accounting transparency
[/əˈkaʊntɪŋ trænsˈpɛrənsi/]
noun
transparência contábil
1. The practice of providing clear, accurate, and comprehensive financial information in accounting records and reports, allowing stakeholders to understand a company's financial position and operations
Accounting transparency is essential for maintaining investor confidence in the company.
A transparência contábil é essencial para manter a confiança dos investidores na empresa.
2. The principle of disclosing all relevant financial data and accounting practices without obfuscation or manipulation
The new regulations require greater accounting transparency from all publicly traded companies.
As novas regulamentações exigem maior transparência contábil de todas as empresas de capital aberto.
3. Openness in financial reporting that enables auditors, regulators, and investors to verify the accuracy of financial statements
Accounting transparency helps prevent fraud and financial misconduct.
A transparência contábil ajuda a prevenir fraude e má conduta financeira.
In Brazil, 'transparência contábil' is a critical concept emphasized by regulatory bodies like CVM (Comissão de Valores Mobiliários) and is particularly important for companies seeking international investment or listing on stock exchanges. In the USA, this concept is reinforced by regulations such as Sarbanes-Oxley (SOX) and is fundamental to corporate governance culture. The term reflects growing global emphasis on corporate responsibility and ethical business practices.
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