Dinâmica das republicações das demonstrações contábeis no período de 1997-2012

Marques, Vagner Antônio; Aires, Débora Barcelos Buenos; Cerqueira, Nathalia Patrício Paulino; Silva, Lilian Karolina Correia da; Amaral, Hudson Fernandes

doi:10.21714/1984-3925_2016v19n3a6

Cited by 3 publications

(8 citation statements)

References 28 publications

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“…Additionally, the benefit of restatement, might greater than the cost of doing so, as that might represent to the market that this specific large company is transparent. (Marques et al, 2016). This result corroborates that found by Marques et al (2017), which highlights that it does not mean that larger companies have more irregularities, but rather that, in Brazil, most restatement are the result of spontaneous acts.…”

Section: Results Discussionsupporting

confidence: 90%

“…However, after using a proxy audit to control the auditor's endogenous choice, they found that clients of the Big Four auditors are less likely to report their earnings later than clients of auditors not in the Big Four. Antagonistic to the result found by Eshleman and Guo (2014), in Brazil, Marques et al (2016) identified that companies audited by the Big Four have a higher percentage of restatements.…”

Section: Main National and International Surveyssupporting

confidence: 51%

“…Regarding the relationship between restatement and the fact that the company is audited by the Big Four, the literature considers two hypotheses: i) positive relationship between the variables, as companies audited by the Big Four tend to be large and require greater attention from the audit, and as such have more chances of having aspects of disclosure going unnoticed and thus, causing restatement of SFS. Moreover, large companies, due to political costs, are motivated to be more transparent, even if this implies restatements, demonstrating that this factor is not necessarily a negative factor (Marques et al, 2016); ii) negative relationship between the variables, because the high quality of the audit reduces the probability of restatement (Eshleman & Guo, 2014;Jiang, Habib & Zhou, 2015);…”

Section: Methodology 31 Sample and Variablesmentioning

confidence: 99%

“…Although national studies related to this subject are scarce, there are introductory articles and restatement analyses (Cunha et al, 2017;Dantas et al, 2011;Marques et al, 2016;Murcia & Carvalho, 2007), as well as studies that observed the relationship between the restatement and the audit process (Chiudini et al, 2018) and identification of some determinants of restatement (Marques et al; Soares et al).…”

Section: Main National and International Surveysmentioning

confidence: 99%

“…In such a context, the following studies have analyzed the determinants of SFS restatements and their consequences for the market: a) increase in restatements decreases the return of shares (Anderson & Yohn, 2002;Palmrose, Richardson, & Scholz, 2004); b) restatements have a negative relationship with the value of the company and with the market reaction (Hribar & Jenkins, 2004;Jategaonkar, Lovata, & Sierra, 2012;Palmrose et al, 2004;Mr. Silva;Wilson, 2008); c) fraudulent accounting reports are one of the main determinants for restatements (Albring, Huang, Pereira, & Xiaolu, 2013;Carpenter, 2007;DeFond & Jiambalvo, 1991;Palmrose et al, 2004); d) negative relationship between the auditors' fees and future restatements (Blankley, Hurtt, & MacGregor, 2012;Blankley, Hurtt, & MacGregor, 2014;Raghunandan, Read, & Whinesant, 2003;Stanley & DeZoort, 2007), or even positive (Kinney, Palmrose, & Scholz, 2004;Stanley & DeZoort 2007); e) lower probability of restatement by companies audited by the Big Four (Eshleman & Guo, 2014;Newton, Wang, & Wilkins, 2013), but results were also found audits conducted by the Big Four do not imply less restatement (Lobo & Zhao, 2013;Marques, Aires, Cerqueira, & Silva, 2016).…”

Section: Introductionmentioning

confidence: 99%

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Determinants of Restatements in Financial Statements of Brazilian Publicly Traded Companies

Huang¹,

Nardi²

2020

CGG

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Objective: Under the context of the importance accounting information quality for its users, this study aimed to point out possible determinants for the Standardized Financial Statements (SFS) restatement of Brazilian publicly traded companies. Method: From 2010 to 2016, we used correlation test, mean difference test and logistic regression with panel data. Originality/Relevance: The study opportunity considered the existence of contradictory results in national and international studies, which present not recent temporal analysis, observation of too few determinants concomitantly, and methods of descriptive character for analysis. Results: The results showed that the main determinants of the restatement of SFS are: being audit by Big Four; companies with debt; audit rotation; industry; size and tenure. It was also found that older companies have lower chances of restatement. There are indications of a negative relationship between restatement and the issuance of ADRs, but positive with the listing at the differentiated levels of corporate governance. Theoretical/Methodological contributions: In general, it was observed that the possible controls that might be adopted by companies to reduce conflicts of interest, information asymmetry and agency costs are not presented as able of preventing the restatement of SFS. These findings help in the indication of variables that can be included in valuation, so that the market can incorporate in its estimates factors that indicate companies more likely to restatement, therefore with uncertainty in the reliability of their results disclosed, and also assist in monitoring policies by regulatory bodies regarding the restatement of SFS.

