Quality of the Explanatory Notes of Brazilian Federal Professional Councils

Abstract

Objective: This study aimed to verify whether the audit and organizational factors of the Brazilian Federal Professional Supervisory Councils (CFFPs) influenced the quality of their notes to the financial statements for the year 2021. Method: A bibliographical and documentary study was carried out, with a quantitative, predominantly descriptive approach. Results: The results indicate that auditing, whether internal or external to the entity, improves the quality of the notes to the financial statements (NEs); size, whose proxy is the number of members, and time since incorporation, however, did not significantly affect it. Although this study did not focus on the organizational governance and asset size of CFFPs, the evidence shows that there is a positive and significant correlation between these factors and the quality of the NEs. Contributions: this research can contribute to a better understanding of the relationship between auditing and organizational factors in the quality of accounting information, providing inputs and empirical considerations for the development of more effective public policies aimed at improving the transparency and accountability of these entities.