Open Accessprocess of accountability in third sector organizations in Brazil
Author(s) -
José Antônio de França,
Clésia Camilo Pereira,
Eduardo Tadeu Vieira,
Paulo César de Melo Mendes,
José Humberto Cruz Cruz,
Rubens Peres Foster Foster
Publication year - 2019
Publication title -
deleted journal
Language(s) - English
Resource type - Journals
ISSN - 2411-2933
DOI - 10.31686/ijier.vol7.iss5.1473
Subject(s) - accountability , credibility , private sector , statutory law , nonprofit sector , public sector , public administration , business , civil society , social accounting , accounting , process (computing) , public relations , political science , law , management accounting , politics , computer science , operating system
This article examines the accountability process of private foundations that are overseen by the Public Prosecutor's Office for the Federal District and Territories (MPDFT) in Brazil. Accountability is a process that provides credibility to the management of nonprofit organizations. Private foundations and nonprofit civil associations use public resources by means of tax exemptions and fiscal immunity when they perform their statutory activities, mainly those related to education, health and social assistance. The research analyzes accounting reports of a sample of 31 private foundations to verify compliance to eight basic requirements of the accounting regulation ITG 2002/12 applicable to third sector nonprofit organizations. By using comparative and quantitative methodology, the research identifies robust evidences that the private foundations overseen by the MPDFT do not fully comply with basic regulatory requirements and produce incomplete accountability.