Evidências de não consolidação de demonstrações contábeis entre subsidiárias de grupos estrangeiros no SFN

• Ano de defesa: 2012
• Autor(a) principal: Baldivieso, Tatiana Lago Martinez Navarro
• Orientador(a): Iudícibus, Sérgio de
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Pontifícia Universidade Católica de São Paulo
• Programa de Pós-Graduação: Programa de Estudos Pós-Graduados em Ciências Contábeis e Atuariais
• Departamento: Ciências Cont. Atuariais
• País: BR
• Palavras-chave em Português: Consolidação; Demonstrações contábeis; Grupo econômico
• Palavras-chave em Inglês: Consolidation; Financial statements; Economic group
• Área do conhecimento CNPq: CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEIS
• Link de acesso: https://tede2.pucsp.br/handle/handle/1494

Consolidated financial statements present the financial situation of an economic group, which is made up of a parent company and its subsidiaries and associates, as if they were a single entity. Accounting principles adopted in Brazil as well as international financial reporting standards (IFRS) regarding consolidation establish that the parent company must present consolidated financial statements. The Brazilian National Financial System (SFN) allows foreign groups to have entities whose specific purpose is to complement the activities of their financial institutions. Nonetheless, if the only link among the Brazilian entities is the parent company located abroad, disclosing consolidated financial statements in Brazil is no longer mandatory. This procedure is in compliance with accounting standards, however, a crucial issue arises: users of accounting information have no access to the relationships among the Brazilian entities. Even if the parent company abroad discloses consolidated financial statements, they will certainly not be available in Portuguese. In addition, just as some accounting practices adopted in Brazil limit options included in the IFRS, other countries may also adapt accounting practices to their local markets. The accounting recognition is based on rules rather than on principles which determine the consolidation regardless of any equity interest. This study is an exploratory research aimed to investigate and reveal cases of nonconsolidation of subsidiaries from foreign groups in the SFN together with financial institutions supervised by the Central Bank of Brazil (BACEN) as well as absence of information on the relationship among entities belonging to a single economic group. To that end, we carried out a bibliographic research and sent out questionnaires to heads of accounting from 25 foreign groups in the SFN, so as to collect data for later analysis. We also used data from explanatory notes disclosed by these groups for the year ended 12/31/2010. The results demonstrate that the foreign groups hold subsidiaries in the country whose consolidation is carried out solely by the parent company abroad. We also observed that explanatory notes from related parties do not present sufficient information to determine the relationship among subsidiaries