THE INFLUENCE OF AUDIT CAPABILITY, CORPORATE BOARD AND QUALITY OF ACCOUNTING INFORMATION ON THE INDEX MARKET TO BOOK VALUE OF BRAZILIAN COMPANIES LISTED ON B3

Objective: To verify the influence of the audit structure, corporate board and the quality of accounting information in the Market to Book Value index of Brazilian companies listed in B3. Background: The audit structure and corporate board can influence the market performance of companies (Moutinho, Cerqueira and Brandao, 2012). In addition, the quality of accounting information tends to be maximized by well-defined audit mechanisms, mitigating manipulation practices and providing greater transparency to users of accounting information, which should be identified by the market and reflect on the company's performance (Almeida & Almeida, 2009; Politelo, 2013). Method: Descriptive, quantitative and documentary research. Data were extracted from Economatica (R) database and reference forms. The study period is from 2012 to 2014, with the sample 135 companies. Data analysis was performed by multiple linear regression. Results: It has been that independent audit reputation and paid non-audit fees possess positive relation with market performance, while audit committee attendance and duality are negatively related to corporate performance. Finally, companies that manage more results (as a proxy for the quality of accounting information) have a higher Market to Book Value. Contributions: It broadens the perspective of corporate managers, within the scope of the audit structure, corporate board and quality of accounting information, in order to maximize the value of the companies they manage, being, in particular, one of its most important administrative approaches.