Avaliação do sistema de combate às fraudes corporativas no Brasil

Perera, Luiz Carlos Jacob; Freitas, Eduardo Costa de; Imoniana, Joshua Onome

doi:10.5007/2175-8069.2014v11n23p3

Cited by 16 publications

(14 citation statements)

References 11 publications

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“…The Influence of Corporate Governance on the Mitigation of Fraudulent Financial Reporting fraudulent. This observation is in line with Perera, Freitas, and Imoniana (2014), who report that information asymmetry can be considered as being at the core of these corporate frauds, as it allows opportunities for the agent (moral hazard) to perpetrate fraudulent actions in companies, seeking to maximize their own benefits.…”

Section: Introductionsupporting

confidence: 85%

“…For this reason, it is also possible to relate the occurrence of fraud in financial reporting to deviations in the behavior of managers, which are related to the agency problem dealt with by Agency Theory (Jensen & Meckling, 1976). Once there is evidence of moral hazard there will be a need for constant monitoring by the firm to prevent such behavior and FFR (Perera, Freitas, & Imoniana, 2014).…”

Section: Fraudulent Financial Reportingmentioning

confidence: 99%

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The Influence of Corporate Governance on the Mitigation of Fraudulent Financial Reporting

Martins¹,

Júnior²

2020

RBGN

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Purpose-This study analyzes the influence of the corporate governance structure in terms of mitigating the likelihood of fraudulent financial reporting (FFR) by firms in Brazil. Design/methodology/approach-For this, we analyze the data of 314 publicly traded companies to estimate the likelihood of bankruptcy and the possibility of earnings manipulation, for subsequent identification of. Findings-Our results show that in 5.5% of cases there is an indication that FFR is likely, bankruptcy is predicted in 16.9% of cases, and the likelihood of earnings manipulation is identified in 17.7%. The corporate governance structure of the firms influences FFR mitigation, either directly or indirectly by reducing the chances of bankruptcy or earnings manipulation. We note that board-related governance practices are more effective against predicted bankruptcy, and auditrelated practices are more related to reducing earnings manipulation. Originality/value-The main contributions of this study lie in it identifying the probabilities of reporting fraud, bankruptcy, and earnings manipulation for companies in Brazil, as well as it verifying that corporate governance has been effective in mitigating these problems, either directly or indirectly. Thus, this information is useful for investors and regulators in this market.

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Section: Introductionsupporting

confidence: 85%

Section: Fraudulent Financial Reportingmentioning

confidence: 99%

The Influence of Corporate Governance on the Mitigation of Fraudulent Financial Reporting

Martins¹,

Júnior²

2020

RBGN

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“…Subsequent studies have shown that the number of cases of corporate frauds submitted to the Brazilian criminal justice system and covered by the press is rising (Carvalho & Ferreira, 2014;Petry, 2014), highlighting the scandals involving large Brazilian companies such as Sadia, Aracruz, Banco Santos, Banco Panamericano, and more recently, Petrobras, Odebrecht, and J&F. The facts show that the existing internal controls have not been enough to safeguard assets, protect stakeholder interests, and above all, the image of these companies (Perera, Freitas, & Imoniana, 2014).…”

Section: Corporate Fraudmentioning

confidence: 99%

Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation

Castro

Amaral

Guerreiro

2019

Rev. contab. finanç.

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The aim of this study is to investigate the adherence of Brazilian publicly listed companies to the parameters of the anti-corruption law compliance program as well as its association with internal controls implementation. In light of the accounting scandals and corporate frauds reported in several countries, including Brazil, Law n. 12,846, known as the anti-corruption law, was approved on August 1st, 2013, and Decree n. 8,420, approved on March 18, 2013, regulated this law and defined criteria for the functioning of compliance programs. Considering that compliance programs can affect internal controls, it is important to understand the adherence of companies to their parameters as well as identifying the internal controls derived from them. The findings show a substantial degree of adherence among listed companies to the parameters of the compliance program. Additionally, the results revealed the existence of new internal controls, such as the emergence of the “compliance officer” function. A survey in the form of a questionnaire was adopted. The questionnaire was sent to companies associated with ABRASCA (Brazilian Association of Publicly Listed Companies). The final sample included 32 publicly listed companies. Paraconsistent logic was applied to analyze the data. This paper contributes by empirically showing that, in Brazil, publicly listed companies are adherent to the anti-corruption law. Furthermore, this paper reveals that higher levels of adherence to compliance programs are associated with greater implementation of internal controls.

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“…Dessa forma, são crescentes os casos de corrupção submetidos à justiça penal, com ampla cobertura pela imprensa (Petry, 2014;Carvalho & Ferreira, 2014), destacando-se os escândalos envolvendo grandes companhias brasileiras como Sadia, Aracruz, Banco Santos, Banco Pan Americano e mais recentemente a gigante de óleo e gás, Petrobrás. Os fatos mostram que os controles existentes não foram suficientes para salvaguardar os ativos, proteger o interesse dos stakeholders e, sobretudo, a imagem dessas empresas (Perera, Freitas & Imoniana, 2014 Todavia, as fraudes corporativas não se resumem apenas a questões relacionadas com a contabilidade, seja no Brasil ou em outros países. Existem outros meios ilícitos utilizados pelos fraudadores que também causam danos à reputação e ao patrimônio das organizações, como a espionagem industrial e a empresarial, a manipulação de informações, as compras para benefício pessoal, os pagamentos de propinas e o roubo de ativos, entre outros (Wells, 2008).…”

Section: Lista De Figurasunclassified

“…No início do século XXI, a Contabilidade foi sacudida por uma série de fraudes envolvendo grandes corporações de projeção mundial, tais como: as americanas Enron, Tyco, WorldCom, Xerox, Bristol Meyers, Merck e Pfizer; as europeias Parmalat, Sanofi e Siemens; e as brasileiras Sadia, Aracruz, Banco Santos, Banco Pan Americano e Petrobrás (Perera et al, 2014). Em nível internacional, tais fatos despertaram grande preocupação nos investidores, tanto em relação à preservação dos ativos investidos, quanto às possíveis medidas de proteção contra os agentes fraudadores, interessados em se enriquecer com o dinheiro alheio.…”

Section: Situação Problema E Questão De Pesquisaunclassified

Um estudo sobre o processo de adesão ao programa de integridade da lei 12.846, de 1º de agosto de 2013, e seus efeitos sobre os controles internos em empresas nacionais e multinacionais

Castro¹

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Avaliação do sistema de combate às fraudes corporativas no Brasil

Cited by 16 publications

References 11 publications

The Influence of Corporate Governance on the Mitigation of Fraudulent Financial Reporting

The Influence of Corporate Governance on the Mitigation of Fraudulent Financial Reporting

Adherence to the compliance program of Brazil’s anti-corruption law and internal controls implementation

Um estudo sobre o processo de adesão ao programa de integridade da lei 12.846, de 1º de agosto de 2013, e seus efeitos sobre os controles internos em empresas nacionais e multinacionais

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