VALUATION AFTER ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS IN BRAZIL

Abstract

This study aimed to determine possible changes in the assessment protocol of companies (Valuation) in Brazil and consequently in their results due to the adoption of International Financial Reporting Standards (IFRS). We sought to analyze benchmarks on assessments of European and Brazilian companies after IFRS adoption, and legal aspects of national companies that have influenced this process. Were analyzed Appraisal Reports Public Offerings Procurement of a national population of 27 companies (15 before and 12 after IFRS) in order to determine, for each company , the variation between the economic value obtained and their average quotation of its shares in the last 12 months before evaluation. We performed an empirical and theoretical research with quantitative approach, using the Mann-Whitney test to determine changes in the variations found in the two groups of companies. The results showed statistically significant changes for evaluations after IFRS, also increases the post- IFRS were higher than those prior to the IFRS. Therefore, it was concluded that the adoption of IFRS led to improvements in the quality, comparability and relevance of the accounting process, reflected in the refinement and accuracy of the evaluation protocol, obtaining values closer to market, although there was no change in essence of this protocol.