Accounting means an information and evaluation system that aims to provide its users with financial, physical and productivity statements and analyzes regarding the entity being accounted for.
An information system comprises an articulated set of data, accumulation techniques, adjustments and report editing that allow addressing information of a repetitive nature with maximum relevance and minimum cost, as well as providing conditions for, through the use of primary information contained in the basic file, together with techniques derived from accounting itself and / or other disciplines, provide exception reports for specific purposes, on specific opportunities or not.
As an accounting user, any individual or legal entity interested in assessing the status and progress of a particular entity is understood , and users can be divided into external and internal to the entity. The former are basically made up of shareholders, fund providers and creditors in general, as well as members of the capital market as a whole, in the sense that the entity, its nature and the relevance of the information provided openly by it influence, even if indirectly. , that market. Internal users are the administrators (at all levels) of the entity, as well as the tax authorities.
External users and internal users also need reliable, accurate information, presented honestly and free from distortions, and in order to have this reliability, this information must be examined by properly trained people, other than the person in charge of preparing it; therefore, they must be examined by an auditor.
According to art. 31 of CVM Instruction no. 308/1999, the rotation in the provision of auditing services for financial statements to the same entity carried out by an independent auditor must occur, at the most, every five consecutive years, with a minimum interval of three years for their rehiring.