44901

Vitor Gomes Baioco
José Elias Feres de Almeida

Revista Contabilidade & Finanças

This study evaluates the effects of the audit committee and the fiscal council with their different characteristics on accounting information quality in Brazil. The proxies of accounting information quality used are: relevance of accounting information, timeliness, and conditional conservatism. The sample consists of Brazilian companies listed on the Brazilian Securities, Commodities, and Futures Exchange (BM&FBOVESPA) with annual liquidity above 0.001 within the period from 2010 to 2013. Data were collected from the database Comdinheiro and the Reference Forms of companies available on the website of the Brazilian Securities and Exchange Commission (CVM) or the BM&FBOVESPA. The samples used in the study totaled 718, 688, and 722 observations for the value relevance, timeliness, and conditional conservatism models, respectively. The results indicate that different arrangements of the fiscal council and the existence of the audit committee differently impact the accounting information properties. The presence of the fiscal council positively impacted the relevance of equity, while the presence of the audit committee, the relevance of earnings. Conditional conservatism was evidenced in the group of companies with a permanent fiscal council, demonstrating that it is significant as a governance mechanism, rather than the installation for temporary operation when asked by shareholders in an ordinary general meeting. The presence of both showed significant earnings for the market, but they were not timely, something which exposes restriction to the relevance found. Lastly, the powerful fiscal council showed a positive association only concerning the relevance of equity.

audit committee, corporate governance, earnings quality, fiscal council, powered fiscal council

BAIOCO, V. G.; ALMEIDA, J. E. F. Efeitos do comitê de auditoria e do conselho fiscal na qualidade da informação contábil no Brasil. Revista Contabilidade & Finanças, v. 28, n. 74, p. 229-248, 2017.

Baioco, V. G., & Almeida, J. E. F. (2017). Efeitos do comitê de auditoria e do conselho fiscal na qualidade da informação contábil no Brasil. Revista Contabilidade & Finanças, 28(74), 229-248.

10.1590/1808-057x201703250

https://www.spell.org.br/documentos/ver/44901/effects-of-the-audit-committee-and-the-fiscal-council-on-earnings-quality-in-brazil-/i/en

Artigo

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