An incorrect or clear misinterpretation of the facts is one of the causes of misstatement. Elucidate with example.

"Misstatement" means any information or statement which is false, incorrect, incomplete, misleading or misrepresents, omits or suppresses a material fact. Misstatement means when any written statement is found to be false, incorrect, incomplete, misleading, or which misrepresents or omits or suppresses any material fact from the given meaning of the stated sentence or paragraph or otherwise from the whole document, which in turn fails to portray a clear, true and fair meaning of the titled subject and ultimately purpose of the given statement is not attained or understood in its correct sense. Causes of misstatement may include: (a) An inaccuracy in gathering or processing data or information; (b) An omission of a disclosure; (c) An incorrect or clear misinterpretation of the facts; or (d) Management's judgments that the Auditor considers unreasonable. Example: XYZ an Auditee company has stated in its Annual Report that company has complied with all applicable regulations of SEBI during the Financial Years whereas the material non-compliances were not reported which impacts the Goodwill of the company, which can mislead the investors.