The conformity of asset control software to the principles of CPC 27 and ICPC 10

• Main Authors: Paulo Roberto da Cunha, Soraia Pamplona, Ilse Maria Beuren, Roberto Carlos Klann
• Format: Article
• Language: English
• Published: Universidade Estadual Paulista 2014-07-01
• Series: GEPROS: Gestão da Produção, Operações e Sistemas
• Subjects: CPC 27. ICPC 10. Fixed Assets. Software. Asset Control.
• Online Access: http://revista.feb.unesp.br/index.php/gepros/article/view/1006/548

The convergence of Brazilian accounting to international standards also requires adjusting accounting software to the new rules. In 2009, SEC Resolution No. 583 and CFC Resolution No. 1177 made it mandatory toapply Pronouncement 27 of the Accounting Procedures Committee, concerning Fixed Assets. The goal of this study is to verify whether the asset control software meets the requirements of CPC 27 and ICPC 10. A descriptive, qualitative study was carried out using a multi case study. An interview guide, with the items discussed in CPC 27 and ICPC 10, was applied to the software developers to control assets of three software companies in southern Brazil. The survey results show that the overall average of the three companies examined was 86% of compliance to the topics covered in this research. It was concluded that, in general, asset control software meets the precepts of CPC 27 and ICPC10, except for impairment and deemed cost concepts, which were not covered.