Falsifying financial records can be classified as a form of fraudulent statement. It involves intentionally manipulating or altering financial documents or records to misrepresent the true financial position or performance of a company or individual. This can include fabricating sales figures, inflating expenses, hiding liabilities, or understating income, among other deceptive practices. Falsifying financial records is a serious offense and is considered fraudulent because it involves deliberate misrepresentation of financial information to deceive stakeholders, such as investors, creditors, or the government.
