manipulated accounting
[məˈnɪpjuleɪtɪd əˈkaʊntɪŋ]
noun phrase
contabilidade manipulada
1. The practice of intentionally altering, falsifying, or misrepresenting financial records and statements to conceal the true financial condition of a business or organization
The company was charged with manipulated accounting after auditors discovered fabricated invoices and hidden expenses.
A empresa foi acusada de contabilidade manipulada depois que os auditores descobriram faturas fabricadas e despesas ocultadas.
2. Deliberate distortion of accounting data to achieve desired financial results, often for fraudulent purposes or to mislead stakeholders
Manipulated accounting practices led to the corporation's downfall when the SEC initiated an investigation.
Práticas de contabilidade manipulada levaram ao colapso da corporação quando a SEC iniciou uma investigação.
In Brazil, manipulated accounting is a serious concern addressed by CVM (Comissão de Valores Mobiliários) and regulatory bodies. The term reflects growing awareness of corporate fraud following major scandals. In the USA, it became particularly prominent after corporate scandals like Enron and WorldCom, leading to stricter regulations (Sarbanes-Oxley Act). Both cultures view this practice as a severe violation of business ethics and law.
NYC Slang
cooking the books
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