Disclosure Quality of Biological Assets in Agricultural Cooperatives

This research aims to analyse the disclosure quality of biological assets in brazilian agricultural cooperatives. We applied the multivariate statistical analysis, with cluster analysis. And we also analyzed the adherence to the brazilian law about the CPC 29 (Biological Assets and Agricultural Products) in the financial statements and explanatory notes with an amount of the biggest agricultural cooperatives in Brazil. The qualitative stage involved the analysis of the financial statements of cooperative companies listed among the best ones. After the identification of the adherence to the CPC 29, we applied the statistical method of clusters analysis. The results show que these cooperatives still adopt the fair value based on historical cost, without presenting justifications or explanations for the non-adoption of fair value based on market value. The date Manda que the fair value of the method of valuation of biological assets is not consolidated in the cooperatives. Data also show that despite CPC-29 exists since 2009, it is not being fully applied in agricultural cooperatives