Banca de DEFESA: GÉSSICA CAPPELLESSO

Uma banca de DEFESA de DOUTORADO foi cadastrada pelo programa.
STUDENT : GÉSSICA CAPPELLESSO
DATE: 06/02/2025
TIME: 10:00
LOCAL: Plataforma Teams
TITLE:

THE USEFULNESS OF INFORMATION ABOUT THE GOODWILL IMPAIRMENT TEST

KEY WORDS:

Impairment test, Goodwill, Usefulness; Discretion; Shielding effect.

PAGES: 117
BIG AREA: Ciências Sociais Aplicadas
AREA: Administração
SUBÁREA: Ciências Contábeis
SUMMARY:

This thesis aimed to analyze, theoretically and empirically, the usefulness of information on the goodwill impairment test. For this, three studies were carried out. The first aimed to discuss the usefulness of the goodwill impairment test based on the qualitative characteristics of accounting information presented in the IASB Conceptual Framework. With this, we conclude that the discretion of the test directly affects all qualitative characteristics and costs, but this impact depends on how discretion is used. Test complexity directly affects costs, faithful representation, verifiability, understandability, and impacts indirectly comparability, due to its effect on faithful representation. Ultimately, the shielding effect directly deteriorates timeliness and faithful representation. The second study focuses on one of these qualitative characteristics and carries out an empirical analysis in the national context, intending to examine the timeliness of goodwill impairment losses perceived by the Brazilian capital market. The findings show that goodwill impairment loss is not timely recognized and that managers delay it by at least one to two years, with stronger evidence for late recognition by two years. In addition, the amount of recognized losses may be influenced by returns that occurred up to three years before it was recorded. The latest study extends this investigation and analyzes the influence of audit quality, measured by auditor characteristics, on the timeliness of goodwill impairment losses perceived by the Brazilian capital market. The results demonstrated that audit quality does not impact the timely recognition of goodwill impairment, but, as the firm concludes that the loss is necessary, a quality audit can influence its amounts. Also, it is observed that losses are delayed by one and two years and that the lower audit quality (given by higher non-audit fees) is related to a two-year delay. In short, it can be seen that goodwill impairment losses are not entirely useful information from the point of view of the qualitative characteristics of accounting information, with timeliness being one of the affected characteristics. This does not mean that the impairment approach must be substituted, but that changes to the standard and its application must be carried out by different agents, such as IASB, managers, auditors, and regulatory bodies

COMMITTEE MEMBERS:
Externo à Instituição - BRUNO MEIRELLES SALOTTI - USP
Externa à Instituição - ELIONOR FARAH JREIGE WEFFORT - FECAP
Interno - 1450485 - JOMAR MIRANDA RODRIGUES
Presidente - 2122897 - JORGE KATSUMI NIYAMA
Interno - 1363469 - PAULO ROBERTO BARBOSA LUSTOSA