authentic financial statements
[ɔː'θɛntɪk fɪ'nænʃəl 'steɪtmənts]
noun phrase
demonstrações financeiras autênticas
1. Financial documents prepared by a company that accurately represent its true financial position, assets, liabilities, and performance without falsification or misrepresentation
The auditor verified that the company submitted authentic financial statements to the SEC.
O auditor verificou que a empresa apresentou demonstrações financeiras autênticas à CVM.
2. Certified financial records that comply with accounting standards and regulatory requirements and have not been manipulated or fraudulently altered
Banks require authentic financial statements before approving business loans.
Os bancos exigem demonstrações financeiras autênticas antes de aprovar empréstimos comerciais.
3. Genuine accounting documents that reflect actual transactions and are verified through proper audit procedures
Investors trust companies that consistently publish authentic financial statements.
Os investidores confiam em empresas que publicam consistentemente demonstrações financeiras autênticas.
In Brazil, the requirement for authentic financial statements is strictly regulated by the CVM (Comissão de Valores Mobiliários) and follows IFRS standards. Companies that fail to provide authentic statements face severe legal and financial penalties, making this term crucial in Brazilian corporate governance. In the USA, the SEC (Securities and Exchange Commission) enforces similar standards, and financial fraud is considered a serious federal crime. The term reflects the importance of transparency and trust in both markets.
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