ANALYSIS OF VALORIZATION METHODS IN USE: A STUDY MADE WITH INDEPENDENT BRAZILIAN AUDITORS

Abstract

The principal objectives of this article were to investigate the methods used in determining the value of Brazilian companies, to identify the reasons that lead companies to ask for a valorization, to demonstrate the relationship between accounting and the valorization processes of companies and to identify companies that employ these processes. The sample group was made up of 300 independent auditors while the work used a sample of 34 companies. The instrument used for data collection was a questionnaire of closed questions, divided into five parts. This instrument was applied during the months of February, March and April 2006. In regard to the degree of utilization of valorization methods, the results ndicate great frequency of use of methods that are based on cash flow. The reason for the value determination and the situation that the company finds itself in are essential for determining the method and the use of combined methods. In terms of the most important items at the moment of valorization what stand out are the quality and quantity of accounting information that is available. The current work indicates that all those questioned used accounting in the valorization process. It can be stated that the accounting information most used are financial, commercial, labor and hiring contracts and the companies’ account books. Key words: Valorization of companies. Valorization methods. Independent auditors.