Page 152 - CFF
P. 152

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         Definition






         Financial statement misrepresentations

         are quantitative or qualitative statements

         that are included or excluded from an

         entity’s financial statements that cause the

         financial statements to portray financial

         position, results of operations, and cash

         flows in a manner that is not consistent

         with the entity’s underlying financial

         position, results of operations, and cash

         flow.






         3    © 2019 Association of International Certified Professional Accountants. All rights reserved.
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