Audit Assertions and Change of Auditors’ Opinion in the Brazilian Market
DOI:
https://doi.org/10.17524/repec.v12i1.1713Keywords:
Auditoria, Audit Assertions, Categorias de Afirmação, Opinião Modificada, Relatório do Auditor.Abstract
Objective: Investigate the use of audit assertions to justify opinion changes in Brazilian audit reports. Method: A descriptive study was undertaken through content analysis, in which 2,243 reports from 338 non-financial publicly traded companies listed on BM&FBOVESPA between 2009 and 2015 were investigated, identifying 192 audit reports with a changed opinion. We investigated whether some assertion prevails in the opinion changes and whether each of them can be associated with certain accounting equity and income groups. Results: The audit assertions Evaluation and Integrity are the most used to justify opinion changes. As for the association between the audit assertions and the accounting groups, it was verified that the categories of Existence/Occurrence tend to be associated with asset and income accounts, while the Integrity categories are related to liabilities and expenses. The relevant number of justifications based on business continuity aspects stood out. Contributions: This study contributes to the development of the Brazilian literature on auditing and to reflections on the quality of audit work, mainly by presenting evidence on how and in what dimension the Brazilian auditors use audit assertions to justify opinion changes on the financial statements.References
American Accounting Association (AAA). (1972). A statement of basic auditing concepts. The Accounting Review, vol. 47 (supplement), p.18.
Batista, C. G., Pereira, A. C., Silva, A. F. & Imoniana, J. O. (2010). Impacto dos pareceres de auditoria na variação do retorno das ações preferenciais das empresas listadas na BOVESPA. Anais Congresso USP de Controladoria e Contabilidade, São Paulo, SP, Brasil, 10. Recuperado em 04, fevereiro, 2017, de http://www.congressousp.fipecafi.org/anais/artigos102010/163.pdf
Boynton, W. C., Johnson, R. N., & Kell, W. G. (2002). Auditoria. São Paulo: Atlas.
Camargo, R. V. W. (2012). Determinantes dos Pareceres dos Auditores Independentes emitidos às Companhias Negociadas na BM&FBovespa. 206p. Dissertação de mestrado em Ciências Contábeis, Programa de Pós-Graduação em Contabilidade, Universidade Federal de Santa Catarina, Florianópolis, SC, Brasil.
Conselho Federal De Contabilidade (CFC). (2012). Normas Brasileiras de Contabilidade: NBC-TA – de Auditoria Independente. Brasília: CFC, 2012.
Damascena, L. G., Firmino, J. E., & Paulo, E. (2011). Estudo sobre os Pareceres de Auditoria: Análise dos Parágrafos de Ênfase e Ressalvas Constantes nas Demonstrações Contábeis das Companhias Listadas na Bovespa. Revista Contabilidade Vista & Revista, 22(2), pp. 125-154.
Dantas, J. A., Barreto, I. T., & Carvalho, P. R. M., & (2017). Relatório com Modificação de Opinião: Risco para o Auditor? Revista Contabilidade e Finanças, 14(33). DOI: http://dx.doi.org/10.5007/%25x
Dantas, J. A., Chaves, S. M. T., Silva, M. R., & Carvalho, R. P. (2011). Determinações de refazimento/republicação de demonstrações financeiras pela CVM: O papel dos auditores independentes. Revista Universo Contábil, 7(2), pp. 45-64. DOI: http://dx.doi.org/10.4270/ruc.2011212
Felix, W. L, & Kinney, W. R. (1982). Research in the Auditor's Opinion Formulation Process: State of the Art. The Accounting Review, 57(2), pp. 245–271.
Gramling, A. A., Rittenberg, L. E., & Johnstone, K. M. (2012). Auditoria. Tradução da 7ª edição norte-americana. São Paulo: Cengage Learning.
Hartmann, F. G. H. (2017). Accounting research: between natural science and practice. Revista Contabilidade & Finanças, 28(73), pp. 6-10. DOI: http://dx.doi.org/10.1590/1808-057x201790160
Hayes, R., Dassen, R., Schilder, A., & Wallage, P. (2005). Principles of auditing: an introduction to international standards on auditing. 2ª ed. Harlow, England: Prentice Hall.
International Auditing and Assurance Standards Board (IAASB). (2015). Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements. IAASB.
Leslie, D. A., Aldersley, S. J., Cockbum, D. J., & Reiter, C. J. (1986). An Assertion Based Approach to Auditing. Paper presented at 1986 CAAA Conference at Winnipeg, Manitoba, May 28. – professor acho que aqui deve constar recuperado ,,,,
Martinez, A. L. (2001). Gerenciamento dos Resultados Contábeis: estudo empírico das companhias abertas brasileiras. 167 f. Tese de doutorado em Ciências Contábeis da Faculdade de Economia, Administração e Contabilidade, Universidade de São Paulo, São Paulo, SP, Brasil.
Prodanov, C. C., & Freitas, E.C. (2013). Metodologia do trabalho científico [recurso eletrônico]: métodos e técnicas da pesquisa e do trabalho acadêmico. 2ª ed. Novo Hamburgo: Feevale.
Public Company Accounting Oversight Board (PCAOB). (2010). AU 311: Planning and Supervision. Recuperado em 20, janeiro, 2017, de https://pcaobus.org/Standards/Auditing/Pages/AU311.aspx
Ricchiute, D. N. Auditing and assurance services. (2002). 7ª ed. Mason, USA: Thomson Learning.
Serra, S. A. E., & Rodriguez, M T. F. (2013). Propensão para emitir relatórios de auditoria modificados: análise da variável reputação e nível de especialização do auditor. Tourism & Management Studies, 3, pp. 1015-1024. Universidade do Algarve. Faro, Portugal.
Smieliauskas, W., & Smith, L. (1990). A theory of evidence based on audit assertions. Contemporary Accounting Research, 6(2), pp. 407-426. DOI: http://dx.doi.org/10.1111/j.1911-3846.1990.tb00766.x
Waller, W. S. (1993). Auditors' Assessments of Inherent and Control Risk in Field Settings. The Accounting Review, 68(4), pp. 783-803.
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish with this journal agree to the following terms:
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under Creative Commons Attribution 3.0 Unported License, which allows the sharing of the work and recognition of authorship and its initial publication in this journal. This license allows others to distribute, remix, adapt, or create derivative works, even for commercial purposes, provided credit is given for the original creation.
b)There is no financial compensation to the authors in any capacity, for articles published in RePEc.c) The articles published in RePEc are the sole responsibility of the authors.
