fraudulent financial reporting

fraudulent financial reporting definition - finance
The intentional preparation of misleading financial statements. Those involved in fraudulent reporting may be stripped of their professional designation and subjected to civil and criminal penalties. Fraudulent reporting can result from distorted records, falsified transactions, or misused accounting principles.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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