Misreporting, also known as underreporting

In relation to the financial market, the intentional, calculated reporting of lower items, such as turnover, profit or market share, in order to deceive the supervisory authority, the tax office or anti-trust authorities. – Contrary to widespread public opinion, cases of underreporting in the financial sector are rare. This is because the monitoring institutions at the stock exchanges, at the supervisory authorities, at the anti-trust offices and at the financial investigation units can detect anomalies rather quickly. In addition, deliberate under-reporting in a company is only possible if several people work together. Here, there is a risk that whistleblowers will become active; especially if they receive corresponding bonuses from authorities, as in the acquisition of data carriers with information about tax evaders by state authorities in Germany. – See Amber Light, Watch List, Compliance, Delator, Follow-up Audit, Trading Surveillance Unit, Employee Duty to Inform, Monitoring, Nominee, System Securities Watch Application, Waste Watcher, Auditor.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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