Editorial

ID: 40409

Authors: Marcello Alexandre Seemann.

Source: Revista Catarinense da Ciência Contábil, v. 15, n. 44, p. 1-1, January-April, 2016. 1 page(s).

Document type: Editorial (Portuguese)

Analysis of the Relationship between Results-Based Management and Cost of Equity in Brazilian Companies Listed in BM&FBovespa

ID: 40410

Authors: Geovanne Dias de Moura, Francisca Francivânia Rodrigues Ribeiro Macêdo, Sady Mazzioni, Silvana Dalmutt Kruger.

Source: Revista Catarinense da Ciência Contábil, v. 15, n. 44, p. 9-23, January-April, 2016. 15 page(s).

Keyword: BM&FBovespa , Brazilian companies , Cost of equity , Cost of third party , Results-based management

Document type: Article (Portuguese) Show Abstract

The study aimed at analyzing the relationship between results-based management and the company's cost of equity and its third party in Brazilian companies listed in BM&FBovespa. To this end, a descriptive research was conducted through documentary analysis and quantitative analysis of the data from 2010 to 2013 from a sample of 217 companies. The results revealed that the cost of equity rose in the period of 2010 to 2013. With respect to the cost of third party, when analyzed by Kd variable, it was found out a slight decrease from 31,81% to 28,37%. When analyzing the cost of third party by Ki variable, it was noticed an increase from 23,94% to 30,13% between 2010 and 2013. As for management, the results showed significance for the low proportion managements, especially since 2011. The results also showed that, among the analyzed companies, those with lower results-based management did not have lower cost of equity and third party.

Disclosure in Public Service: An Analysis of the Applicability of the Transparency Law in Minas Gerais Municipalities

ID: 40411

Authors: Derley Júnior Miranda Silva, Juliane Andrade Costa Segatto, Marli Auxiliadora da Silva.

Source: Revista Catarinense da Ciência Contábil, v. 15, n. 44, p. 24-36, January-April, 2016. 13 page(s).

Keyword: Disclosure , Public sector , Transparency law

Document type: Article (Portuguese) Show Abstract

In this descriptive study, developed through analysis of documents, it was possible to verify by means of access and consultation of electronic portals, whether the acts of the Public Administration in thirty (30) municipalities in the state of Minas Gerais with population of over one hundred thousand (100,000), relating to their financial and budgetary execution, comply with the provisions of the Complementary Law nº 131/2009, called the Transparency Law. It was also checked the information disclosure of these municipalities. In all the thirty (30) municipalities investigated in Minas Gerais it was found the implementation of the Transparency Law. The totality of municipalities have web addresses, however this deployment does not show the disclosure and do not meet fully the mandatory legal requirements and recommended for the disclosure of budget execution. In some websites, the information is difficult to find, being necessary to open multiple links to access the desired information. It was also confirmed, in the portals consultation period, that some municipalities with significant population density as Uberlândia, Contagem, Juiz de Fora and Montes Claros are in the top list of municipalities that attended fewer legally defined criteria. Ribeirão das Neves is the municipality that most meets the legal requirements of transparency followed by the cities of Ipatinga and Teófilo Otoni. It was noted also that some electronic sites have constant maintenance periods, remaining unavailable or disabled for long periods harming citizens' access to information and making it difficult to track the information available in real time by public officials.

Public Accounting Information Index: A Study in the Brazilian Municipalitie

ID: 40412

Authors: Fábia Jaiany Viana de Souza, Aneide Oliveira Araujo, Mauricio Corrêa da Silva.

Source: Revista Catarinense da Ciência Contábil, v. 15, n. 44, p. 37-48, January-April, 2016. 12 page(s).

Keyword: Accounting information , Index , Municipalities

Document type: Article (Portuguese) Show Abstract

This research aimed at evaluating the levels of disclosure of public financial information from Brazilian municipalities. The methodology consisted qualitative, descriptive and documentary research. The sample selection technique was performed by convenience and corresponded to the 100 most populous municipalities in Brazil, because these municipalities concentrate the largest share of the population (approximately 45% of the total population). The results revealed that São Paulo was the one with the highest score for the analyzed index, with 67,86% of the items published in its site, followed by Victoria (64,29%), Londrina and Porto Alegre (60,71%), Rio de Janeiro (53,57%), Cuiabá and Curitiba (50%) of the practices observed on their sites. In addition, it was identified Belford Roxo as the municipality with the lowest index (7,14%) to disclose its financial information, followed by Juazeiro (10,71%) and Boa Vista (14,30%). It was concluded that the municipalities are not showing in their electronic sites information that enables citizens to learn about the financial management of their municipalities, once it was observed the existence of municipal workers that do not disclose any of the financial statements required by law and, because of that, it is not possible to see in the sites a stimulus for the society to participate in the municipal management.

