Evidenciação das características básicas recomendadas pelo coso (2004) para a gestão de riscos em ambientes de controle no relatório da administração de empresas brasileiras com ADRs

Abstract

The study aims to determine whether the basic characteristics recommended by COSO (2004) to establish a control environment are being widely disclosed as established by the Sarbanes-Oxley Act in the administration report of Brazilian companies issuing ADRs. Descriptive research was carried out through the analysis of the administration reports of 2007 of a sample of 28 Brazilian companies issuing American Depositary Receipts. The survey results show that all components or environments of COSO model or (2004) were identifi ed in the administration report, but not all of the basic characteristics of the components or environments were disclosed by the companies. It was concluded that companies’ efforts are still necessary so as to have all the basic characteristics recommended by COSO (2004) to establish a control environment widely disclosed in the administration reports. Motivation for this non-disclosure leads to empirical research on these companies.