The process of accountability in third sector organizations in Brazil

• Jose Antonio De França

  Universidade de Brasilia (UnB)

  Author

• Clesia Camilo Pereira Pereira

  Universidade de Brasilia (UnB)

  Author

• Eduardo Tadeu VIEIRA Vieira

  Universidade de Brasilia (UnB)

  Author

• Paulo César de Melo Mendes Mendes

  Universidade de Brasilia (UnB) Brazil

  Author

• José Humberto Cruz Cruz

  Universidade de Brasilia (UnB) Brazil

  Author

• Rubens Peres Foster Foster

  Universidade de Brasilia (UnB) Brazil

  Author

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.

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Copyright (c) 2019 Jose Antonio De França, Clesia Camilo Pereira Pereira, Eduardo Tadeu VIEIRA Vieira, Paulo César de Melo Mendes Mendes, José Humberto Cruz Cruz, Rubens Peres Foster Foster

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