Changes in Controllership with the Process of Convergence to the International Accounting Standards

Abstract

The goal of this study is to identify changes resulting from the accounting convergence to the international accounting standards in Controllership, as an administrative body, in the role of the controller and in the accounting information systems of the company. A research with qualitative approach was conducted through a case study on a major manufacturer of electrical equipment, one of the largest in the industry worldwide. The questionnaire from the study of Angelkort, Sandt and Weißenberger (2008), composed of seven categories of analysis and twenty open questions, was adapted for the interview with the controller and the accountant of the company. The survey results are consistent with those of Angelkort, Sandt and Weißenberger (2008) in the following aspects: the adoption of IFRS resulted in using an integrated information system with data in accordance with the new standards requirements; the database of Financial Accounting has also stated being used by the Controllership; the Controllership body has gained greater importance in the company due to intensive monitoring of the IFRS implementation process; the controllers had changes in their functions and will provide information to Financial Accounting, in addition to those provided to internal control and support decision-making.