Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | Revista Contabilidade & Finanças (Online) |
Texto Completo: | https://www.revistas.usp.br/rcf/article/view/156390 |
Resumo: | The aim of this study is to investigate the adherence of Brazilian publicly listed companies to the parameters of the anticorruption law compliance program as well as its association with internal controls implementation. In light of the accounting scandals and corporate frauds reported in several countries, including Brazil, Law n. 12,846, known as the anti-corruption law, was approved on August 1st, 2013, and Decree n. 8,420, approved on March 18, 2013, regulated this law and defined criteria for the functioning of compliance programs. Considering that compliance programs can affect internal controls, it is important to understand the adherence of companies to their parameters as well as identifying the internal controls derived from them. The findings show a substantial degree of adherence among listed companies to the parameters of the compliance program. Additionally, the results revealed the existence of new internal controls, such as the emergence of the “compliance officer” function. A survey in the form of a questionnaire was adopted. The questionnaire was sent to companies associated with ABRASCA (Brazilian Association of Publicly Listed Companies). The final sample included 32 publicly listed companies. Paraconsistent logic was applied to analyze the data. This paper contributes by empirically showing that, in Brazil, publicly listed companies are adherent to the anti-corruption law. Furthermore, this paper reveals that higher levels of adherence to compliance programs are associated with greater implementation of internal controls. |
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Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementationAderência ao programa de integridade da lei anticorrupção brasileira e implantação de controles internoscorporate fraudinternal controlsanti-corruption lawcompliance programbusiness ethicsfraude corporativacontroles internoslei anticorrupçãoprograma de integridadeética corporativaThe aim of this study is to investigate the adherence of Brazilian publicly listed companies to the parameters of the anticorruption law compliance program as well as its association with internal controls implementation. In light of the accounting scandals and corporate frauds reported in several countries, including Brazil, Law n. 12,846, known as the anti-corruption law, was approved on August 1st, 2013, and Decree n. 8,420, approved on March 18, 2013, regulated this law and defined criteria for the functioning of compliance programs. Considering that compliance programs can affect internal controls, it is important to understand the adherence of companies to their parameters as well as identifying the internal controls derived from them. The findings show a substantial degree of adherence among listed companies to the parameters of the compliance program. Additionally, the results revealed the existence of new internal controls, such as the emergence of the “compliance officer” function. A survey in the form of a questionnaire was adopted. The questionnaire was sent to companies associated with ABRASCA (Brazilian Association of Publicly Listed Companies). The final sample included 32 publicly listed companies. Paraconsistent logic was applied to analyze the data. This paper contributes by empirically showing that, in Brazil, publicly listed companies are adherent to the anti-corruption law. Furthermore, this paper reveals that higher levels of adherence to compliance programs are associated with greater implementation of internal controls.Este estudo investiga o grau de aderência das empresas brasileiras de capital aberto aos critérios do programa de integridade estabelecido na lei anticorrupção e, ademais, avalia a relação entre esse programa e a implantação de controles internos. Diante dos escândalos contábeis e fraudes corporativas reportados em diversos países, incluindo o Brasil, aprovou-se a Lei n. 12.846, de 1 de agosto de 2013, conhecida como lei anticorrupção, e o Decreto n. 8.420, de 18 de março de 2015, que regulamentou essa lei e definiu critérios para o funcionamento de programas de integridade. Considerando que os programas de integridade podem afetar os controles internos, é relevante compreender a aderência das empresas aos parâmetros neles estabelecidos, bem como identificar controles internos deles decorrentes. Os resultados do estudo apontam que as empresas de capital aberto têm substancial grau de aderência aos parâmetros do programa de integridade. Ademais, constataram-se novos controles internos como, por exemplo, o surgimento da função compliance officer. Um questionário foi enviado para empresas de capital aberto associadas à Associação Brasileira de Companhias Abertas (ABRASCA). A amostra final foi composta por 32 empresas. A lógica paraconsistente foi aplicada para análise dos dados. Evidências obtidas na pesquisa indicam que, no Brasil, as pessoas jurídicas, especificamente as empresas de capital aberto, mostram-se aderentes à lei anticorrupção e que maiores níveis na adesão aos programas de integridade relacionam-se a maiores níveis de implantação de controles internos.Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária2019-04-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfapplication/xmlhttps://www.revistas.usp.br/rcf/article/view/15639010.1590/1808-057x201806780Revista Contabilidade & Finanças; v. 30 n. 80 (2019); 186-201Revista Contabilidade & Finanças; Vol. 30 No. 80 (2019); 186-201Revista Contabilidade & Finanças; Vol. 30 Núm. 80 (2019); 186-2011808-057X1519-7077reponame:Revista Contabilidade & Finanças (Online)instname:Universidade de São Paulo (USP)instacron:USPengporhttps://www.revistas.usp.br/rcf/article/view/156390/151880https://www.revistas.usp.br/rcf/article/view/156390/151881https://www.revistas.usp.br/rcf/article/view/156390/151882Copyright (c) 2019 Revista Contabilidade & Finançasinfo:eu-repo/semantics/openAccessCastro, Patricia ReisAmaral, Juliana VenturaGuerreiro, Reinaldo2019-05-07T18:56:00Zoai:revistas.usp.br:article/156390Revistahttp://www.revistas.usp.br/rcf/indexPUBhttps://old.scielo.br/oai/scielo-oai.phprecont@usp.br||recont@usp.br1808-057X1519-7077opendoar:2019-05-07T18:56Revista Contabilidade & Finanças (Online) - Universidade de São Paulo (USP)false |
