IAS 8: sua aplicação e consequências no relato financeiro

Abstract

The main purpose of the present study is to analyze the application of IAS 8, by Portuguese companies listed on Euronext Lisbon, regarding to accounting policies changes, estimates changes and errors correction, as well as to evaluate their consequences in financial reporting. The methodology used was the direct collection and content analysis of the consolidated financial statements, and respective audit reports, of Portuguese companies listed on Euronext Lisbon for the period 2008 to 2014. We conclude that restatements frequency is insignificant in the first periods analysed and has increased significantly since 2010 (including). This situation is mainly due to the revision of IAS 19, the changes introduced in IFRS 10 and IFRS 11 and IFRIC 12. Regarding the occurrence of errors and accounting policies changes, there are few situations where we found evidence of significant effects that could affect financial statements quality, although we verify that the effects of errors and policies changes tend to protect present and/or future earnings over of past earnings.