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Legal Terms - false accounting
An offense that is punishable by up to seven years of imprisonment is committed by an individual who dishonestly falsifies, destroys, or conceals any account or document used in accounting, or who uses such a document with knowledge or suspicion that it is false or misleading (Theft Act 1968 s 17). A gain or loss to another must be the motivation for the commission of the offense. A company director who publishes or permits the publication of a written statement that he or she knows or suspects to be misleading or false in order to deceive members or creditors of the company is also guilty of a special offense, which is punishable by up to seven years' imprisonment.
An offense that is punishable by up to seven years of imprisonment is committed by an individual who dishonestly falsifies, destroys, or conceals any account or document used in accounting, or who uses such a document with knowledge or suspicion that it is false or misleading (Theft Act 1968 s 17). A gain or loss to another must be the motivation for the commission of the offense. A company director who publishes or permits the publication of a written statement that he or she knows or suspects to be misleading or false in order to deceive members or creditors of the company is also guilty of a special offense, which is punishable by up to seven years' imprisonment.
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