honest accounting
[/ˈɑːnɪst əˈkaʊntɪŋ/]
noun
contabilidade honesta
1. Accurate and truthful financial record-keeping and reporting that complies with established accounting standards and principles
The company committed to honest accounting practices to maintain investor confidence.
A empresa se comprometeu com práticas de contabilidade honesta para manter a confiança dos investidores.
2. Transparent disclosure of financial information without fraud, misrepresentation, or intentional omission
Honest accounting requires full transparency in all financial statements.
A contabilidade honesta exige total transparência em todas as demonstrações financeiras.
3. Adherence to ethical standards and regulatory requirements in financial reporting
Honest accounting is essential for corporate governance and regulatory compliance.
A contabilidade honesta é essencial para a governança corporativa e conformidade regulatória.
In both Brazilian and American business cultures, 'honest accounting' represents a core principle of corporate responsibility and is heavily emphasized after major financial scandals like Enron. It's particularly important in Brazil where regulatory oversight through CVM (Comissão de Valores Mobiliários) and SOX compliance expectations have increased scrutiny of accounting practices. The concept reflects broader values of integrity and trustworthiness essential for market stability.
NYC Slang
straight numbers; keeping it legit with the books
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