On Jun. 5, BRZ CVM approved the review of technical pronouncement.
BRZ CVM published Resolution 205 to approve mandatory review of technical pronouncement 26, issued by the Accounting Pronouncements Committee (CPC).
Highlights
The review od document 26 is mandatory for public companies, as per Annex A.
The document changes Technical Pronouncements CPC 32 - Taxes on Profit and CPC 48 - Financial Instruments, to adjust adherence to international accounting standards.
Effectiveness
This Resolution will come into force on Jul. 1, 2024.
Sep. 2024 BRZ CVM New Pronouncements
On Sep. 23, 2024, BRZ CVM issued Resolutions 211, 212 and 213 re mandatory requirements for publicly-held companies regarding documents issued by the CPC.
Resolution 211 makes mandatory for public companies Technical Pronouncement CPC 18 (R3), Investment in Associates and Jointly Controlled Ventures, as per Annex A.
Resolution 212 makes mandatory Technical Interpretation ICPC 09 (R3).
R3 entitled, Individual Financial Statements, Separate Financial Statements, Consolidated Financial Statements and Application of the Equity Method.
Resolution 213 makes mandatory filing Technical Pronouncement Review Document 27
Document 27 has changes to Technical Pronouncements CPC 02 (R2), CPC 37 (R1).
The new resolutions comes into effect on Jan. 1, 2025, and apply to fiscal years beginning on or after this date; also repeal Resolution 118 and Resolution 124.
Regulators
BRZ CVM
Entity Types
B/D; Exch; IA; Inv Co
Reference
PR, Res 213, Res 212, Res 213, 9/23/2024; Res 205, 6/5/2024
