Adoption of IFRS in Brazil: Effects on Accounting Conservatism
The objective in this study is to investigate the effect of the adoption of the International Financial Reporting Standards (IFRS) on the degree of conditional conservatism in the financial statements of companies listed on BM&FBOVESPA. Considering that the convergence process with the internati...
Main Authors: | , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Conselho Federal de Contabilidade (CFC)
2016-06-01
|
Series: | Revista de Educação e Pesquisa em Contabilidade |
Subjects: | |
Online Access: | http://repec.org.br/index.php/repec/article/view/1290 |
id |
doaj-50c642439c00457c9b614dd544ba99d3 |
---|---|
record_format |
Article |
spelling |
doaj-50c642439c00457c9b614dd544ba99d32020-11-24T21:02:54ZengConselho Federal de Contabilidade (CFC)Revista de Educação e Pesquisa em Contabilidade 1981-86102016-06-0110210.17524/repec.v10i2.1290706Adoption of IFRS in Brazil: Effects on Accounting ConservatismErivelto Fioresi de Sousa0Anderson Fioresi de Sousa1Gladyson Brommonschenkel Demonier2Professor no Instituto Federal do Espírito Santo - Ifes – Campus CariacicaProfessor no Instituto Federal do Espírito Santo - Ifes – Campus Centro SerranoProfessor no Instituto Federal do Espírito Santo - Ifes – Campus VianaThe objective in this study is to investigate the effect of the adoption of the International Financial Reporting Standards (IFRS) on the degree of conditional conservatism in the financial statements of companies listed on BM&FBOVESPA. Considering that the convergence process with the international standards aims for the standardization of accounting information disclosure and the enhancement of its quality, the goal was to investigate the quality standards of the accounting information in Brazilian companies after the adoption of the IFRS in the phases characterized by the period 2008, when accounting pronouncements (CPC) 1 to 14 were adopted, and as from 2010, when the adoption of the full IFRS became compulsory. Therefore, a sample of financial statements was used from 320 companies listed on BM&FBOVESPA between 2000 and 2012. As a proxy of information quality, the attribute Conservatism was used, as proposed by Basu (1997) and Ball and Shivakumar (2005). The results did not evidence changes in the degree of conservatism in the statements analyzed.http://repec.org.br/index.php/repec/article/view/1290Conservadorismo condicionalQualidade da Informação ContábilConvergência a Normas Contábeis Internacionais. |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Erivelto Fioresi de Sousa Anderson Fioresi de Sousa Gladyson Brommonschenkel Demonier |
spellingShingle |
Erivelto Fioresi de Sousa Anderson Fioresi de Sousa Gladyson Brommonschenkel Demonier Adoption of IFRS in Brazil: Effects on Accounting Conservatism Revista de Educação e Pesquisa em Contabilidade Conservadorismo condicional Qualidade da Informação Contábil Convergência a Normas Contábeis Internacionais. |
author_facet |
Erivelto Fioresi de Sousa Anderson Fioresi de Sousa Gladyson Brommonschenkel Demonier |
author_sort |
Erivelto Fioresi de Sousa |
title |
Adoption of IFRS in Brazil: Effects on Accounting Conservatism |
title_short |
Adoption of IFRS in Brazil: Effects on Accounting Conservatism |
title_full |
Adoption of IFRS in Brazil: Effects on Accounting Conservatism |
title_fullStr |
Adoption of IFRS in Brazil: Effects on Accounting Conservatism |
title_full_unstemmed |
Adoption of IFRS in Brazil: Effects on Accounting Conservatism |
title_sort |
adoption of ifrs in brazil: effects on accounting conservatism |
publisher |
Conselho Federal de Contabilidade (CFC) |
series |
Revista de Educação e Pesquisa em Contabilidade |
issn |
1981-8610 |
publishDate |
2016-06-01 |
description |
The objective in this study is to investigate the effect of the adoption of the International Financial Reporting Standards (IFRS) on the degree of conditional conservatism in the financial statements of companies listed on BM&FBOVESPA. Considering that the convergence process with the international standards aims for the standardization of accounting information disclosure and the enhancement of its quality, the goal was to investigate the quality standards of the accounting information in Brazilian companies after the adoption of the IFRS in the phases characterized by the period 2008, when accounting pronouncements (CPC) 1 to 14 were adopted, and as from 2010, when the adoption of the full IFRS became compulsory. Therefore, a sample of financial statements was used from 320 companies listed on BM&FBOVESPA between 2000 and 2012. As a proxy of information quality, the attribute Conservatism was used, as proposed by Basu (1997) and Ball and Shivakumar (2005). The results did not evidence changes in the degree of conservatism in the statements analyzed. |
topic |
Conservadorismo condicional Qualidade da Informação Contábil Convergência a Normas Contábeis Internacionais. |
url |
http://repec.org.br/index.php/repec/article/view/1290 |
work_keys_str_mv |
AT eriveltofioresidesousa adoptionofifrsinbrazileffectsonaccountingconservatism AT andersonfioresidesousa adoptionofifrsinbrazileffectsonaccountingconservatism AT gladysonbrommonschenkeldemonier adoptionofifrsinbrazileffectsonaccountingconservatism |
_version_ |
1716774947872833536 |