A Proposal of a Technological Innovation of Identification Model to Use Tax Breaks: A Case Study in an Eletronics Industry in the South of Brazil

ID: 40413

Authors: Dalci Mendes Almeida, Ivone Junges.

Source: Revista Catarinense da Ciência Contábil, v. 15, n. 44, p. 49-59, January-April, 2016. 11 page(s).

Keyword: Lei do Bem , Tax breaks , Technological Innovation

Document type: Article (Portuguese) Show Abstract

There are several tax breaks provided by the government for investment in research, development and innovation that companies may benefit. However, there are few companies that use such benefits. One of the reasons is that they can not identify innovation. In this sense, this study aims at developing an innovative model for identifying the use of tax breaks. The research is classified as descriptive. With regard to data collection procedures, it was used the case study of a large electronics industry in the Brazilian southern region. In relation to the approach the problem, it is a qualitative research. The model was developed based on Law 11.1196 (2005), Lei do Bem, the Oslo Manual and Literature on Innovation. The survey results indicate how valid the model proposed in this research is, as it was possible to identify technological innovation (product, process, market) in the company studied for the use of tax breaks from Lei do Bem. It was concluded that it was possible to identify the different types of technological innovation in research projects, development and innovation in the studied company.

Relationship between Audit Committee Characteristics and Independent Audit Quality

ID: 40414

Authors: Bruna Teixeira, Raphael Vinicius Weigert Camargo, Ernesto Fernando Rodrigues Vicente.

Source: Revista Catarinense da Ciência Contábil, v. 15, n. 44, p. 60-74, January-April, 2016. 15 page(s).

Keyword: Audit committee , Audit committee characteristics , Audit quality

Document type: Article (Portuguese) Show Abstract

This study aims at identifying which characteristics of the Audit Committee are related to the quality of independent audit companies listed in differentiated corporate governance levels of BM & FBovespa. The research is descriptive, quantitative and documentary. The data were obtained in public reports of 57 companies in 2013 and they were analyzed through multiple linear regression. In order to measure the quality of the audit, the IQUA model proposed by Braunbeck (2010) was adopted. Analyzing the results one can infer that the best quality audit is obtained in companies that have audit committees with members who have knowledge in accounting and finance; and also members who work in the approval of non-audit services and adopt procedures to receive and handle the complaints. On the other hand, companies with committees responsible for the efficiency and effectiveness of internal controls tend to have lower quality audit. Among the control variables it was observed that companies with greater total assets, belonging to the level 1 or level 2 of corporate governance and had growth in its assets are related to lower quality audit.

Audit Modified Report: Analysis Pre and Postconvergence to Internacional Accounting Standards

ID: 40415

Authors: Adalene Olivia Silvestre, Kélim Bernardes Sprenger, Clóvis Antônio Kronbauer.

Source: Revista Catarinense da Ciência Contábil, v. 15, n. 44, p. 75-85, January-April, 2016. 11 page(s).

Keyword: Audit , Convergence , Independent audit report

Document type: Article (Portuguese) Show Abstract

In an internationalized negotiating reality, the disclosure of suitable, transparent and comparable information has become essential, providing great importance to international accounting standards. Performing independent audit and the consequent issuance of its report gives greater credibility to the accounting statements. Thus, this study aims to determine which are the main reasons that cause the emission of Independent Audit Report (RAI) modified in companies listed in the traditional segment of the BM&FBOVESPA, in the period pre and post-convergence to international accounting standards. To comply with the goal, it was analyzed the RAI issued among the years 2004 to 2007, preconvergence period, and the years from 2010 to 2013, post-convergence period. The RAI was collected from 250 companies listed in the traditional segment of the BM&FBOVESPA, from which 184 showed the RAI referring to all the exercises that were focus of the study, totalizing an amount of 1,472 reports. Considering the total of RAI analyzed, 206 showed modifications. About these ones, it was analyzed the reasons to justify such modifications and it was sought the relation between the motivators of the post-convergence period and international standards. The main results show that the reasons prevailing in the pre-convergence period are investments and taxes; however in the post-convergence period are investments and continuity. Regarding to the relationship between the motivators of the post-convergence period and the changes introduced by international standards, it was found that from the total of 213 motivators, 36 refer to the changes as being mainly due to impairment test, leasing, intangible assets and loans and financing.