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Fraudulent and wrongful trading

KKrrish3y ago
Sir there is a question in acca specimen exam It is the 50th question My doubt is why Gram is only convicted of fraudulent trading....shouldn't he be convicted of wrongful trading also?
MikeLittleMikeLittleTutor3y ago#1
I don't access the ACCA Specimen Exam and, from what I understand, the questions are regularly changed. If you want an answer to a specific question I'm sorry but you will haqve to type it out in full Meanwhile, here's an extract from Lawyer Monthly magazine, written by Stephen Halloran, a director at Lawtons Solicitors referring to the difference between fraudulent and wrongful trading. Maybe this will help you with your question. https://www.lawyer-monthly.com/2021/07/wrongful-and-fraudulent-trading-what-is-the-difference/ OK? "The main difference between the two is the intent and deception behind the actions. Fraudulent trading is the more severe issue, due to being viewed as a criminal offence. Whereas wrongful trading, although still serious, is a civil offence with a less severe intent behind it.
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