Impact of the Adoption of International Accounting Standards in the Area of Controllership

Abstract

This study aims to investigate, under the lens of the Structuration Theory, the impact the adoption of international accounting standards has on the Controllership area of BM & F Bovespa New Market companies. A survey was done in 118 companies listed on the BM & F Bovespa New Market, with a final sample of respondents from 36 companies. A questionnaire based on Macintosh and Scapens (1990, 1991), Barrachina (2001), Giddens (2003), Junquilho (2003), and Busco (2009) was sent to controllers and/or people in Controllership who participated in the international accounting standards adoption process. Factor analysis and canonical correlation were applied to the data. The results show that the convergence process impacted Controllership structure and that action is reflected in the structure. New social rules and resources influenced the managers' actions in the structure through discussion and the power of influence, legitimizing new norms and values. Action impacted the structure, showing the duality of structure in interaction, as advocated by Giddens (1979, 1996, 2003). The conclusion is that the process of adopting international accounting standards impacted the organizational area of Controllership and caused the production and reproduction of their social order.

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