genuine financial records
[JEN-yoo-in fuh-NAN-shul REK-erdz]
noun phrasepl: genuine financial records
registros financeiros genuínos
1. Authentic, verified financial documents and accounts that accurately represent a company's or individual's monetary transactions and financial position
The auditor reviewed the genuine financial records to confirm the company's profitability.
O auditor revisou os registros financeiros genuínos para confirmar a lucratividade da empresa.
2. Official documentation including balance sheets, income statements, and transaction logs that have not been falsified or manipulated
Banks require genuine financial records before approving a business loan.
Os bancos exigem registros financeiros genuínos antes de aprovar um empréstimo comercial.
In both Brazilian and American business contexts, maintaining genuine financial records is legally mandated and crucial for regulatory compliance, tax reporting, and business credibility. In Brazil, the term 'registros financeiros genuínos' is particularly important given stringent regulations by the Receita Federal (Brazilian IRS) and financial oversight bodies. Fraudulent financial records carry severe legal penalties in both countries.
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