Resolution CVM 242 Makes CPC Technical Pronouncements Document 29 Mandatory for Public Companies

Mon, 20 Apr 2026 13:24:31 +0000
Financial Services

CVM Resolution 242, effective January 1, 2026, makes mandatory for all public companies (companhias abertas) the Technical Pronouncements Review Document No. 29 issued by the Brazilian Accounting Pronouncements Committee (CPC). The resolution aligns Brazilian accounting standards with recent International Accounting Standards Board (IASB) updates including amendments to IFRS 9 and IFRS 7, Annual Improvements Volume 11, and Nature-dependent Electricity contracts. It modifies six CPC technical pronouncements and introduces minor changes to CPC 12 and CPC Orientation 10 on carbon credits.