Editorial

ID: 8131

Authors: Jacqueline Veneroso Alves da Cunha.

Source: Contabilidade Vista & Revista, v. 21, n. 1, p. 1-2, January-March, 2010. 2 page(s).

Document type: Editorial (Portuguese)

Perceptions of the directive body of a Japanese multinational about the implementation of the Sarbanes-Oxley Act of 2002 Requirements

ID: 8132

Authors: Ivam Ricardo Peleias, José Carlos Penha, João Bosco Segreti, Anísio Candido Pereira.

Source: Contabilidade Vista & Revista, v. 21, n. 1, p. 15-40, January-March, 2010. 26 page(s).

Keyword: Corporate Governance , Internal Auditing , Internal Control. , Risk Management , Sarbanes-Oxley Act of 2002

Document type: Article (Portuguese) Show Abstract

This article has studied the positioning of the directive board of the subsidiary of a japanese multinational in Brazil, about the future implementing of the requirements of the Sarbanes-Oxley Act of 2002 in such company, and its main points and impacts in Brazil and abroad are shown. The case study method was used as research strategy, and applied a questionnaire to all the directors and managers. The data was treated by the descriptive Statistics, with the Discriminant Analysis. The result was that such directors and managers will act according to the need of implementing the requirements of the Law. The research showed they are aware of the problemas of the current internal control, corporate governance and risks management systems, and the necessity of investments for the full attendance to the requirements of the Law. It was verified that the internal control and corporate governance rules are not fulfilled by all the employees. It was detected a tendency to risks. However, the culture of risks management is still incipient. The results offered reccomendations for a better internal control and risks management.

Countable disclosure of private foundations of education and research: an analysis of the conformity of the countable demonstrations of entities of Santa Catarina

ID: 8133

Authors: Douglas da Silveira, José Alonso Borba.

Source: Contabilidade Vista & Revista, v. 21, n. 1, p. 41-68, January-March, 2010. 28 page(s).

Keyword: Disclosure and Transparency , Foundations , Third Sector

Document type: Article (Portuguese) Show Abstract

The Third Section appeared of the initiative of the society due to general needs not assisted by the State. The foundations were developed in that it sets, that has among the main transparency forms the popularization of its financial demonstrations and of consequent Accounting Disclosure. This work search to analyze the conformity of the installments of bills with the established accounting norms of the foundations of the area of Education and Research of Santa Catarina. The research based predominantly on exploratory study of approach quantitative. It was compiled from the accounting standards a list of issues related to foundations that were later verified the checks and balances. The data were provided by the Ministério Público de Santa Catarina. The work was accomplished with 39 foundations and it embraced installments of referring bills to the exercises of 2004, 2005 and 2006. The results were presented by type of accounting disclosure analyzed. In the total, 2.522 items were analyzed in 117 installments of bills of 39 foundations of the area of Education and he/she Researches. The results suggest a general level of conformity of the accounting demonstrations of approximately 67%, confirming the need of if improve the transparency, as of the understanding of the use of the specific norms related the foundations.

Merger and acquisitions of Brazilian companies: operational and managerial synergisms and profitability

ID: 8134

Authors: Marcos Antônio de Camargos, Francisco Vidal Barbosa.

Source: Contabilidade Vista & Revista, v. 21, n. 1, p. 69-99, January-March, 2010. 31 page(s).

Keyword: Mergers and Acquisitions , Operational and Managerial Synergisms , Profitability

Document type: Article (Portuguese) Show Abstract

This paper aims evaluate if the merger & acquisitions (M&A) of Brazilian companies resulted in operational and managerial synergisms and in the increase of they profitability. We analyze quarterly data of 76 Brazilian companies from a sample of 72 processes of M&A occurred between January, 1996 and December, 2004. It is a quantitative research, in which was compared statistically the averages of ten variables via the Wilcoxon Signed Rank Test and the Rank Test, in a previous and in an ulterior period (two years), testing six theoretical hypotheses. The results had shown that the M&A studied: 1. lead to alterations (increases) statistically significant in the value of the companies’ assets; 2. resulted in operational and managerial synergisms; 3. did not reflect in the increase of the profitability of the companies studied, but apparently of the shareholders; 4. the acquiring companies and the M&A occurred in the Period 2 (after January, 2000) presented a higher potential to generate operational and managerial synergisms and in the increase of profitability of involved companies. An explication to these results was that the possible increase of profitability was compensated by the increase of the companies’ total assets, equity and the debts to financier them.

