Editorial

ID: 35508

Authors: Sandra Rolim Ensslin.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 23, p. 1-2, May-August, 2014. 2 page(s).

Document type: Editorial (Portuguese)

Evaluation of the system to curb corporate fraud in Brazil

ID: 35509

Authors: Luiz Carlos Jacob Perera, Eduardo Costa de Freitas, Joshua Onome Imoniana.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 23, p. 3-30, May-August, 2014. 28 page(s).

Keyword: Audit committee , Complaints channel , Compliance , Corporate fraud , Internal control system (ICS)

Document type: Article (Portuguese) Show Abstract

This study investigated the effectiveness of the internal control system (ICS) in curbing corporate fraud. With the support of a survey responded by 156 professionals of audit one was able to have national reach. Among the main results, we found that the activities related to ICS have played efficiently the functions to combat corporate fraud. Considering the three branches of the Tree of fraud, it was found that ‘corruption and misappropriation of assets’ are frauds combated more effectively by the complaints channel, internal controls and compliance; fraud in ‘financial statements’, usually linked to higher echelon, are perceived more accurately by the external auditors.

Effects of asset approach on floating public debt: a case study in a public foundation in northern Brazil

ID: 35510

Authors: Jonathan Alves Galdino, Joel Brito Moura, Edileuza Lobato da Cunha.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 23, p. 31-52, May-August, 2014. 22 page(s).

Keyword: Asset approach , Floating public debt , Public accounting

Document type: Article (Portuguese) Show Abstract

With the convergence of the Public Accounting to International Standards, it is expected a better disclosure of public property. This study aims to investigate the effects of the adoption of the asset approach on Floating Public Debt from conducting a case study in a state foundation in Northern Brazil and the use of clusters analysis. It has been observed an underestimation of 51.56% of the floating debt of the public entity analyzed. We conclude, as effects of the adoption of the asset approach in the Floating Debt of public entities, there is an improvement in the qualitative and quantitative disclosure of liabilities.

Corporate governance and manipulation of accounting information: measurement at fair value in commercial banks

ID: 35511

Authors: Carlos Jorge Fontainhas Mendes, Fátima de Souza Freire.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 23, p. 53-76, May-August, 2014. 24 page(s).

Keyword: Commercial banks , Corporate governance , Fair value , Management of results

Document type: Article (Portuguese) Show Abstract

The aim of this work is to verify whether the Corporate Governance practice management inhibits result in the process of measurement at fair value on the commercial banks. It was used information from the institutions in 125 countries, contained in the Bloomberg databases. We conclude that (i) are few (26.8%) the ones who reported in their financial reports the assets measured at fair value; (ii) Corporate Governance (CG) has a preponderant influence on the choice of evaluation criteria of assets at fair value; (iii) while in Central America there is a greater possibility in manipulating accounting information, in Europe it seems to be less frequently.

Comparability of accounting information in brazilian firms after the adoption of international accounting standards

ID: 35512

Authors: Diane Rossi Maximiano Reina, Donizete Reina, Silvio Freitas da Silva.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 23, p. 77-94, May-August, 2014. 18 page(s).

Keyword: Accounting comparability , Accounting pronouncements , International Standards

Document type: Article (Portuguese) Show Abstract

This research aims to analyze the levels of comparability of financial reports of the companies comprising the Index Brazil 50 - IBrX-50 after the adoption of International Accounting Standards. It is a descriptive, qualitative and quantitative research concerning Technical Pronouncements CPCs 16, 27, 04 and 38, calculated by the index of comparability T Index. The results show an average level of comparability in 16 CPC of 0.34; 27 CPC 0.90; 04 CPC is 0.92; and 0.15 CPC 38 (held for sale). The average rates of comparability are critical of the method of measurement and evaluation of stocks, financial instruments.

Corporate governance versus corporate governance: an international review: a comparative analysis of the academic production of corporate governance topic

ID: 35513

Authors: Henrique César Melo Ribeiro.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 23, p. 95-116, May-August, 2014. 22 page(s).

Keyword: Bibliometric research , Corporate governance , Social network analysis

Document type: Article (Portuguese) Show Abstract

This paper analyzed comparatively academic production on the Corporate Governance topic under the point of view of the following journals: Corporate Governance and Corporate Governance: An International Review, during the period from 2001 to 2012. It was methodologically conducted a bibliometric study with social network analysis, in a universe of 1,008 items. The results show that there is a central network of authors, IESs and countries. Kakabadse, N., was the most fruitful author; Cranfield University, was the most published IES; England, the most productive country. Most popular topics in the articles were: Board of Directors, Corporate Social Responsibility and Ownership Structure.

Efficient tax planning: an analysis of its relationship with the market risk

ID: 35514

Authors: André Pinto Coelho Vello, Antonio Lopo Martinez.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 23, p. 117-140, May-August, 2014. 24 page(s).

Keyword: Corporate governance , Market risk , Tax avoidance

Document type: Article (Portuguese) Show Abstract

This article shows if a good tax planning, promotes a reduction of market risk, when in presence of good corporate governance practices. From a sample of 86 publicly traded companies listed on the BOVESPA during a time lapse of 5 years is data panel of regressions in order to identify the variables that explain the market risk (beta). The results show the existence of a significant and negative relationship between market risk and the rate of efficient tax planning organizations, in companies with the best corporate governance practices.

Does hedging make economic sense for American Airlines?

ID: 35515

Authors: Bruno Lucio Santos Vieira, Abdinardo Moreira Barreto de Oliveira, Henrique Cordeiro Martins, Alex Moreira.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 23, p. 141-154, May-August, 2014. 14 page(s).

Keyword: American Airlines , Hedging , Jet fuel costs

Document type: Article (English) Show Abstract

This study evaluates the impact of hedging in company value by analyzing how American Airline consolidated group’s market value is impacted by changes in the level of next year’s fuel needs hedged and total value of its outstanding agreements from 1989 to 2010. A descriptive and qualitative research methodology was used. Secondary data was collected for a case study.The results indicate that it makes economic sense to hedge fuel costs. However, investors have negatively valued increases in hedge positions.

Optimistic tone and economic crisis

ID: 35516

Authors: Óscar Suárez Fernández.

Source: Revista Contemporânea de Contabilidade, v. 11, n. 23, p. 155-176, May-August, 2014. 22 page(s).

Keyword: Director’s report , Image , Impression management , Spanish listed firms , Tone

Document type: Article (Spanish) Show Abstract

As well as the quantitative information, the narrative nature can be subject to manipulation and so can its content as its format of presentation, be exploited by the company management opportunistically to influence user’s perceptions, hiding or misrepresenting information to avoid harmful interpretations or, at least, to reduce them. The aim of this paper is to analyze whether, in a context of economic recession, the information contained in the director’s report of Spanish listed companies, reflects the underlying reality in the financial statements, analyzing the information’s tone. The results of the empirical analysis point to that, despite the existence of a certain level of manipulation by companies that obtained a worse financial performance, the tone has informative content.