Legitimacy theory and political costs in accountings statements from state governments in the southeastern region of Brazil
DOI:
https://doi.org/10.11606/rco.v3i5.34734Keywords:
Legitimacy Theory, political cost, accounting statementsAbstract
Public entities used compulsory and voluntary financial statements to attend to the demands of fiscal inspectors and to allow society to follow the results of management, seeking to widen or recuperate legitimacy of their actions and to reduce public costs. The objective of the current study was to analyze compulsory and voluntary financial statements that state governments from the southeastern region of Brazil have made available on their electronic pages. Exploratory research using a qualitative approach was made, by means of analysis of compulsory disclosures, according what was established in Law nº 9.755/1998 and Complementary Law nº 101/2000, and voluntary disclosures. Qualitative characteristics from accounting information defined by the Committee on Accounting Pronouncements (CPC) in the Basic Conceptual Pronunciation: comprehensibility, relevance, reliability and comparability of statements were also analyzed. In order to determine the levels of accounting disclosure, the categories established by Hendriksen and Van Breda (1999), which consist of disclosure, adequacy and fair and complete were considered. Research results denote that disclosure of accounting information on electronic pages does not meet in a complete way the four qualitative characteristics, nor does it even meet the three levels of disclosure researched.Downloads
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