Evaluación cualitativa del conservadurismo contable en Chile

Abstract

The concept of prudence or conservatism has been studied in various investigations both from a theoretical perspective, and their practical application in the disclosure of accounting information: Basu [(1997), (2005)], Pope and Walker (2003), Watts (2003), Beaver and Ryan (2005), Brown et al (2006), Garcia Lara and Mora (2004), among others. While, the IASB has modified its framework in 2010, eliminating the concept of prudence, despite still existing prudential practices are governed by their own rules (regulatory conservatism). That concern over the issue is also appreciated in the literature review we have done, which evidenced by studying how variables empirical research, are apparent in the disclosure in the notes to the financial statements of different entities in different countries This has motivated us to conduct a study on how to materialize the conservative criteria that can be seen in the issuance of reports of economic and financial reality of the entities in Chile. For this reason, this research is qualitative based on observation of revealed and stories of how they are expressed in the notes to the financial statements useful background for assessing the effects of the conditional and unconditional conservatism information is performed. This review was conducted in 10 publicly traded companies classified in the IPSA, which were considered key informants. We conclude that there are various ways to reveal attitudes or conservatism in Chile, which is evident in the emphasis that companies show to publicize the information in the notes to this fact, as in the formats used in the various annual reports those entities.