Medidas de compliance adotadas pelo Novo Mercado da B3 : os casos Americanas SA, Magazine Luiza SA e IRB Brasil SA

Abstract

This work addresses the problem of adulterating accounting reports, which impact companies globally, aiming to hide fraudulent transactions and acts of corruption. In the Brazilian context, publicly traded companies, belonging to B3's Novo Mercado, have faced recent fraud scandals. This study aims to analyze the compliance measures adopted by the Brazilian Stock Exchange (B3) in the face of accounting inconsistencies in the companies IRB Brasil, Americanas SA and Magazine Luiza SA. Despite the different governance criteria, the flaws revealed indicate that B3's measures were insufficient. The study seeks to understand the causes of inconsistencies and analyze B3's actions. This research is extremely important for society and investors who seek reliable information, highlighting the need for continuous improvement of compliance practices. The results of the study indicate that the companies analyzed were the target of fraud and corruption scandals, evidenced by financial losses and inconsistencies in their financial statements. Thus, the research reveals that despite the companies being listed on B3's Novo Mercado, indicating a high level of corporate governance, the compliance measures adopted were insufficient to avoid scandals. B3, responsible for listing companies, is responsible for monitoring and applying sanctions, however, only Americanas S.A. suffered a penalty, with an indefinite suspension in 2023.