Business · Companies · 7 hrs ago

Brazil accounting council upholds former Americanas accountant’s license revocation

Brazil accounting council upholds former Americanas accountant’s license revocation

Brazil’s Federal Accounting Council upheld the revocation of accountant Flávia Pereira Carneiro’s license after she appealed an earlier disciplinary decision.

Carneiro signed Americanas’ financial statements for 2020 and 2021, which were prepared without valid and reliable supporting documents, according to the council.

The decision also confirms a two-year suspension and public reprimand, and means she cannot work as an accountant.

The statements are central to the scandal at Americanas, where a shortfall of 20 billion reais came to light in early 2023.

Carneiro joined the company in 2007 and rose to lead its controllership, the area that checks its financial figures.

She is cooperating with a federal investigation after making a plea-bargain agreement, and her testimony partly supports a Federal Police operation launched in June 2024.

She may still file a further appeal before the decision is published as final.

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Edgard Monteiro de MenezesLawyer for Flávia Pereira Carneiro
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