projectriver
Well-Known Member
- Joined
- 30 May 2007
- Messages
- 1,307
Anything dishonest per statutory accounts is an offence. But mistakes are not necessarily dishonest. Bad faith in providing information to the PL is not illegal but it would be a breach of the PL rules. Bad faith leading to dishonesty and/or false accounting is an offence and serious. Split PL Rules and statutory accounts. Split dishonesty from inadvertent mistakes and from negligent auditing. And around the edges are lots of allegations and grey. I could go on but you get the idea.Probably more a Colin or Stefan question, but from a legal perspective the idea of dishonestly providing improper accounts would essentially make them not legal. The idea of good faith is an honest belief of the preparers and those who sign them off that they are true and accurate.