falsified financial statements
[fawl-suh-fyd fuh-nan-shul stayt-munts]
noun phrasepl: falsified financial statements
demonstrações financeiras falsificadas
1. Financial reports or accounting documents that have been deliberately altered, manipulated, or fabricated to misrepresent a company's actual financial condition, performance, or position
The audit discovered falsified financial statements that overstated the company's profits by millions of dollars.
A auditoria descobriu demonstrações financeiras falsificadas que superestimaram os lucros da empresa em milhões de dólares.
2. Fraudulent accounting records used to deceive investors, creditors, regulators, or other stakeholders about a business's true financial health
The executives were arrested for submitting falsified financial statements to the SEC.
Os executivos foram presos por apresentar demonstrações financeiras falsificadas à SEC.
This term is critical in both American and Brazilian business and legal contexts, particularly following major corporate scandals like Enron (USA) and the Lava Jato investigations (Brazil). In Brazil, corporate fraud receives significant regulatory scrutiny from the CVM (Comissão de Valores Mobiliários) and federal authorities. The term carries serious legal implications in both countries, often resulting in criminal charges under securities laws and fraud statutes.
NYC Slang
cooked books, numbers don't add up
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