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Section: Results Discussionsupporting

confidence: 90%

Section: Main National and International Surveyssupporting

confidence: 51%

Section: Methodology 31 Sample and Variablesmentioning

confidence: 99%

Section: Main National and International Surveysmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Determinants of Restatements in Financial Statements of Brazilian Publicly Traded Companies

Huang¹,

Nardi²

2020

CGG

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Has it become more readable? Empirical evidence of key matters in independent audit reports,

Marques

Pereira

Aquino

et al. 2021

Rev. contab. finanç.

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The aim of this study was to analyze the effect of the adoption of Brazilian Accounting Standard - Auditing Technique 701 (NBC TA 701, in its Portuguese initialism) over the readability of audit reports. The study fills a gap in the literature by obtaining empirical evidence regarding the effect of NBC TA 701 on the readability and comprehensibility of audit reports. The study is important for verifying whether the disclosure of key audit matters (KAMs) improves the ease of reading and understanding audit reports after the adoption of NBC TA 701. Unlike in the previous literature, it was observed that the effect of KAMs has a non-linear, U-shaped relationship, which suggests additional benefits to readability based on a certain quantity of key matters reported. The data from a sample of 240 listed companies on the B3 S.A. -Brasil,Bolsa,Balcão (B3), in the period from 2013 to 2018, were assessed using content analysis, descriptive statistics, difference of means tests, and panel data correlation and regression analyses. The results showed that the adoption of NBC TA 701 significantly affected the Flesch readability index (FRI) of the independent audit reports. They also confirmed that the quantity of KAMs reported increases the FRI in a non-linear way, and that the types of key matters affect readability differently according to their complexity. The results provide evidence that the new audit report improves the level of readability in a non-linear way, thus contributing to the informational content of the audit report used by the various users for decision making.

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Quando os controles importam: evidências da associação não linear entre as Deficiências de Controles Internos e a Qualidade de Auditoria

Marques,

Vaz,

Miranda

et al. 2023

Rev. contab. finanç.

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RESUMO O objetivo deste estudo foi analisar a associação entre as Deficiências de Controles Internos (DCIs) e a Qualidade de Auditoria (QA). O artigo preenche uma lacuna na literatura nacional, pois apresenta evidências de associação entre as Deficiências de Controles Internos reportadas e as principais proxies de QA. O estudo é relevante porque evidencia a inexistência de associação contemporânea entre as DCIs reportadas e a QA das empresas brasileiras negociadas em bolsa de valores, mas verificou uma associação defasada entre essas variáveis. Diferente dos estudos anteriores, observou-se que as DCIs reportadas no ano anterior podem funcionar como uma Red Flag de Auditoria no ano corrente, contribuindo assim com a avaliação de risco dos contadores, auditores, membros de comitês de governança e da auditoria e reguladores. O estudo, documental e descritivo, com abordagem quantitativa, analisou dados de uma amostra de 257 empresas negociadas na Brasil, Bolsa, Balcão (B3) no período de 2010-2018. Os dados foram avaliados a partir de modelos de regressão com dados em painel, logístico e binomial negativo. Os resultados evidenciaram que, apesar de existirem diferenças significativas entre as proxies de QA das empresas que reportaram DCIs e as que não o fizeram, não há associação contemporânea e estatisticamente significativa entre a divulgação de DCIs e as proxies de QA. Entretanto, observou-se que o audit delay e a probabilidade de envolvimento em um Processo Administrativo Sancionador (PAS) estão associados à quantidade de DCIs reportadas no ano anterior.

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Dinâmica das republicações das demonstrações contábeis no período de 1997-2012

Cited by 3 publications

References 28 publications

Determinants of Restatements in Financial Statements of Brazilian Publicly Traded Companies

Determinants of Restatements in Financial Statements of Brazilian Publicly Traded Companies

Has it become more readable? Empirical evidence of key matters in independent audit reports,

Quando os controles importam: evidências da associação não linear entre as Deficiências de Controles Internos e a Qualidade de Auditoria

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