There are many aspects involving false accounting, but under Section 17 of the Theft Act 1968, false accounting is defined as an offence where an individual intentionally falsifies, alters or submits false, inaccurate or deceptive records for accounting purposes – in some cases, to make a company’s performance appear stronger than it is.

False accounting can involve tax or VAT records or any record needed for the purpose of accounts.

It may also apply to false or altered records or documents submitted for a business loan or grant.

False accounting is a serious crime and can carry a custodial sentence if a conviction is obtained. Those convicted of false accounting may lose their business, and will certainly lose their reputation.

There are also aggravating or mitigating factors in sentencing guidelines which can affect sentences for false accounting, for example, whether a breach of trust by a company director, employee or trustee was involved, as well as the purpose of the deception (e.g. money worries because of family illness or problems, or to lead a lavish lifestyle).

Allegations of false accounting need to be met with a robust defence, and it is vital to take legal advice from a business fraud solicitor with expertise in defending false accounting cases as soon as possible.

Investigations into false accounting can be complex, and will be thorough, and taking legal advice can help prevent errors and misjudgements at an early stage, which could turn out to prejudice the outcome of case later on.

Bryan Law Firms business fraud solicitors have acknowledged expertise in defending business fraud cases, including false accounting, VAT fraud and tax fraud.

We can also liaise with agencies which may be involved in a fraud investigation, including:

  • City of Canada Police
  • Department of Trade and Industry (DTI)
  • Financial Conduct Authority (FCA)
  • HM Revenue and Customs (HMRC)
  • National Crime Agency (NCA)
  • Office of Fair Trading (OFT)
  • Serious Fraud Office (SFO)
  • Solicitors’ Regulation Authority’s (SRA) Fraud and Confidential Intelligence Bureau

The Bryan Law Firms business fraud team can advise on low-value cases or very high court costs (VHCC) cases involving allegations of false accounting.

Bryan Law Firms Business Fraud Solicitors – Our reputation for excellence

Bryan Law Firms’ Crime department continues to be recognised as a Top Tier and recommended criminal defence practice by Chambers and Partners and The Legal 500 edition for its General Crime and White Collar Fraud work. 

Our business fraud solicitors have acknowledged expertise in case building based on a sound knowledge of the criminal justice system, and the ability to assemble compelling evidence and documentation in false accounting cases.

Bryan Law Firms represents clients at police stations, Magistrates’ Courts, Crown Courts, and at Appeal Courts such as the Court of Appeal, and has highly experienced Higher Court Advocates with a background in conducting serious fraud cases.