After the revelation of the R$20 billion accounting scandal on Americanas’ balance sheet, Senator-elect Sergio Moro asked for more rigor against “creative accounting”.
In a message posted on a social network, Moro said that “the BRL 20 billion shortfall in Americanas calls for improvement in the laws on the stock market, with greater rigor against ‘creative accounting'”.
According to him, the measure would protect investors and shareholders of all sizes.
“Instituting reward programs for good whistleblowers would be a positive thing,” he wrote.
The scandal involving the company, which is one of the largest retail groups in the country, led Sergio Rial, former president of Americanas, to announce his departure from the company.
Joana Cunha with Paulo Ricardo Martins and Diego Felix
your subscription can be worth even more
Do you already know the advantages of being a Folha subscriber? In addition to having access to reports and columns, you have exclusive newsletters (find out here). You can also download our free app from the Apple Store or Google Play to receive alerts for the top news of the day. Your subscription helps us to create independent and quality journalism. Thanks!
your signature is worth a lot
More than 180 reports and analyzes published each day. A team with more than 200 columnists and bloggers. Professional journalism that supervises public authorities, conveys useful and inspiring news, counterpoints the intolerance of social networks and draws a clear line between truth and lies. How much does it cost to help produce this content?
SUBSCRIBE FOR BRL 1.90 IN THE 1st MONTH
I have over 10 years of experience working in the news industry. I have worked for several different news organizations, including a large news website like News Bulletin 247. I am an expert in the field of economics and have written several books on the subject. I am a highly skilled writer and editor, and have a strong knowledge of social media. I am a highly respected member of the news industry, and my work has been featured in many major publications.
