Cook the books(redirected from cooks the books)
Also found in: Dictionary, Thesaurus, Encyclopedia.
Cook the books
Cook the Books
cook the books
Cook the books.
When a company cooks the books, it is deliberately -- and illegally -- providing false information about its financial situation to bolster its stock price, often by overstating profits and hiding losses.
A company may also cook the books to reduce its tax liability, but then it stirs in the opposite direction by underreporting profits and overstating losses.