manipulated financial statements
[mə-ˈni-pyə-ˌlā-təd fə-ˈnan-shəl ˈstāt-mənts]
noun phrasepl: manipulated financial statements
demonstrações financeiras manipuladas
1. Financial records or reports that have been intentionally altered, falsified, or misrepresented to conceal the true financial condition of a company or organization
The auditors discovered that the company had submitted manipulated financial statements to the regulators.
Os auditores descobriram que a empresa havia apresentado demonstrações financeiras manipuladas aos órgãos reguladores.
2. Fraudulent accounting practices involving the distortion of figures, omission of liabilities, or overstatement of assets
Manipulated financial statements can lead to criminal charges and civil penalties for executives.
As demonstrações financeiras manipuladas podem resultar em acusações criminais e penalidades civis para executivos.
In both Brazilian and American business contexts, manipulated financial statements represent serious crimes prosecuted by regulatory agencies like the SEC (USA) and CVM (Brazil). The term gained significant prominence following major corporate scandals such as Enron and WorldCom in the USA, and similar cases in Brazil. Corporate governance and transparency have become increasingly important topics in both markets.
NYC Slang
cooked books; doctored numbers
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