Audit mechanisms reported by companies listed in the differentiated corporate governance levels and in the new market of Bovespa

ID: 8135

Authors: Márcia Martins Mendes De Luca, Luana Carlos Martins, Anna Beatriz Grangeiro Ribeiro Maia, Antonio Carlos Dias Coelho.

Source: Contabilidade Vista & Revista, v. 21, n. 1, p. 101-130, January-March, 2010. 30 page(s).

Keyword: Audit , Corporate Governance , Reporting

Document type: Article (Portuguese) Show Abstract

Corporate governance is usually viewed as a high management activity. While this is a true assessment, corporate governance is only effective if it also produces positive results at all organizational levels, including the ethical behavior and conduct of the outfit’s employees at both the internal and external levels. This is where the link between corporate governance and the audit area appears. In this particular context, and under the assumption that corporate governance adopts the company’s transparent communication and management as one of its principles before the stakeholders, this study is aimed to identify the audit mechanisms reported by the companies listed in the Differential Corporate Governance Levels 1 and 2 and in New Market of Sao Paulo Stock Exchange  (Bovespa). For the purposes of this work, audit mechanisms are the following agents within the context of corporate governance, namely: the audit committee, the internal audit and the external audit. This is an exploratory, qualitative survey supported by bibliographic and documental research techniques. Its results show that the reporting of the audit mechanisms in the context of the corporate governance is yet incipient in companies that, at least in theory, should have the best corporate governance practices in place considering they are listed as members of the Differentiated Corporate Governance Levels and of New Market of Bovespa.

Affective reactions presents in organizations’ decision-making: an approach based on the Prospective Theory

ID: 8136

Authors: Luiz Arthur Cavalcanti Pereira, João Marcelo Alves Macêdo, Jeronymo José Libonati, Umbelina Cravo Teixeira Lagioia.

Source: Contabilidade Vista & Revista, v. 21, n. 1, p. 131-155, January-March, 2010. 25 page(s).

Keyword: Behavioral Aspects , Decision-making , Prospective Theory

Document type: Article (Portuguese) Show Abstract

This research aimed to identify possible influences of the reactions of affection in the context of the management decisions of organizations. The emotional reactions, whether positive or negative, were introduced and studied the behavior at risk both in the context of gain and loss from the approach of Prospect Theory. This study was based on the work of Moreno, Kida and Smith (2002). The focus is set on three scenarios of decisions under the spectrum management, especially in matters involving the capital budget. The sample of 151 respondents divided into three groups. In the first, called the control group, the decisions would be based on information, the scenarios presented only financial data and probability of occurrence. In the second and third groups, checking group and interest group, respectively, were added to the variables of emotion scenarios established the first group. Respondents in the second group should assign a degree of perception of affective reaction exposed the scene, the third of the respondents, making decisions within the environment and the data exposed. The results were treated in contingency tables. We used the statistical test chi-squared (
²) to check whether there was association between affective response and decision. It was concluded that the presence of emotional variable can influence the perception of risk in the alternative scenario. However, in only one scenario, we observed strong influence of reactions affect the results, in which the participants of the interest group had the appetite for risk, even inserted in a gain context.

Analyse of researches with focus on impact of IFRS adoption in European’s countries

ID: 8137

Authors: Laura Calixto.

Source: Contabilidade Vista & Revista, v. 21, n. 1, p. 157-187, January-March, 2010. 31 page(s).

Keyword: European Countries , IFRS , International Norms

Document type: Article (Portuguese) Show Abstract

The aims of this article is to analyze the studies about the adoption of International financial reporting standards (IFRS) in European countries. With regard to methodology, this is an descriptive study and was conducted and a qualitative analysis of dissertations and articles available in national and international databases. Were identified 75 articles published in international journals in electronic databases or conferences. In search of work in national databases were identified 4 dissertations and 1 article. It was found that there is a great diversity of previous studies results that have touched on the subject, classified as comparative studies regarding the positive and negative impacts of their adoption; studies on the cost of capital; if this reduction or increase occurred after adoption of IFRS; opinion about the adoption of IFRS with accountants, auditors and executives; and impacts of the implementation of IFRS in European countries, with regard to economic and financial aspects of the business.