Comptabilitat al Brasil

Accounting Rules

Tax Year

From 1 January to 31 December.

Accounting Standards

Brazil adopted the IASB's International Accounting Standards on a gradual basis between 2008 and 2010. As a consequence, there are several important changes to the Brazilian accounting practices, the most important of which is that these new accounting practices are required not only in consolidated financial statements but also in the individual financial statements (Law 11638/07). These include the recognition of leasing transactions, depreciation treatment, the recognition of intangible assets, impairment concept etc.

Accounting Regulation Bodies

Regulation of financial institutions

Accounting Reports

Financial statements must include at least: a balance sheet, profit and loss statement, statement of cash flows and notes to the financial statements.

Publication Requirements

Commercial companies are required to annually publish a balance sheet, a profit and loss account and all the information necessary to understand the financial health of the company. The documents are required within the 60 days preceding the shareholders' Annual General Meeting.

Professional Accountancy Bodies

CFC , Federal Accountancy Council
CPC , Accounting Pronouncements Committee

Certification and Auditing

Not a cell value (proposed is null). The corrected claim: the cell's 'Securities and Exchange Commission' is the accepted English rendering of the CVM - as IFAC itself writes it - and needs only '(CVM)' added for disambiguation, rather than being replaced as a wrong institution.

Accounting News