A evidenciação das contingências tributárias pelas empresas mais representativas do IBOVESPA após a deliberação cvm nº 489 de 2005

Abstract

With the growth of the corporative world, also growth the difficulties to represent in a reliable way the various faces of the entity. At this point, are also included obligations that are not restricted to payments of bonds at predetermined contracts governed by laws or other instruments. Thus, the business dynamics creates various obligations for the entity, which often do not have appropriate tools for recognition, measurement and disclosure. In this context, various agents looking to create standards to uniform the information disseminated and guarantee minimum standards to the information disclosed. So did the Securities Commission (CVM) published the deliberation CVM N° 489/2005 covering provisions, liabilities, passive and active contingencies. With that, in addition to create internally standards for this theme, the Securities Commission sought to align with international standards accountancy, inspired its deliberation on standard issued by the IASB in 1998, IAS 37.The high tax burden and the volatility of our tax system contribute to an environment of uncertainty and disputes between the parties of tax obligations, taking the dispute over relevant values and which may compromise the financial health of the entity. Therefore, the publication of the standard issued by Securities Commission is the useful tool and indispensable to a uniform and transparent disclosure by companies. Thus, this study aims to contribute to the solution of the problem of disclosure of contingencies reviewing the literature relevant, reviewing the financial statements of the four significant firms and suggesting points of improvement in the statements.