AN INVESTIGATION ABOUT THE LEVEL OF KNOWLEDGE AND COMPLIANCE OF THE APPLICATION OF FUNDAMENTAL ACCOUNTING PRINCIPLES IN ACCOUNTANCY FIRMS

Abstract

Accountancy as applied social science has an extremely important function in the world of business, since it is expected for it to produce information that can subsidize its users when taking decisions with the less possible risk. In view of this, this research aims at verifying if the theories related to Fundamental Accounting Principles – FAP -, the foundation of Accountancy, are being applied correctly in Accounting firms in the city of Cacoal, State of Rondonia, by aiming at knowing the level of accountants’ knowledge regarding the FAP and the appearance of fines and penalties of fiscal, tax or ethical character that arise as a result of their practice, in addition to the scientific learning and the profile of professionals responsible concerning the schooling degree and the search of sustained education, as well as still trying to know how such conduct may interfere in the quality of information rendered to its users. From the methodological point of view, the research is characterized for being bibliographical and performed in the field, as well as having an exploratory, descriptive and explanative character with the application of the deductive method and semi-structured collection instrument, and the non-intentional, probabilistic technique. It was possible to conclude that Accounting professionals in the city of Cacoal have sought new knowledge within the accounting and similar areas by using the results as a base, and also stimulating their employees in this sense by believing they can minimize failures and improve customers’ satisfaction concerning produced information in this way. As for the FAPs, they demonstrated reasonable knowledge, and there is a low incidence of penalties in their regard that does not exempt the need for deeper studies.