An intentional misstatement or omission of amounts or disclosures with the intent to deceive users is called:

Name: An intentional misstatement or omission of amounts or disclosures with the intent to deceive users is called:
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Quizplus · Accepted Answer

Intentionally misleading financial reporting with intent to deceive is known as fraudulent financial reporting. It is a form of fraud that may be committed for a variety of reasons, including increasing a company's stock price or hiding financial difficulties.

An Intentional Misstatement or Omission of Amounts or Disclosures with the Intent