dc.title.none.fl_str_mv |
Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation Aderência ao programa de integridade da lei anticorrupção brasileira e implantação de controles internos |
title |
Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation |
spellingShingle |
Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation Castro, Patricia Reis corporate fraud internal controls anti-corruption law compliance program business ethics fraude corporativa controles internos lei anticorrupção programa de integridade ética corporativa |
title_short |
Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation |
title_full |
Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation |
title_fullStr |
Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation |
title_full_unstemmed |
Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation |
title_sort |
Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation |
author |
Castro, Patricia Reis |
author_facet |
Castro, Patricia Reis Amaral, Juliana Ventura Guerreiro, Reinaldo |
author_role |
author |
author2 |
Amaral, Juliana Ventura Guerreiro, Reinaldo |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Castro, Patricia Reis Amaral, Juliana Ventura Guerreiro, Reinaldo |
dc.subject.por.fl_str_mv |
corporate fraud internal controls anti-corruption law compliance program business ethics fraude corporativa controles internos lei anticorrupção programa de integridade ética corporativa |
topic |
corporate fraud internal controls anti-corruption law compliance program business ethics fraude corporativa controles internos lei anticorrupção programa de integridade ética corporativa |
description |
The aim of this study is to investigate the adherence of Brazilian publicly listed companies to the parameters of the anticorruption law compliance program as well as its association with internal controls implementation. In light of the accounting scandals and corporate frauds reported in several countries, including Brazil, Law n. 12,846, known as the anti-corruption law, was approved on August 1st, 2013, and Decree n. 8,420, approved on March 18, 2013, regulated this law and defined criteria for the functioning of compliance programs. Considering that compliance programs can affect internal controls, it is important to understand the adherence of companies to their parameters as well as identifying the internal controls derived from them. The findings show a substantial degree of adherence among listed companies to the parameters of the compliance program. Additionally, the results revealed the existence of new internal controls, such as the emergence of the “compliance officer” function. A survey in the form of a questionnaire was adopted. The questionnaire was sent to companies associated with ABRASCA (Brazilian Association of Publicly Listed Companies). The final sample included 32 publicly listed companies. Paraconsistent logic was applied to analyze the data. This paper contributes by empirically showing that, in Brazil, publicly listed companies are adherent to the anti-corruption law. Furthermore, this paper reveals that higher levels of adherence to compliance programs are associated with greater implementation of internal controls. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-04-02 |
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://www.revistas.usp.br/rcf/article/view/156390 10.1590/1808-057x201806780 |
url |
https://www.revistas.usp.br/rcf/article/view/156390 |
identifier_str_mv |
10.1590/1808-057x201806780 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
https://www.revistas.usp.br/rcf/article/view/156390/151880 https://www.revistas.usp.br/rcf/article/view/156390/151881 https://www.revistas.usp.br/rcf/article/view/156390/151882 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2019 Revista Contabilidade & Finanças info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2019 Revista Contabilidade & Finanças |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf application/xml |
dc.publisher.none.fl_str_mv |
Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária |
publisher.none.fl_str_mv |
Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária |
dc.source.none.fl_str_mv |
Revista Contabilidade & Finanças; v. 30 n. 80 (2019); 186-201 Revista Contabilidade & Finanças; Vol. 30 No. 80 (2019); 186-201 Revista Contabilidade & Finanças; Vol. 30 Núm. 80 (2019); 186-201 1808-057X 1519-7077 reponame:Revista Contabilidade & Finanças (Online) instname:Universidade de São Paulo (USP) instacron:USP |
instname_str |
Universidade de São Paulo (USP) |
instacron_str |
USP |
institution |
USP |
reponame_str |
Revista Contabilidade & Finanças (Online) |
collection |
Revista Contabilidade & Finanças (Online) |
repository.name.fl_str_mv |
Revista Contabilidade & Finanças (Online) - Universidade de São Paulo (USP) |
repository.mail.fl_str_mv |
recont@usp.br||recont@usp.br |
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1787713777416798208 |