ABSTRACT
The coronations pandemic created a new world economic scenario. Social isolation measures in order to stop the spread of the virus, and the lack of prospects for improvement, have brought organizations an increase in risks and uncertainties about the business. Knowing the dependence on future events for the realization of contingent liabilities, this article, within the scope of the Prospectus Theory, aimed to assess whether, with the beginning of the pandemic in 2020, there was an increase in the amounts of contingent liabilities disclosed, and whether there was any change in the quality of their disclosure. In this way, data were collected from the financial statements of companies belonging to the sectors most affected by the pandemic, as published in the Official Gazette of the Union, and analyzed using quantitative methods. The results of the study showed that both before and after the beginning of the pandemic, the most representative liability contingencies among the companies studied were those of a Tax, Civil and Labor nature;and that no entity complied with all the disclosure requirements of CPC 25. Furthermore, the results obtained through the statistical analyzes did not identify a significant variation in the quality of disclosure or in the amount disclosed of contingencies after the beginning of the pandemic. These results contradict the recommendation of Circular Letter CVM/SNC/SEP 02/2020, which requires improvement in the disclosure of contingent liabilities as a result of the health crisis, which indicates possible failures regarding the disclosure of potential risks, and consequently interference in the decision-making process of users of accounting information.