Redeca, Revista Eletrônica do Departamento de Ciências Contábeis & Departamento de Atuária e Métodos Quantitativos

Use of Artificial Intelligence in the insurance market: an approach based on the level of disclosure in financial reports

Fabiana Lopes da Silva — 2025-01-31

In view of technological advancements and the increasing use of Artificial Intelligence (AI) across various economic sectors, this study aimed to investigate the use of AI by Brazilian insurance companies based on its disclosure in financial statements, management reports, and sustainability reports. A sample of 30 insurers, representing 80.8% of the total market premium volume as of September 30, 2024, was selected. Financial statements dated December 31, 2023, and June 30, 2024, as well as the sustainability reports dated December 31, 2023, were analyzed. The results indicated that only nine insurers disclosed the use of AI in their reports. Among the disclosed AI applications were improving customer and broker experience, developing products and solutions, achieving operational excellence and digitalization, fostering an AI-driven culture, and attracting new talent.

Credit risk in microcredit programs: the role of gender, age, and education variables

Antonio Martiningo Filho — 2025-04-02

This study aimed to analyze the credit risk of a leading microcredit operation in Brazil, both in terms of the number of clients served and the size of the asset portfolio. The study considered a sample of 10,000 operations contracted in 2022, randomly selected, and multivariate logistic regression analysis was applied to investigate how default is associated with data from groups of people. The final model selected considered six independent variables, all significant, and the results show that demographic variables such as age, education, and gender significantly differentiate the groups of defaulters and compliant borrowers. The number of men and illiterate individuals had positive coefficients, which suggests that an increase in these variables is associated with an increase in the chance of default. The average age had a negative coefficient, suggesting that an increase in this variable is associated with a reduction in the probability of default.

Analysis of the Relationship between Profitability and Sporting Success of Brazilian Football Clubs

Luiz Guilherme Santos Nedochetko — 2025-07-08

Football, in addition to being an important source of entertainment, is a highly lucrative economic sector, generating 286 billion dollars annually, according to Valor (2022). Effective financial management is crucial for the success or failure of clubs. This article analyzes the finances of Brazilian football clubs and their positions in the Brazilian Championship from 2017 to 2019. The relationship between profitability and sports performance was positive, although success in football also depends on other factors, which will be discussed throughout the study.

Financial inclusion and inflation in Nigeria

Emmanuel Oyasor — 2025-08-22

This study examined the impact of financial inclusion on inflation in Nigeria. Secondary Data were obtained from Central Bank of Nigeria statistical bulletin from 1993 to 2022. The study employed Auto Regressive Distributed Lag to analyze the data obtained. The study found that credit to small and medium scale, currency in circulation, deposits of rural branches of commercial banks and number of registered mobile money account have impact on inflation in Nigeria. The study concluded that financial inclusion influences inflation in Nigeria. The study recommends that financial institutions, especially commercial banks in Nigeria, expand their loans to the small and medium scale enterprises for more profitable investments in light of the results and conclusions derived from them. This will improve domestic investment, expand the size of the financial sector's expansion, and increase access to investible money. Finally, monetary authorities in Nigeria should put measures in place to always ensure financial inclusiveness. This will go a long way in reducing uncertainty regarding investment opportunities and encourage investors to put their funds in the local markets.

The challenges for the adoption of IFRS S1 under Holcim’s perspective

Lilian Cristina Garcia Downes — 2025-08-22

The objective of this study is to analyse the disclosure of sustainability and verify the adherence of these information to IFRS S1 requirements. The mandatory adoption of this standard starts on 2026. For this purpose, Holcim company disclosed information is used and the Integrated Report referring to 2022 and 2023. This company acts in global levels with high representativeness on the cement sector, that presents a strong environmental impact. Thus, it is demonstrated which standards requirements are being disclosed by this company, supporting stakeholders in their decision-making. The company presented a good level of disclosure and adherence to the standards requirements, 62,1% in 2022 and 71,2% in 2023. The increase on the publication for the period analysed is due to an improvement on Risk Management, and Metrics and Targets disclosure. Therefore, this evolution may indicate a transition for the adherence to IFRS S1 requirements, showing the need of additional publication.

Earnings management in emerging economy: what is the mitigating role of adopting IFRS?

Segun Abogun — 2025-08-22

Earnings management, a global concern with detrimental impacts on firms and stakeholders, has prompted extensive academic inquiry. This study investigates the influence of corporate governance mechanisms and the adoption of International Financial Reporting Standards (IFRS) on earnings management among Nigerian manufacturing firms. Using a balanced panel of 668 firm-year observations from 52 listed companies between 2007 and 2022, the research employs fixed and random effects models alongside Two Sample t-tests. The findings indicate significant differences in earnings management pre- and post-IFRS adoption, with independent board size and audit committee composition significantly affecting earnings management. The study concludes that IFRS adoption and corporate governance mechanisms play crucial roles in moderating earnings management.

Fair value accounting and financial reporting quality of listed consumer goods firms in Nigeria: moderating role of audit committee

Kabiru Isa Dandago — 2025-08-22

The study’s relevance lies in testing the effectiveness and efficiency of Nigerian audit committees in mitigating investors' perceptions of estimation errors and bias, which are inherent in fair value accounting. The purpose of the study was to examine the moderating effects of audit committees on the relationship between fair value accounting and the financial reporting quality of listed consumer goods firms in Nigeria. To achieve the objective, both accounting and market quality measures were adopted, including earnings management (discretionary accruals). A correlational research design was employed in a sample of 17 firms from 2012 to 2022. Structural equation modeling was used in the data analysis, and the study found that Level 1 fair value assets have a significant negative impact on financial reporting quality, while Level 3 fair value assets have an insignificant negative effect. The study, on the other hand, found that Level 2 fair value assets and Level 1 fair value liabilities have an insignificant positive impact on financial reporting quality. The findings also revealed that Level 3 fair value assets and Level 2 fair value liabilities have a significant positive impact on financial reporting quality. However, the findings indicated that the audit committee attributes index has a significant moderating effect on the relationship between fair value accounting and the financial reporting quality of listed consumer goods firms in Nigeria. The findings of the study are robust to the potential confounding effect of firm characteristics (firm size and firm age). The study contributed to the debate on the usefulness of fair value accounting by providing policymakers and standard setters with updated empirical evidence originating from a non-Western setting about the post-implementation consequences of fair value accounting adoption.

Playing with skills

Emilene Faria Mesquita — 2025-09-19

This study analyzed how playful activities and group dynamics contribute to the development of competencies in Cost Accounting education. Based on a systematic literature review and an analysis of studies published in articles and conference proceedings, nine methodological proposals were identified, including board games, simulations, digital role-playing games (RPGs), and gamification resources. The results show that these methodologies enhance conceptual learning, promote active engagement, and foster the development of technical, cognitive, interpersonal, digital, and ethical competencies. Emerging trends were also identified, such as the use of artificial intelligence in digital games, which increases the personalization and interactivity of learning. The findings are aligned with the IES issued by the IFAC and the Management Accounting Competency Framework of the IMA, as well as with the Brazilian National Curriculum Guidelines, indicating that these activities can effectively integrate theory and practice, preparing students for the challenges of the profession.