The Impact of IFRS in Brazil: The Legacy of Mandatory Book-tax Conformity

Autor(es)

Nakao, Ilvio Hiroshi ^[1] ; Gray, Sidney J. ^[2]

Afiliação do(s) autor(es)

^[1] Univ Sao Paulo, Sao Paulo - Brazil

^[2] Univ Sydney, Sydney, NSW - Australia

• Tipo de documento: Artigo Científico
• Fonte: AUSTRALIAN ACCOUNTING REVIEW; v. 28, n. 4, p. 482-495, DEC 2018.
• Citações Web of Science: 1

Resumo

We investigate how Brazil's historical and institutional context is likely important in determining the impact and benefits of International Financial Reporting Standards (IFRS) with special reference to the legacy of taxation regulation, referred to as mandatory book-tax conformity. We hypothesise that in the early period following IFRS adoption, information quality may not significantly improve in the case of companies with limited levels of stock market monitoring because of the path dependency effects of historically important tax considerations. Overall, our results are consistent with the prediction that companies with limited levels of stock market monitoring continue to exhibit book-tax conformity with no information quality improvements. At the same time, the results relating to companies with higher levels of stock market monitoring are consistent with the expected information quality improvements associated with IFRS adoption. (AU)

• Processo FAPESP: 11/07281-0 - Adoção de IFRS e influência das regras tributárias sobre as práticas contábeis de divulgação no Brasil e na Austrália
• Beneficiário: Sílvio Hiroshi Nakao
• Modalidade de apoio: Bolsas no Exterior - Pesquisa