Brazilian Institute of Accountants

(redirected from IBRACON)
Also found in: Acronyms.

Brazilian Institute of Accountants

Also called IBRACON. An organization that helps set the accounting standards for Brazil. It also lobbies on behalf of accountants and auditors.
References in periodicals archive ?
To ease the transition to IFRS, both the CFC and IBRACON have been conducting training seminars for local companies and professional associations throughout Brazil.
Equation (11), recommended by the Brazilian Concrete Institute (Ibracon, 2003), was also used.
Analyzing the Brazilian situation, one observes that the accounting profession is represented by the Federal Council of Accountancy (CFC) and by the Institute of Independent Auditors of Brazil (IBRACON).
In terms of accounting standards, the subject is approached by organizations such as the International Accounting Standards Board (IASB), the Financial Accounting Standards Board (FASB), the Brazilian Independent Auditors Institute (IBRACON) among others, mainly in terms of recognition, measurement and disclosure of liabilities, provisions and contingencies.