alleryStart learning →The s.447 definition of fraud requires an act done with what intent?
ATo deceive and gain benefit
BTo reduce tax payable
CTo delay the audit work
DTo raise more capital
Answer & Solution
Correct answer: A. To deceive and gain benefit
The act must be committed with intent to deceive, gain undue advantage from, or injure the interests of the company, shareholders, creditors or others.
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