IMPAIRMENT TEST OF THE ASSETS: A STUDY ON DISCLOSURE IN COMPANIES OF DIFFERENT SEGMENTS OF THE BM&FBOVESPA

Abstract

The process of convergence of Brazilian accounting practices with international accounting standards brought changes in various aspects of accounting. Among these is the obligation to carry out periodic impairment test of assets. This study aimed to verify that publicly traded companies listed on BM&FBOVESPA at different levels of corporate governance, that constituted or reversed the loss in recoverable value of assets in 2015, specifically in relation to the Fixed Assets and Intangible Assets, made the disclosure in accordance with the CPC 01 (R1). Companies were analyzed new market, level 1 and level 2, since these have a high level of corporate governance and a greater level of detail on the financial statements users. In addition, it was examined whether the opinions of the independent auditors regarding the companies that did not comply with the requirements of the CPC 01 (R1). The research methodology was classified as qualitative, descriptive and documentary, seeking to verify 143 companies, of these 17 recognized losses or reversals and were of analysis on the disclosure of impairment test. It was concluded that none of the companies analyzed disclosed fully all the requirements listed in the CPC 01 (R1). In the opinion of independent auditors nothing consisted on non-compliance of the items of disclosure required. The lack of transparency in the presentation in explanatory notes became a limiter as for understanding about the impairment test of assets.