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A implementação adequada e eficaz de um sistema de controlos internos tem sido um aspeto demarcado na regulamentação das instituições financeiras, viando assegurar a apropriada gestão dos riscos, a estabilidade e continuidade da instituição financeira e, de forma mais ampla, a estabilidade do próprio sistema financeiro. Além de ser uma exigência regulatória, o sistema de controlos internos tem sido associado ao cumprimento dos objetivos organizacionais, à manutenção de operações adequadas eficazes, bem como à promoção da transparência da informação financeira. O objetivo desta dissertação é analisar o sistema de controlo interno no contexto das instituições financeiras portuguesas, analisando em particular o caso da BNP Paribas Factor – Sociedade Financeira de Crédito, S.A., no seguimento do estágio curricular realizado no seio desta instituição. Este trabalho funda-se numa revisão bibliográfica do tema e culmina no estudo empírico que incide sobre a associação entre o sistema de controlo interno, a qualidade da informação financeira e a performance financeira. No caso concreto da BNP Paribas Factor, estuda os pontos críticos do controlo interno no que respeita ao risco operacional, servindo-se para tal de uma descrição ilustrativa das operações no âmbito de um contrato de factoring. Os resultados do estudo indicam uma associação entre a implementação de um sistema de controlo interno e a qualidade da informação financeira, efetuando uma análise ex ante e ex post à introdução ao Aviso nº 5/2008 do Banco de Portugal, o qual veio estabelecer exigências às instituições financeiras de crédito no sentido de um sistema de controlo interno eficiente e de acordo com a recente profusão de recomendações europeias e internacionais, também estas analisadas ao longo deste trabalho. Por outro lado, não foi encontrada uma associação significativa entre o sistema de controlo interno e a performance financeira. No contexto próprio da BNP Paribas Factor, verificamos que o risco operacional assume relevância, particularmente no que concerne ao risco de fraude externa, resultado relevante para o desenho do sistema de controlo interno no seio desta instituição. Estes resultados são sujeitos a reflexão, tendo em conta as limitações metodológicas existentes e a literatura sobre o tema, na discussão que finaliza este trabalho, deixando nota de algumas sugestões para investigações futuras.
The proper and effective implementation of a system of internal controls has been an important aspect in banking regulation, to ensure effective implementation of risk management practices and in view of the stability and continuity of the financial institutions. More broadly, in view of the stability of the financial system itself. In addition, the system of internal controls has been linked to the fulfilment of organizational objectives, to the maintenance of appropriate effective operations, and to the promotion of transparency of financial information. The purpose of this dissertation is to analyse the internal control system in the context of Portuguese financial institutions, analysing the particular case of BNP Paribas Factor - Sociedade Financeira de Crédito, S.A., following the curricular internship held in this institution. This work is based on a bibliographical review of the theme and involves an empirical study that focuses on the association between the internal control system, the financial reporting quality and financial performance. In the case of BNP Paribas Factor, it examines the critical points of internal control regarding operational risk by providing an illustrative description of the operations under a factoring contract. The results of the study indicate an association between the implementation of an internal control system and the quality of the financial information, by conducting an ex ante and ex post analysis of the introduction of the Regulation no. 5/2008 of the Banco de Portugal, which established requirements for financial institutions for an efficient internal control system and in accordance with the recent profusion of European and international recommendations, which are also analysed throughout this work. On the other hand, no significant association was found between the internal control system and financial performance. In the context of BNP Paribas Factor itself, we verified that operational risk is particularly relevant, specially the risk of external fraud. This is an important result for the design of the internal control system within this institution. These results are subject to reflection, considering the existing methodological limitations and the literature on the subject, in the discussion that ends this work, noting some suggestions for future research.
The proper and effective implementation of a system of internal controls has been an important aspect in banking regulation, to ensure effective implementation of risk management practices and in view of the stability and continuity of the financial institutions. More broadly, in view of the stability of the financial system itself. In addition, the system of internal controls has been linked to the fulfilment of organizational objectives, to the maintenance of appropriate effective operations, and to the promotion of transparency of financial information. The purpose of this dissertation is to analyse the internal control system in the context of Portuguese financial institutions, analysing the particular case of BNP Paribas Factor - Sociedade Financeira de Crédito, S.A., following the curricular internship held in this institution. This work is based on a bibliographical review of the theme and involves an empirical study that focuses on the association between the internal control system, the financial reporting quality and financial performance. In the case of BNP Paribas Factor, it examines the critical points of internal control regarding operational risk by providing an illustrative description of the operations under a factoring contract. The results of the study indicate an association between the implementation of an internal control system and the quality of the financial information, by conducting an ex ante and ex post analysis of the introduction of the Regulation no. 5/2008 of the Banco de Portugal, which established requirements for financial institutions for an efficient internal control system and in accordance with the recent profusion of European and international recommendations, which are also analysed throughout this work. On the other hand, no significant association was found between the internal control system and financial performance. In the context of BNP Paribas Factor itself, we verified that operational risk is particularly relevant, specially the risk of external fraud. This is an important result for the design of the internal control system within this institution. These results are subject to reflection, considering the existing methodological limitations and the literature on the subject, in the discussion that ends this work, noting some suggestions for future research.
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Palavras-chave
Sistema de Controlo Interno Instituições Financeiras de Crédito Banco de Portugal Qualidade da informação financeira Performance financeira Risco operacional Internal Control System Financial Credit Institutions Financial reporting quality Financial performance Operational risk