BEYOND THE FINANCIAL AUDIT: FACTORS THAT CAN INFLUENCE THE PRESENCE OF LARGEST ACCOUNTING FIRMS IN THE ASSURANCE MARKET OF SUSTAINABILITY REPORTS IN BRAZIL

Authors

DOI:

https://doi.org/10.14392/asaa.2021140303

Abstract

Purpose: The purpose of this paper is to analyze the factors that can influence the presence of largest accounting firms in the assurance market of Sustainability Reports in Brazil.

Method: The sample includes 47 public companies that assured their sustainability reporting from the period 2012-2018. Data were analyzed using the statistical techniques Anacor, HOMALS and hierarchical logistic regression for panel data.

Findings: The evidence supports that the provision of audit and sustainability assurance services, as well as mimetic isomorphism are factors that positively affect the entry of largest accounting firms in the assurance market of sustainability reports in Brazil. These results suggest a potential competitive advantage for the largest accounting firms over other providers in this emerging market.

Research implications: This work has important practical implications for professionals and standardization bodies in the accounting area, because the notarization of accounting professionals in the assurance market of sustainability reports should promote interest in developing institutional support for this practice.

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Author Biographies

Hans Michael Van Bellen, Universidade Federal de Santa Catarina

Doutor em Engenharia de Produção pela Universidade Federal de Santa Catarina e Pós Doutorado junto a University of California - Berkeley. Professor do programa de Programa de Pós-Graduação de Contabilidade da Universidade Federal de Santa Catarina – PPGC/UFSC. Endereço: Campus Reitor João David Ferreira Lima, s/n - Trindade, Florianópolis - SC, 88040-900 - Centro Socioeconômico. E-mail: hans.michael@ufsc.br. Orcid id: https://orcid.org/0000-0002-9224-7232.

Alex Mussoi Ribeiro , Universidade Federal de Santa Catarina

Doutor em Controladoria e Contabilidade pela Universidade de São Paulo. Professor do Programa de Pós-Graduação de Contabilidade da Universidade Federal de Santa Catarina – PPGC/UFSC. Endereço: Campus Reitor João David Ferreira Lima, s/n - Trindade, Florianópolis - SC, 88040-900 - Centro Socioeconômico. E-mail alex.mussoi@ufsc.br. Orcid id: https://orcid.org/0000-0003-3389-9713

Published

05/12/2021

How to Cite

Silveira, G. B. ., Van Bellen, H. M. ., & Mussoi Ribeiro , A. (2021). BEYOND THE FINANCIAL AUDIT: FACTORS THAT CAN INFLUENCE THE PRESENCE OF LARGEST ACCOUNTING FIRMS IN THE ASSURANCE MARKET OF SUSTAINABILITY REPORTS IN BRAZIL. Advances in Scientific and Applied Accounting, 14(3), 070–084/085. https://doi.org/10.14392/asaa.2021140303

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Section

ARTIGOS