Brazil Securities Commission launches consultation on IFRS 18-related accounting amendments and mandatory CPC review document effective 2027

The Brazil Securities Commission (CVM) opened Public Consultation SNC 02/25 on amendments to other accounting regulations arising from Technical Pronouncement CPC 51, aligned with International Financial Reporting Standard IFRS 18. The draft would make it mandatory for listed companies to apply Technical Pronouncements Review Document No. 28, which sets out the consequential amendments resulting from CPC 51, and accepts comments until 29 September 2025. The proposal is intended to take effect on 1 January 2027, applying to financial years beginning on or after that date. CVM also noted that Public Consultation SNC 01/25, which covers the mandatory adoption of CPC 51 itself for listed companies, remains open until 12 September 2025, with CPC 51 expected to replace CPC 26 (R1) following the International Accounting Standards Board’s revision of presentation and disclosure requirements reflected in IFRS 18. CVM did not conduct a regulatory impact assessment for SNC 02/25, citing that the changes only update existing references and do not alter the substantive requirements of the affected standards.