balance sheet manipulation
[/ˈbæləns ʃiːt məˌnɪpjəˈleɪʃən/]
nounpl: balance sheet manipulations
manipulação do balanço patrimonial
1. The deliberate alteration, misrepresentation, or falsification of financial statements on a company's balance sheet to deceive investors, creditors, or regulators about the company's true financial position
The auditors discovered balance sheet manipulation when they found undisclosed liabilities hidden in subsidiary accounts.
Os auditores descobriram manipulação do balanço patrimonial quando encontraram passivos não divulgados escondidos nas contas de filiais.
2. Fraudulent accounting practices used to inflate assets, understate liabilities, or artificially enhance profitability and financial health
Balance sheet manipulation schemes often involve moving debt off the books or inflating inventory values.
Os esquemas de manipulação do balanço patrimonial frequentemente envolvem tirar dívidas dos registros ou inflar o valor dos estoques.
Balance sheet manipulation is a serious financial crime in both the United States and Brazil, monitored by the SEC (Securities and Exchange Commission) in the US and by CVM (Comissão de Valores Mobiliários) in Brazil. High-profile cases like Enron and more recently Brazilian companies have heightened awareness and regulatory scrutiny. In corporate culture, it represents a major breach of fiduciary duty and can result in criminal charges, civil penalties, and loss of professional licenses.
NYC Slang
cooking the books
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