false accounting

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An offence, punishable by up to seven years' imprisonment, committed by someone who dishonestly falsifies, destroys, or hides any account or document used in accounting or who uses such a document knowing or suspecting it to be false or misleading (Theft Act 1968 s 17). The offence must be committed for the purpose of gain or causing loss to another. There is also a special offence (also punishable by up to seven years' imprisonment) committed by a company director who publishes or allows to be published a written statement he knows or suspects is misleading or false in order to deceive members or creditors of the company. See also forgery.

Subjects: Law.

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