Management of Accounting Results

This research has the main objective of verifying whether, after the convergence of accounting to international standards - IFRS, there has been a change in the levels of accounting results management in publicly traded companies (except financial institutions) in Brazil. Initially, the meaning of some concepts is clarified, such as agency theory, stakeholder theory, accounting results management, discretionary accruals, and International Financial Reporting Standard (IFRS). Next, after reviewing the Brazilian and foreign literature in the area of accounting results management, data were collected from the financial statements of Brazilian companies through the Economática® database, in the pre-IFRS (2004-2007), hybrid (2008-2009) and post-IFRS (2010-2014) periods. The Kang and Sivaramakrishnan (KS) regression models were used with respect to earnings management by accruals; the models of actual management at the level of selling, general and administrative expenses (SG&A); and at production levels (PROD). It was found that there was no change in the levels of management of accounting results in the companies.