Financial Statement Fraud
Definitions
- (n.) The intentional misrepresentation or omission of financial information by a company to deceive stakeholders and manipulate perceived financial health.
The company was charged with financial statement fraud after inflating its revenue figures to attract investors.
Forms
- financial statement fraud
Related terms
See also
Commentary
Often involves manipulation of accounts or disclosures; thorough internal controls and audits are key to detection and prevention.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.