O rodizio de firmas de auditoria e seus impactos nas demonstrações contábeis / The rotation of audit firms and its consequences of financial statements

AUTOR(ES)

Alexandre Queiroz de Oliveira

DATA DE PUBLICAÇÃO

2005

RESUMO

The rotation of audit firms was introduced in Brazil by the Brazilian Central Bank at the time of the corporate scandals involving financial institutions firms on the presentation of the financial statements and extended to all listed companies in Brazil by the Brazilian Securities Commission (CVM). Firm rotation, the objective of which is to safeguard the independence of the auditor and decrease fraud and accounting misstatements undetected by the audit of financial statements, is a controversial issue because it affects the relationship fo audit firms with their clients and the whole structure of the audit market. This dissertation was based on the analysis of local and international independence standards, the historical evaluation of the audit firm rotation concept, the assessment of the surveys made on this matter in other countries, the philosophy behind the ethical principles associated to accountancy and auditing. Furthermore, the field survey on the aspects inherent to the audit firms rotation was carried out. This survey, carried out from May to June 2004, gathered the opinion of 127 financial market professionals, of which 84 are executives that adjust or affect the preparation of the financial statements and 43 independent auditors that work directly in the audit process. The conclusion of this dissertation confirms that audit firm rotation is unable to ensure the auditors independence and does not decrease risks of error and fraud in the preparation of financial statements.

ASSUNTO(S)

rodízio de firmas de auditoria rotation of audit firms fraud and accounting misstatements elaboração das demonstrações contábeis corporate scandals auditoria ciencias contabeis erros contábeis e fraudes auditors independence independência do auditor preparation of financial statements escândalos corporativos ethical principles princípios éticos

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