Resumo

DE CABO-MORENO, Ignacio; BAUTISTA-MESA, Rafael; MOLINA-SANCHEZ, Horacio  e  RAMIREZ-SOBRINO, Jesús N. The Role of Accounting before the Financial Crisis. A Reflection on the Unconditional Conservatism of the IFRS 9. Cuad. Contab. [online]. 2014, vol.15, n.38, pp.371-395. ISSN 0123-1472.  https://doi.org/10.11144/Javeriana.cc15-38.pccf.

The International Financial Reporting Standards 9 is the answer of the International Accounting Standards Board -IASB- before the perversity of the procyclical effect of the policies that acknowledge the credit impairment and the lack of objectivity that introduce in the acknowledgement model the so-called trigger events.The solution that was finally adopted was subject to a significant controversy during the discussion process. This work makes a review of the successive proposals of the IASB, as well as those of the American Financial Accounting Standards Board -FASB-, and the different comment letters received by these entities, with the purpose of summarizing the different alternatives studied during the process. The analysis makes evident that the consequences of the financial crisis of 2008 have favored the conceptual evolution of the regulations towards unconditional conservatism. Based on the Conceptual Framework, this amendment is questionable, especially during the first years of the financial asset, as it might suppose a loss on the faithful representation of the financial situation of the companies. And, regardless of this, it does not free the bank supervisor from having to use his regulatory intervention, looking for the solvency of the system.

Palavras-chave : credit impairment; unconditional conservatism; financial crisis; procyclicity; expected losses.

        · resumo em Português | Espanhol     · texto em Espanhol     · Espanhol ( pdf )