fraudulent accounting
[frɔːˈdʒuːlənt əˈkaʊntɪŋ]
noun phrase
contabilidade fraudulenta
1. The practice of deliberately falsifying financial records, manipulating accounts, or misrepresenting financial information to deceive investors, creditors, or regulatory authorities
The company was shut down after investigators discovered fraudulent accounting practices spanning five years.
A empresa foi fechada após investigadores descobrirem práticas de contabilidade fraudulenta que se estenderam por cinco anos.
2. Criminal manipulation of accounting systems to hide losses, inflate profits, or obscure the true financial condition of a business
Enron's fraudulent accounting schemes led to one of the largest corporate scandals in American history.
Os esquemas de contabilidade fraudulenta da Enron levaram a um dos maiores escândalos corporativos da história americana.
This term is particularly significant in both Brazilian and American corporate contexts due to major scandals. In the USA, Enron (2001) and WorldCom (2002) exemplified fraudulent accounting and led to regulatory reforms like the Sarbanes-Oxley Act. In Brazil, cases like Petrobras corruption scandals have highlighted the importance of accounting transparency. Both countries have specialized regulatory bodies (SEC in USA, CVM in Brazil) that actively investigate and prosecute such crimes.
NYC Slang
cooking the books / fudging the numbers
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →