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Directors potential civil, criminal liability
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| (Monday, 15 September 2008) Written by Bo Radley |
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In an external investigation into Carters LTD 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?
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