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cook the books |
Also found in: Dictionary/thesaurus, Idioms, Wikipedia, Hutchinson | 0.06 sec. |
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Cook the Books A fraudulent activity done by some corporations to falsify their financial statements. Notes: Cookie jar accounting is a great example of cooking the books.See also: Cookie Jar Accounting, Voodoo Accounting Cook the books To deliberately falsify the financial statements of a company. This is an illegal practice.
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Deaton's mission would be tricky: Cook the books so that the utility can continue to ratchet up rates and funnel more money into the city's general fund while concealing the waste and bureaucratic decadence that might enrage the public. Of course, it's easy for Rabbi Gross-Schaeffer or me to conclude that Vinson should have quit her job the first time she was asked to cook the books. This isn't an exercise in objectivity: While the authors do believe that at many companies, "option-induced avarice spurred corporate chieftains to cut corners, cook the books and dupe investors into buying shares at inflated prices," they also contend that "most corporations in America would enjoy more motivated workers and larger profits if they embraced partnership capitalism centered around employee stock options. |
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cook the books
