intentional misstatement

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Grayken also pointed out that, "The fundamental allegation pursued by the SPO is that KEB Card's share price was artificially driven down by an intentional misstatement by the KEB Board of Directors that KEB Card was at the brink of failure and thus would have to bear a significant capital reduction in connection with a merger of KEB Card with KEB.
For each item, state whether it appears to be the result of an unintentional error or omission, a potentially intentional misstatement, a fraudulent action (intentional), or an aggressive interpretation of generally accepted accounting principles.
There is no question of any intentional misstatement of the financial statements".
Fraud is the result of intentional misstatement or omission, and the effect on income is usually only in one direction.
That is, the auditor might conclude that, given the risks of intentional misstatement or manipulation, tests to extend audit conclusions from an interim date to the period-end reporting date would not be effective.
intentional misstatement that is concealed through collusion among client personnel and third parties or among management or employees of the client.
15 /PRNewswire/ -- Shared Medical Systems Corporation (SMS) (NASDAQ-NMS: SMED) announced today that it has been informed by the SEC that it (the SEC) is dropping all claims against SMS for fraud and intentional misstatement in its releases and statements to the public.
Early in the planning stage, auditors should look for circumstances or combinations of circumstances that could make fraud or intentional misstatement more likely.
An intentional misstatement may be illegal even if the item it concerns is immaterial.
The courts, however, have not gone mostly beyond verbal admonishment of government officials who try to dodge the courts with intentional misstatements.
Misstatements arising from fraudulent financial reporting are intentional misstatements or omissions of amounts or disclosures in financial statements designed to deceive financial statement users where the effect causes the financial statements not to be presented, in all material respects, in conformity with GAAP or OCBOA.
Fraud is represented by intentional misstatements or omission of amounts or disclosures designed to deceive financial statement users.

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