitative approach in which data from 5608 financial statements and audit reports were analyzed using content analysis and descriptive statistics. The results evidenced that on average 25% of financial statements are republished. Only 17% of these restatements, however, are of the mandatory type and only 8.40% involve quantitative changes to the original financial statements. An increasing tendency to issue restatements was identified, accompanying the increase in the number of listed companies. However, 77.13% of the total restatements issued during the period involved qualitative data changes. This study contributes to the literature on the topic, revealing the movement undergone with respect to financial restatements during a period in which relevant changes were experienced in the regulatory environment, in particular the promulgation of the Sarbanes-Oxley Act (SOX) and the adoption of International Standards (IFRS).Contabilidade Gestão e Governança2016-12-06info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionAvaliado por Pares, Artigosapplication/pdfhttps://revistacgg.org/index.php/contabil/article/view/105410.51341/1984-3925_2016v19n3a6Contabilidade Gestão e Governança; v. 19 n. 3 (2016)1984-39251984-3925reponame:Contabilidade, Gestão e Governançainstname:Universidade de Brasília (UnB)instacron:UNBporhttps://revistacgg.org/index.php/contabil/article/view/1054/440-464Copyright (c) 2016 Contabilidade, Gestão e Governançainfo:eu-repo/semantics/openAccessMarques, Vagner AntönioBuenos Aires, Débora BarcelosCerqueira, Nathalia Patrício PaulinoSilva, Lilian Karolina Correia daAmaral, Hudson Fernandes2016-12-06T20:04:16Zoai:oai.jamg.cloud:article/1054Revistahttp://www.revistacgg.org/index.php/contabilPUBhttps://revistacgg.org/index.php/contabil/oaijamg.cgg@gmail.com1516-70111984-3925opendoar:2016-12-06T20:04:16Contabilidade, Gestão e Governança - Universidade de Brasília (UnB)false |
dc.title.none.fl_str_mv |
Financial restatement trends in Brazil from 1997-2012 |
title |
Financial restatement trends in Brazil from 1997-2012 |
spellingShingle |
Financial restatement trends in Brazil from 1997-2012 Marques, Vagner Antönio Financial restatement Audit Big 4 Regulation. |
title_short |
Financial restatement trends in Brazil from 1997-2012 |
title_full |
Financial restatement trends in Brazil from 1997-2012 |
title_fullStr |
Financial restatement trends in Brazil from 1997-2012 |
title_full_unstemmed |
Financial restatement trends in Brazil from 1997-2012 |
title_sort |
Financial restatement trends in Brazil from 1997-2012 |
author |
Marques, Vagner Antönio |
author_facet |
Marques, Vagner Antönio Buenos Aires, Débora Barcelos Cerqueira, Nathalia Patrício Paulino Silva, Lilian Karolina Correia da Amaral, Hudson Fernandes |
author_role |
author |
author2 |
Buenos Aires, Débora Barcelos Cerqueira, Nathalia Patrício Paulino Silva, Lilian Karolina Correia da Amaral, Hudson Fernandes |
author2_role |
author author author author |
dc.contributor.author.fl_str_mv |
Marques, Vagner Antönio Buenos Aires, Débora Barcelos Cerqueira, Nathalia Patrício Paulino Silva, Lilian Karolina Correia da Amaral, Hudson Fernandes |
dc.subject.por.fl_str_mv |
Financial restatement Audit Big 4 Regulation. |
topic |
Financial restatement Audit Big 4 Regulation. |
description |
This study analyzes the characteristics of the financial restatements issued by Brazilian companies listed on the BM&FBovespa stock exchange from 1997 through 2012. The study, descriptive in nature, employed a mixed, qualitative and quantitative approach in which data from 5608 financial statements and audit reports were analyzed using content analysis and descriptive statistics. The results evidenced that on average 25% of financial statements are republished. Only 17% of these restatements, however, are of the mandatory type and only 8.40% involve quantitative changes to the original financial statements. An increasing tendency to issue restatements was identified, accompanying the increase in the number of listed companies. However, 77.13% of the total restatements issued during the period involved qualitative data changes. This study contributes to the literature on the topic, revealing the movement undergone with respect to financial restatements during a period in which relevant changes were experienced in the regulatory environment, in particular the promulgation of the Sarbanes-Oxley Act (SOX) and the adoption of International Standards (IFRS). |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-12-06 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Avaliado por Pares, Artigos |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revistacgg.org/index.php/contabil/article/view/1054 10.51341/1984-3925_2016v19n3a6 |
url |
https://revistacgg.org/index.php/contabil/article/view/1054 |
identifier_str_mv |
10.51341/1984-3925_2016v19n3a6 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://revistacgg.org/index.php/contabil/article/view/1054/440-464 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2016 Contabilidade, Gestão e Governança info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2016 Contabilidade, Gestão e Governança |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Contabilidade Gestão e Governança |
publisher.none.fl_str_mv |
Contabilidade Gestão e Governança |
dc.source.none.fl_str_mv |
Contabilidade Gestão e Governança; v. 19 n. 3 (2016) 1984-3925 1984-3925 reponame:Contabilidade, Gestão e Governança instname:Universidade de Brasília (UnB) instacron:UNB |
instname_str |
Universidade de Brasília (UnB) |
instacron_str |
UNB |
institution |
UNB |
reponame_str |
Contabilidade, Gestão e Governança |
collection |
Contabilidade, Gestão e Governança |
repository.name.fl_str_mv |
Contabilidade, Gestão e Governança - Universidade de Brasília (UnB) |
repository.mail.fl_str_mv |
jamg.cgg@gmail.com |
_version_ |
1798315267638427648 |