misstatement (Meaning)

Wordnet

misstatement (n)

a statement that contains a mistake

Webster

An incorrect statement.

The financial misstatement caused a significant overstatement of the company's assets.
The auditor uncovered a material misstatement in the inventory valuation.
The misstatement was due to a miscalculation in the accounting software.
The company issued a restatement to correct the misstatement in its financial statements.
The misstatement had a negative impact on the company's reputation.
The shareholders filed a lawsuit against the company for the misstatement.
The SEC charged the company with fraud for the misstatement.
The misstatement led to the resignation of the company's CEO.
The misstatement was a result of human error.
The auditors failed to detect the misstatement due to negligence.

a statement that contains a mistakeAn incorrect statement.

exaggeration, lie, distortion, misinformation, falsification,misrepresentation, perjury, taradiddle, whopper, tale

fact,fact, authentication, veracity, truism, validation,truthfulness, honesty, validation, verification

The financial misstatement caused a significant overstatement of the company's assets.

The auditor uncovered a material misstatement in the inventory valuation.

The misstatement was due to a miscalculation in the accounting software.

The company issued a restatement to correct the misstatement in its financial statements.