Definition

Noun: A statement that is incorrect or inaccurate; an assertion that contains an error or misrepresentation of fact.

Usage

A "misstatement" is a formal or semi-formal term used to describe an error in a spoken or written declaration. It often implies that the inaccuracy may be unintentional but carries consequences, especially in contexts like finance, law, or official reporting. The word focuses on the fact of the error within the statement itself.

Examples

• The annual report contained a significant misstatement of the company's assets.
• The witness corrected her earlier misstatement during cross-examination.
• The politician's claim was not just a slight exaggeration but a clear misstatement of the data.
• The accountant was responsible for the misstatement in the financial records.

Advanced Usage

• Material Misstatement: A specific term in auditing and accounting referring to an error or omission in financial statements that could influence the economic decisions of users.
  • The auditors were unable to find evidence of a material misstatement in the ledgers.

Variants and Related Words

• Misstate (verb): To state something incorrectly.
  • The spokesperson misstated the company's official policy during the interview.

Synonyms

• Error
• Inaccuracy
• Mistake
• Falsity (implies a stronger degree of falsehood)

Antonyms

• Correct statement
• Truth
• Accuracy

Related Phrases

• To correct a misstatement: To fix an error that has been stated.
  • The editor issued a prompt correction to address the misstatement in the article.

Noun

1. a statement that contains a mistake