ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

Fraudulent trading

This topic has 1 reply, 2 voices, and was last updated 5 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
December 13, 2019 at 3:58 pm #555869
salardehbashi
Participant
- Topics: 22
- Replies: 22
A question from ACCA’s technical article:
Which of the following may be found liable for fraudulent trading under IA 1986?
(1) Creditors
(2) Employees
(3) Shareholders
A (3) only
B (1) and (2) only
C (1), (2) and (3)
D (2) and (3) only
Mike, I couldn’t believe my eyes that the answer is C. I always thought creditors are the victim here!
December 14, 2019 at 10:19 am #555900
MikeLittle
Keymaster
- Topics: 27
- Replies: 23203
Any person that is knowingly involved in fraudulent trading, whatever their title, is a party to that activity and thus may be found liable
OK?
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.