puffing since this action is legal active fraud since this is an intentional misstatement or omission.
deliberate misrepresentation A tort, also known as fraud or deceit, in which the defendant knowingly makes a deceptive or fraudulent misrepresentation or false statement, resulting in monetary loss to the plaintiff. I-beam.
Misstatements resulting from fraudulent financial reporting are intentional misstatements or omissions of amounts or disclosures in financial statements intended to mislead financial statement users, with the result that the financial statements are not presented in all material respects.
An error in collecting or processing data from which financial statements are derived.
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