Share:

Accounting and Its Environment in Brazil

Downloads

Download data is not yet available.

Abstract

This paper analyses the development of the business and the legal and regulatory environment of the Brazilian accounting, including the accounting education, the structure of ownership, the development of the capital market, auditing and the accounting profession. Brazilian accounting was influenced by tax legislation. Nowadays, this influence is more strong by the corporate Law and the regulation from governmental    bodies. However, in recent years has undergone significant changes. Nevertheless, important differences between Brazilian accounting standards and international accounting remain, although efforts made by Brazilian bodies to adapt their accounting norms to the international financial reporting standards. Brazilian accounting profession and representative councils are not politically strong enough to influence the  government. The Brazilian accounting standards published by the Federal Accountancy Council  don’t have legal  authority. Shortcomings in the education of accounting in Brazil have brought about the necessity for a proficiency examination and continued professional development under the Federal Accountancy Council.  

Keyword : accounting, regulatory environment, education, capital market contabilidade, ambiente regulatório, educação, mercado de capitais

How to Cite
Niyama, J. K., & Silva, C. A. T. (2005). Accounting and Its Environment in Brazil. Brazilian Business Review, 2(1), 13–32. https://doi.org/10.15728/bbr.2005.2.1.2

Send mail to Author


Send Cancel