César Ramos

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Brazilian Fiscal Council (Conselho Fiscal) and Audit Committee

Introduction The Brazilian corporation law defines a supervisory board called Fiscal Council (“Conselho Fiscal”). The Brazilian SEC (CVM) defines on another hand, the characteristics of the Audit Committee that is required in Brazil in listed companies. This article presents the characteristics of each board and compare them.  Fiscal Council (Conselho Fiscal) The Fiscal Council (Conselho …

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Accounting and Auditing in Brazil

This article presents the accounting and auditing environment in Brazil. Legal and Regulatory Environment Corporation Law The Corporations Law No. 6404/76 of 1976 was amended in 2007 by Law No. 11638/07 to align financial reporting requirements in Brazil with International Accounting Standards (IAS / IFRS). Brazilian Accounting and Auditing Standards An accounting entity called Comitê …

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