financial statement manipulation
[/faɪˈnænʃəl ˈsteɪtmənt ˌmænɪpjuˈleɪʃən/]
nounpl: financial statement manipulations
manipulação de demonstrações financeiras
1. The deliberate and deceptive alteration, misrepresentation, or falsification of financial records, accounts, or statements to conceal the true financial condition of a company or individual
The company was investigated for financial statement manipulation after auditors discovered inflated revenues.
A empresa foi investigada por manipulação de demonstrações financeiras depois que os auditores descobriram receitas inflacionadas.
2. Fraudulent practices involving the distortion of accounting data to mislead investors, creditors, or regulatory authorities
Financial statement manipulation is a serious crime that can result in criminal charges and imprisonment.
A manipulação de demonstrações financeiras é um crime grave que pode resultar em acusações criminais e prisão.
Financial statement manipulation is a serious regulatory concern in both the US and Brazil. In the US, it is heavily prosecuted under SEC regulations and the Sarbanes-Oxley Act (2002). In Brazil, the CVM (Comissão de Valores Mobiliários) enforces similar regulations. High-profile cases like Enron and more recently in Brazil such as JBS have heightened awareness and enforcement. The term reflects the critical importance of corporate accountability and investor protection in modern financial markets.
NYC Slang
cooking the books / creative accounting / numbers game
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