clean accounting
[klin ə-ˈkau̇n-tiŋ]
noun
contabilidade limpa
1. Accounting practices that are transparent, accurate, and free from fraud, manipulation, or misrepresentation of financial records
The company committed to clean accounting principles to restore investor confidence after the scandal.
A empresa se comprometeu com princípios de contabilidade limpa para restaurar a confiança dos investidores após o escândalo.
2. Financial reporting that complies with Generally Accepted Accounting Principles (GAAP) and international accounting standards
Our auditors confirmed that the firm maintains clean accounting practices across all divisions.
Nossos auditores confirmaram que a empresa mantém práticas de contabilidade limpa em todas as divisões.
3. Record-keeping without hidden accounts, off-book transactions, or undisclosed liabilities
Clean accounting requires full disclosure of all financial transactions and liabilities.
A contabilidade limpa exige a divulgação completa de todas as transações financeiras e passivos.
In Brazil, following the Enron scandal and subsequent regulatory reforms, 'contabilidade limpa' became a cornerstone term in corporate governance discussions. The term reflects a cultural shift toward greater accountability and transparency in business dealings, particularly among publicly-traded companies listed on B3 (formerly Bovespa). In the USA, the concept gained prominence after major accounting frauds in the early 2000s, leading to the Sarbanes-Oxley Act. Clean accounting is now considered essential for corporate credibility and investor protection in both markets.
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