O Impacto da Convergência Contábil na Evidencia o dos Instrumentos Financeiros Derivativos das Empresas Brasileiras

The complexity and the risks involved in derivative financial instruments and their proper disclosure are very important to show the financial and economic situation of companies that use them. In this context, this work was carried out to analyze the overall level of disclosure that the Brazilians joint-stock companies provide in their financial reporting, more specifically, we analyzed the impact of accounting convergence in the level of disclosure. The sample involved 21 companies listed on BOVESPA, between 2005 and 2010, and analyzed their notes to financial statement because these notes included quantitative and qualitative information about the derivative operations. The disclosure was measured according to the instrument developed by Daros and Borba (2005), which has seven items. Each of these items was evaluated based on a scale ranging from grades 0, 1 and 2. The increase was noticed as considerable in the disclosure of derivatives, possibly because of changes in accounting standards in Brazil, but companies continued to fail to provide, in a complete, all information required by the instrument of data collection used.