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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Fraudulent trading
person concerned shall be knowingly a party to the fraudulent trading.
What do u mean by knowingly a party plz explain with an example
If you’re an employee and your employer is conducting business with the intention of defrauding creditors, you as an employee will be looked at closely to see whether you knew what was happening and took no steps to prevent it. You were knowingly a party to the employer’s actions of defrauding suppliers / creditors
Thanks
You’re welcome