Cases of corporate frauds with financial instruments count on simulacra of accountability. Based ... more Cases of corporate frauds with financial instruments count on simulacra of accountability. Based on grounded research, this study considered cases that were conducted for years without being detected causing billionaire injure to investors. The objective was to present how they bypassed internal controls, corporate governance, and all regulatory apparatus using substantive and symbolic resources at organization level analysis. An extensive analysis allowed perceive a common modus operandi that is described here organized by objectives. This paper also suggests a direction for accountability improvement.
Os sistemas tradicionais de Contabilidade Gerencial diferem do GECON em inumeros aspectos, nos co... more Os sistemas tradicionais de Contabilidade Gerencial diferem do GECON em inumeros aspectos, nos conceitos de mensuracao utilizados (contabeis X economicos), no metodo de custeio (absorcao X direto), no criterio de decisao (custos X resultados), alem de diversos outros. Um dos aspectos divergentes de grande relevância entre os sistemas tradicionais (incluindo o ABC) e o GECON e o objeto/foco dos sistemas. O objeto de preocupacao dos sistemas tradicionais sao os custos dos produtos e das atividades, sendo que so reconhecem resultados na atividade de venda. Para o GECON, o foco e a transacao, sendo os resultados reconhecidos e formados atraves de cada transacao, chegando por acumulacao ao resultado de produtos, atividades, departamentos e da empresa. Apos a analise elaborada dos principais sistemas indicados para apoio gerencial, com base no objeto ou foco em que se centram, concluimos, em resumo, que o GECON e o unico que atende as necessidades de gestao, nao so pelo fornecimento de in...
The main purpose of our paper is to identify and analyse the underlying stereotype attributes con... more The main purpose of our paper is to identify and analyse the underlying stereotype attributes concerning accountant, accounting and users through cartoons. Doing so, we aim to capture insights of how this spectrum of society perceives actors involved on accounting issues. Our study also differs from others as our period of analysis is long, 79 years, from 1925 to 2003. As we have the advantage of a long period and a popular non-professional database, we can work with multiple actors as accountant, accounting and users, instead of focusing on single one. And the richness of database also allowed splitting these main actors in 7 actors. In order to capture stereotype nuances of multiple actors from a cartoon database, we use discourse analysis method that has been used on other studies of identity but not to study accounting issues. As cartoons are composed by images and texts to give a message, it is richer to analyze discourse beyond images and texts. Our results are mainly consist...
Cases of corporate frauds with financial instruments count on simulacra of accountability. Based ... more Cases of corporate frauds with financial instruments count on simulacra of accountability. Based on grounded research, this study considered cases that were conducted for years without being detected causing billion-aire injury to investors. The objective was to present how they bypassed internal controls, corporate governance, and all regulatory apparatus using substantive and symbolic resources at organization level analysis. An extensive analysis allowed perceive a common modus operandi that is described here organized by objectives. This paper also suggests a direction for accountability improvement.
Corporate fraud has become an issue of growing concern in the business world. In this article, we... more Corporate fraud has become an issue of growing concern in the business world. In this article, we seek to contribute to the understanding of the phenomenon and explain how fraud occurs. We propose an integrated framework that combines the available scientific knowledge on corporate fraud. The integrated framework includes four components: society, the regulatory system, the industry, the organization and the individual. The contribution of the framework is demonstrated in two case studies that emphasize the way in which fraud agents use impression management to maintain their criminal scams: The Madoff case, in the United States, and the Banco Santos case, in Brazil. We offer three learned lessons, concerning the influence of the environment, the limited effectiveness of the fraud prevention and detection systems, and the use of impression management to maintain the fraud. We believe the discussion in this paper will be of interest to faculty and students in the fields of organizational behavior, finance, accounting, business ethics and related areas, as well as regulators and investors.
The chapter presented the evolution of Corporate Social Responsibility and Sustainability concept... more The chapter presented the evolution of Corporate Social Responsibility and Sustainability concepts and frameworks developed in order to integrate them into management (norms, certifications, indicators, standards, reports and indexes). Then it presents 3 case studies of successful companies that are benchmarking references in CSR - Sustainability strategies and practices and how they achieved their results. The first one is Natura, from cosmetic sector, recognized for its pioneering role in socio-environmental activities and investments in product innovation, in particular the Ekos’ line that extracts raw materials from Amazon rainforest, while preserves it. The other two belong to agrobusiness sector. One is Native, brand of the Balbo Organization (1946), a traditional family for the sugar and ethanol sector. It had changed its operational processes and launched the Native brand for organic sugar. Today is a reference for the organic market, operating in 70 countries, being the world’s largest producer of organic sugar and alcohol. The other one is BSBIOS, a vertical company of agroenergy. Founded in 2005, today is the largest national producer of biodiesel to national and international market. They all attend to sustainability model, but it is embedded in different ways into their corporate strategy.
There are many definitions of Corporate Governance, as a structure, as process, as policies , as ... more There are many definitions of Corporate Governance, as a structure, as process, as policies , as mechanisms, but despite their differences of focus, they mainly addressed the sustainable economic growth and protection of shareholders and other stakeholder's rights. The purpose here is to present the evolution of the main principles and frameworks as corporate and financial environment changes and set new challenges. Some important scandals that revealed the weaknesses of corporate governance frameworks are described to complement the comprehension of the object of it. It is detached the aspects simulated or ignored and the subsequent enforcement and monitoring response. Discussion about the new challenges, what corporate governance is supposed to provide and what it can promote, closes this chapter.
