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Abstract(s)
O atual, e já contínuo, clima de instabilidade e crise financeira, devasta diversos países.
As empresas não duram para sempre, passando todas pelos mesmo processo: nascem, vivem e morrer. Algumas podem não chegar a viver, não atingindo o período suficiente para se estabelecer no mercado, enquanto que outras conseguem-no no tempo suficiente para se considerar com uma grande longevidade, surgindo então a temática da insolvência.
Neste sentido, insolvência empresarial pode ser definida como uma incapacidade das empresas cumprirem com as suas obrigações. Os modelos de previsão de insolvência surgiram como uma ferramenta de análise e que permitem identificar qual a situação económica da empresa.
Em meados dos anos sessenta, começaram estudos sobre a insolvência financeira. Como iremos ver ao longo deste estudo, Beaver e Altman foram os investigadores pioneiros, e a partir daqui, foi definida uma nova era, na qual foi permitido a outros investigadores desenvolverem modelos próprios baseados nas investigações dos acima referidos.
Após o desenvolvimento dos modelos, começaram também a surgir modelos baseados em dados não financeiros, que vieram revolucionar e completar os modelos até à altura criados e assim, aproximando-se o mais possível da realidade.
Surge então a questão do que está na base das insolvências das empresas. Há quem defenda que os fenómenos externos conjuntamente com os internos são as causas das insolvências empresariais. No entanto, o aspeto mais credível são as informações financeiras das empresas.
O presente estudo tem como objetivo analisar as práticas utilizadas nos dias de hoje, na deteção e prevenção de insolvências, tendo por base a opinião de auditores, fazendo o paralelismo entre a insolvência e as informações e demonstrações financeiras relevantes para a evitar.
The current, and continuous, clime of instability and financial crises, devastates several countries Companies don´t last forever and they all pass through the same process: they are born, live and die. Some might not even get to “live”, not reaching the sufficient period to establish in the market, while other companies get it with enough time to be considered with great longevity, surging then the insolvency thematic. In this sense, corporate insolvency can be defined as the incapacity of the companies to comply with their obligations. Insolvency prediction models appeared as an analytical tool that allows identifying the economic situation of a company. In the ‘60s, studies about financial insolvency began. As we will look throughout this study, Beaver and Altman were the pioneer investigators, and from that point on, a new era was defined, in which allowed other investigators to develop their own models based on the investigations referred above. After the development of the models, other models based on non-financial data started to surge, which came to revolutionize and complete the models until then created and so, getting them closer to reality. Appears then the question of what is the base for the insolvency of companies. There is who defends that the external phenoms together with the internal ones are the cause for corporate insolvency. The goal of this studies to analyse the practices used nowadays, in the detection and prevention of insolvencies, having as a base the opinion of auditors, doing the parallelism between the insolvency and the information and financial statements relevant to avoid it.
The current, and continuous, clime of instability and financial crises, devastates several countries Companies don´t last forever and they all pass through the same process: they are born, live and die. Some might not even get to “live”, not reaching the sufficient period to establish in the market, while other companies get it with enough time to be considered with great longevity, surging then the insolvency thematic. In this sense, corporate insolvency can be defined as the incapacity of the companies to comply with their obligations. Insolvency prediction models appeared as an analytical tool that allows identifying the economic situation of a company. In the ‘60s, studies about financial insolvency began. As we will look throughout this study, Beaver and Altman were the pioneer investigators, and from that point on, a new era was defined, in which allowed other investigators to develop their own models based on the investigations referred above. After the development of the models, other models based on non-financial data started to surge, which came to revolutionize and complete the models until then created and so, getting them closer to reality. Appears then the question of what is the base for the insolvency of companies. There is who defends that the external phenoms together with the internal ones are the cause for corporate insolvency. The goal of this studies to analyse the practices used nowadays, in the detection and prevention of insolvencies, having as a base the opinion of auditors, doing the parallelism between the insolvency and the information and financial statements relevant to avoid it.
Description
Keywords
Insolvência Modelos de previsão Informação financeira Opinião do auditor Insolvency Prediction models Financial information Auditor’s opinion