Status seen wrongly as sharpness? (10)
I believe the answer is:
astuteness
'sharpness?' is the definition.
(thesaurus)
'status seen wrongly' is the wordplay.
'wrongly' is an anagram indicator.
'status'+'seen'='statusseen'
'statusseen' with letters rearranged gives 'ASTUTENESS'.
'as' acts as a link.
(Other definitions for astuteness that I've seen before include "Penetration" , "Shrewdness" , "Canny" , "Sagacity" , "perception" .)