Clause 5 is about “Material Ommission” :- charge on fixed asset not disclosed , revaluation of fixed asset not disclosed , DRR not created , contingent liability not disclosed so when outright things are not covered while preperations of financial statements
Clause 6 is about “Material Misstatement” :- apart from omission of there is any other mistake it will be covered here, asset or liability not properly valued , document sent to bank regarding application of money or documents sent to income tax department are falsified and ca is aware about it