meta_id 3560676

On October 5, 2026, the Comissão de Valores Mobiliários (CVM), Brazil's securities regulator, initiated a public consultation to update accounting standards applicable to publicly listed companies in alignment with international standards issued by the International Accounting Standards Board (IASB). The CVM proposes making mandatory for publicly listed companies the Technical Pronouncements Review No. 30, issued by the Comitê de Pronunciamentos Contábeis (CPC), which contains amendments to Technical Pronouncements CPC 18 (R3) – Investment in Associates and Joint Ventures – and CPC 36 (R3) – Consolidated Financial Statements. The review aims to reverse previously approved amendments and restore equivalence between CPC 18 and CPC 36 with their corresponding International Accounting Standards (IAS 28 and IFRS 10). This convergence ensures Brazilian accounting standards remain aligned with current international frameworks, supporting consistency in financial reporting for companies operating across multiple jurisdictions and enhancing comparability for investors and stakeholders. The consultation period runs until November 3, 2026. Stakeholders can submit comments and suggestions through three channels: the Comitê de Pronunciamentos Contábeis via email at cpc@cpc.org.br; the CVM's Accounting Standards Superintendence via email at conspublicasnc0226@cvm.gov.br or by post to Rua Sete de Setembro, 111, 27th floor, Rio de Janeiro; and the Conselho Federal de Contabilidade (CFC) via email at ap.nbc@cfc.org.br or by post to SAS, Quadra 5, Bloco J, Brasília. The CVM notes that no regulatory impact analysis was conducted, as the proposal aligns with international accounting convergence standards under Decree 10,411.