Cases of corporate frauds with financial instruments count on simulacra of accountability. Based ... more Cases of corporate frauds with financial instruments count on simulacra of accountability. Based on grounded research, this study considered cases that were conducted for years without being detected causing billionaire injure to investors. The objective was to present how they bypassed internal controls, corporate governance, and all regulatory apparatus using substantive and symbolic resources at organization level analysis. An extensive analysis allowed perceive a common modus operandi that is described here organized by objectives. This paper also suggests a direction for accountability improvement.
Os sistemas tradicionais de Contabilidade Gerencial diferem do GECON em inumeros aspectos, nos co... more Os sistemas tradicionais de Contabilidade Gerencial diferem do GECON em inumeros aspectos, nos conceitos de mensuracao utilizados (contabeis X economicos), no metodo de custeio (absorcao X direto), no criterio de decisao (custos X resultados), alem de diversos outros. Um dos aspectos divergentes de grande relevância entre os sistemas tradicionais (incluindo o ABC) e o GECON e o objeto/foco dos sistemas. O objeto de preocupacao dos sistemas tradicionais sao os custos dos produtos e das atividades, sendo que so reconhecem resultados na atividade de venda. Para o GECON, o foco e a transacao, sendo os resultados reconhecidos e formados atraves de cada transacao, chegando por acumulacao ao resultado de produtos, atividades, departamentos e da empresa. Apos a analise elaborada dos principais sistemas indicados para apoio gerencial, com base no objeto ou foco em que se centram, concluimos, em resumo, que o GECON e o unico que atende as necessidades de gestao, nao so pelo fornecimento de in...
The main purpose of our paper is to identify and analyse the underlying stereotype attributes con... more The main purpose of our paper is to identify and analyse the underlying stereotype attributes concerning accountant, accounting and users through cartoons. Doing so, we aim to capture insights of how this spectrum of society perceives actors involved on accounting issues. Our study also differs from others as our period of analysis is long, 79 years, from 1925 to 2003. As we have the advantage of a long period and a popular non-professional database, we can work with multiple actors as accountant, accounting and users, instead of focusing on single one. And the richness of database also allowed splitting these main actors in 7 actors. In order to capture stereotype nuances of multiple actors from a cartoon database, we use discourse analysis method that has been used on other studies of identity but not to study accounting issues. As cartoons are composed by images and texts to give a message, it is richer to analyze discourse beyond images and texts. Our results are mainly consist...
Cases of corporate frauds with financial instruments count on simulacra of accountability. Based ... more Cases of corporate frauds with financial instruments count on simulacra of accountability. Based on grounded research, this study considered cases that were conducted for years without being detected causing billion-aire injury to investors. The objective was to present how they bypassed internal controls, corporate governance, and all regulatory apparatus using substantive and symbolic resources at organization level analysis. An extensive analysis allowed perceive a common modus operandi that is described here organized by objectives. This paper also suggests a direction for accountability improvement.
Corporate fraud has become an issue of growing concern in the business world. In this article, we... more Corporate fraud has become an issue of growing concern in the business world. In this article, we seek to contribute to the understanding of the phenomenon and explain how fraud occurs. We propose an integrated framework that combines the available scientific knowledge on corporate fraud. The integrated framework includes four components: society, the regulatory system, the industry, the organization and the individual. The contribution of the framework is demonstrated in two case studies that emphasize the way in which fraud agents use impression management to maintain their criminal scams: The Madoff case, in the United States, and the Banco Santos case, in Brazil. We offer three learned lessons, concerning the influence of the environment, the limited effectiveness of the fraud prevention and detection systems, and the use of impression management to maintain the fraud. We believe the discussion in this paper will be of interest to faculty and students in the fields of organizational behavior, finance, accounting, business ethics and related areas, as well as regulators and investors.
The chapter presented the evolution of Corporate Social Responsibility and Sustainability concept... more The chapter presented the evolution of Corporate Social Responsibility and Sustainability concepts and frameworks developed in order to integrate them into management (norms, certifications, indicators, standards, reports and indexes). Then it presents 3 case studies of successful companies that are benchmarking references in CSR - Sustainability strategies and practices and how they achieved their results. The first one is Natura, from cosmetic sector, recognized for its pioneering role in socio-environmental activities and investments in product innovation, in particular the Ekos’ line that extracts raw materials from Amazon rainforest, while preserves it. The other two belong to agrobusiness sector. One is Native, brand of the Balbo Organization (1946), a traditional family for the sugar and ethanol sector. It had changed its operational processes and launched the Native brand for organic sugar. Today is a reference for the organic market, operating in 70 countries, being the world’s largest producer of organic sugar and alcohol. The other one is BSBIOS, a vertical company of agroenergy. Founded in 2005, today is the largest national producer of biodiesel to national and international market. They all attend to sustainability model, but it is embedded in different ways into their corporate strategy.
There are many definitions of Corporate Governance, as a structure, as process, as policies , as ... more There are many definitions of Corporate Governance, as a structure, as process, as policies , as mechanisms, but despite their differences of focus, they mainly addressed the sustainable economic growth and protection of shareholders and other stakeholder's rights. The purpose here is to present the evolution of the main principles and frameworks as corporate and financial environment changes and set new challenges. Some important scandals that revealed the weaknesses of corporate governance frameworks are described to complement the comprehension of the object of it. It is detached the aspects simulated or ignored and the subsequent enforcement and monitoring response. Discussion about the new challenges, what corporate governance is supposed to provide and what it can promote, closes this chapter.
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