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Written by boradley, on 16-09-2008 21:31 Hi I was hoping you could assisst me on this -    In an external investigation into a hypothetical company it has been found that for the last two financial years their financial statements havent complied in numerous places with the applicaple financial reporting standards. What, of any potential civil and criminal liability could their directors face due to this -     a) if the company continues to operate? and     b) if the company is placed in liquidation? and finally     c) are there any potential defences available to them?