Page 15 - Auditors Article

DIAGRAM 2

“The only impact of the fraud in the short term is trying to
understand what a true position the trading business is for the

purpose of selling it. Once the business is sold, then the

attention falls on the administrators or subsequently

appointed liquidators, who will turn to how this has happened
and whether any party is culpable. If they are culpable the

question is whether any action should be taken to recover

funds to creditors of the company.” [Bonney, S, 2019]