A conformidade da divulgação dos ativos biológicos mensurados pelo nível 3 da hierarquia do valor justo

Abstract

The aim of this article is to analyse the compliance of the disclosure of biological assets measured at level 3 of the fair value hierarchy. Compliance was analysed according to 16 criteria established by the NBC TG 29 (R2) and NBC TG 46 (R2) standards. The financial statements of companies belonging to the agribusiness segment were analysed, specifically the consolidated notes and balance sheets. This is a descriptive study, with data analysed using linear regression. The study samples consisted of 8 publicly traded companies listed on B3, with data from the financial years ending 2019 to 2022. The model uses the level of disclosure as the dependent variable, proportion of biological assets measured at level 3 of the fair value hierarchy as the independent variable and other items as the control variables. The results of the research revealed that companies with a higher proportion of biological assets measured at level 3 of fair value have greater compliance with the aforementioned standards. Those audited by the Big Four and with shares traded only on domestic markets are also more in line with the standards, while companies with a high concentration of shares are less compliant. The research highlighted the effectiveness of applying the standards, offering information that can be used as support by standard setters and regulators when analysing adherence to accounting standards. This study helps to inform decisions and improve the monitoring of compliance with standards.