What is a highly unreasonable omission or misrepresentation involving an extreme departure from the standards of care that a problem observe under the circumstances.

The answer to this question is Reckless conduct

One example of reckless conduct would be allowing internal employees from the company to record some expenses that never happen.

This usually being purposely done to make total net income of a company seem lower than it actually is, and will reduce the amount of tax payment required to pay by the company.