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English to Spanish translations [PRO] Law/Patents - Law (general)
English term or phrase:whole cloth
Se trata de una firma grande que hizo una auditoría a un banco, pero ésta no cumplió las reglas ni estándares, y por tanto el banco la está demandando por haber hecho una mala auditoría y por ende, haberle hecho perder cantidades millonarias de dinero.
In sum, between 2000 and 2002, over 40% of the revenue reflected in A's financial statements was made from whole cloth, and B missed it all. If B would have followed the auditing standards, A's equity would not have been overstated.