reliable accounting
[/rɪˈlaɪəbəl əˈkaʊntɪŋ/]
noun
contabilidade confiável
1. An accounting system or practice that produces accurate, consistent, and trustworthy financial records and reports
The company implemented reliable accounting practices to ensure investor confidence.
A empresa implementou práticas de contabilidade confiável para garantir a confiança dos investidores.
2. Financial reporting that adheres to established standards and regulations, providing faithful representation of financial position
Reliable accounting is essential for obtaining bank loans and maintaining business credibility.
A contabilidade confiável é essencial para obter empréstimos bancários e manter a credibilidade empresarial.
In Brazil, reliable accounting (contabilidade confiável) is critical for regulatory compliance with CVM (Comissão de Valores Mobiliários) standards and is a key requirement for publicly traded companies. In the USA, it relates to compliance with GAAP (Generally Accepted Accounting Principles) and SEC regulations, emphasizing transparency and investor protection.
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