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!
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Fraudulent trading
6y ago#1Any person that is knowingly involved in fraudulent trading, whatever their title, is a party to that activity and thus may be found liable
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