دورية أكاديمية
Effects of the audit committee and the fiscal council on earnings quality in Brazil
| العنوان: | Effects of the audit committee and the fiscal council on earnings quality in Brazil |
|---|---|
| المؤلفون: | Vitor Gomes Baioco, José Elias Feres de Almeida |
| المصدر: | Revista Contabilidade & Finanças, Vol 28, Iss 74, Pp 229-248 (2017) |
| بيانات النشر: | Universidade de São Paulo, 2017. |
| سنة النشر: | 2017 |
| المجموعة: | LCC:Business LCC:Finance |
| مصطلحات موضوعية: | qualidade da informação contábil, conselho fiscal, comitê de auditoria, governança corporativa, conselho fiscal turbinado, Business, HF5001-6182, Finance, HG1-9999 |
| الوصف: | ABSTRACT This study evaluates the effects of the audit committee and the fiscal council with their different characteristics on earnings quality in Brazil. The proxies of earnings quality used are: relevance of accounting information, timeliness, and conditional conservatism. The sample consists of Brazilian companies listed on the Brazilian Securities, Commodities, and Futures Exchange (BM&FBOVESPA) with annual liquidity above 0.001 within the period from 2010 to 2013. Data were collected from the database Comdinheiro and the Reference Forms of companies available on the website of the Brazilian Securities and Exchange Commission (CVM) or the BM&FBOVESPA. The samples used in the study totaled 718, 688, and 722 observations for the value relevance, timeliness, and conditional conservatism models, respectively. The results indicate that different arrangements of the fiscal council and the existence of the audit committee differently impact the accounting information properties. The presence of the fiscal council positively impacted the relevance of equity, while the presence of the audit committee, the relevance of earnings. Conditional conservatism is evidenced in the group of companies with a permanent fiscal council, demonstrating that it is significant as a governance mechanism, rather than the installation for temporary operation when asked by shareholders in an ordinary general meeting. The presence of both showed significant earnings for the market, but they were not timely, something which exposes restriction to the relevance found. Lastly, the powered fiscal council showed a positive association only concerning the relevance of equity. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English Portuguese |
| تدمد: | 1808-057X 1808-057x |
| Relation: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1519-70772017000200229&lng=en&tlng=en; https://doaj.org/toc/1808-057X |
| DOI: | 10.1590/1808-057x201703250 |
| URL الوصول: | https://doaj.org/article/8fd0e450c51a4f1292048b0369928362 |
| رقم الأكسشن: | edsdoj.8fd0e450c51a4f1292048b0369928362 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 1808057X 1808057x |
|---|---|
| DOI: | 10.1590/1808-057x201703250 |