A relação do conselho fiscal como componente de controle no gerenciamento de resultados contábeis / The relation of fiscal council as a control component in the earnings management

AUTOR(ES)
DATA DE PUBLICAÇÃO

2009

RESUMO

The earnings management appears in the organizations when the decisions are taken by the responsible managers for the accounting data to change the external financial reports, whose intention is to interfere in the process and obtain personal advantage. In this context, it is necessary mechanisms to guarantee that the managers interests do not disregard the shareholders interests. The structure of property and control, the board of directors, the fiscal council, the independent audit are some examples of instruments that integrate the governance. Being the fiscal council responsible for the inspection of the administrators actions and having to offer their opinions on the financial reports reviewed by the external auditors, it is clear its link with corporate governance practices consequently, with possible earnings management levels. Being so, this thesis objective is to value whether the fiscal council in the organizations negotiated in the Brazilian open market influences the practiced earnings management level, as well as, to analyze whether the fiscal council accountancy qualification influences the reported figures too. In addition, the secondary objective is to verify whether other corporate governance components would be related to earnings management levels. The statistic research was divided into two parts: firstly, with the proposal of analyzing the relationship of fiscal council and other corporate governance mechanisms with the earnings management metrics; secondly, it had the intention to verify whether the results of studies held in other countries between the governance instruments and earnings management would have similar conclusions if applied in Brazil. The hypotheses were tested by applying simple linear regressions and panel data techniques (using Random Effects and Fixed Effect procedures). The results found suggest that the existence of a fiscal council is related to lower levels of earnings management, and the more the structure of corporate governance is, the fiscal council qualification influences the improvement of accountancy information reported to the stakeholders.

ASSUNTO(S)

fiscal council governança corporativa earnings management corporate governance conselho fiscal lucros (contabilidade)

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