Intentional or reckless conduct that results in materially misleading financial statements is called
A)financial fraud.
B)misstatement fraud.
C)fraudulent financial reporting.
D)audit failure fraud.

Question

Quizplus · Accepted Answer

Intentional or reckless conduct that results in materially misleading financial statements is called fraudulent financial reporting. This involves the intentional misrepresentation or omission of financial information, misapplication of accounting principles, or any other misrepresentation that leads to materially misleading financial statements.

Intentional or Reckless Conduct That Results in Materially Misleading Financial