ACCOUNTING DISCLOSURE IN NON-PROFIT BRAZILIAN ENTITIES: ADEQUACY TO BRAZILIAN ACCOUNTING STANDARDS

Abstract

This study aims to identify the suitability of Brazilian organizations that act in the third sector, in relation to Brazilian Accounting Standards. It was analyzed 46 third sector entities of Santa Catarina - Brazil, which had the information about balance sheet, income statement, statement of surplus or deficit, and explanatory notes disclosed in the National Register of Entities, on Ministry of Justice website, for the years 2009 to 2011. In order to do it, a check list technique was used, elaborated with base on the requirements of the Brazilian Accounting Standards for nonprofits entities (NBC T – 3 and NBC T – 10.19). The results show that the disclosure overall rate for the three years analyzed was 51.73%, being far from ideal. This index was calculated by the proportion of items shown in the total of items investigated. Another finding was that the standardized framework for prosecutors to disclosure the accounting information does not address all obligatoriness brought by standardization. The conclusion of the article is that the third sector entities showed low levels of disclosure, and the standardized structure by the Ministry of Justice takes the entities to disclose only what is necessary for the report to be accepted by the system, not encouraging the dissemination of data beyond the mandatory.