The Brazil Securities Commission (CVM) will hold a judgment session at 15:00 on 9 September for Administrative Sanctioning Proceeding PAS 19957.016169/2023-13, which examines the responsibilities of Grant Thornton Auditores Independentes Ltda. and Tiago Kurt de Almeida Costa Brehmer for alleged non-compliance with Brazilian independent audit standards in work performed on the RB Capital Renda Fundo de Investimento Imobiliário’s financial statements dated 30 June 2022. The proceeding concerns an alleged failure to apply item 23 of Technical Audit Communication 32 on audit procedures for investment fund financial statements and items 5 and A21 of NBC TA 230 (R1) on audit documentation, which may constitute a breach of item II of article 25 and article 20 of CVM Resolution 23. The session is open to the public and will be held in person at CVM headquarters in Rio de Janeiro with videoconference access; if none of the accused or their representatives indicate an intention to participate, the decision will be taken in a restricted session via electronic voting. The acting chair’s report published ahead of the hearing may be amended after the judgment.
Brazil Securities Commission (CVM) 2025-09-09
Brazil Securities Commission schedules judgment session in case against Grant Thornton over audit of RB Capital Renda real estate fund
The Brazil Securities Commission (CVM) will hold a judgment session on 9 September regarding alleged non-compliance by Grant Thornton Auditores Independentes Ltda. and Tiago Kurt de Almeida Costa Brehmer with Brazilian audit standards. The case involves potential breaches related to audit procedures and documentation for RB Capital Renda Fundo de Investimento Imobiliário’s financial statements. The session will be public, with options for in-person or videoconference attendance.