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

question 57

Multiple Choice

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

• A) erroneous financial reporting.
• B) fraudulent financial reporting.
• C) negligent auditing practice.
• D) fraudulent audit practice.

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Definitions:

Action

The process or state of doing something or being active, often implying movement or the implementation of decisions.

Recommendation

A suggestion or advice designed to guide decisions or actions.

Deadline

A fixed or final time by which something must be completed or submitted.

Neutral Buffer

An introductory statement in communication that is neither positive nor negative, used to ease into a sensitive or controversial topic.