Accounting treatment of joint operations in Brazil in light of the current accounting standards

ABSTRACT The aim of this paper was to analyze the accounting treatment used by companies in Brazil that have investments joint operations, light Brazilian and international standards. There are no doubts about be consolidated statements, but a divergence identified between standards relation individual statements. IFRS 11 determines investors recognize values operation proportionally separate However, standard includes paragraph determining only operations with legal personality can measured statements proportionally. CPC 19 foresees different treatments depending on form operation, omitting vehicle. topic is relevant, as mean our practices do not comply ones. Besides contributing literature businesses, essay indicates regulatory bodies need modify so it fits As well discussing current standard, an analysis carried out respective infer how they fit results indicate composed through vehicle, main contribution draws attention companies, auditors, regulators non-compliance.