Contraventions of the Corporations Act that are considered significant include:
A) fraud by officers or employees of the entity.
B) breaches of accounting standards.
C) insolvent trading.
D) All of the above

Question

Quizplus · Accepted Answer

All of the choices listed are considered significant contraventions of the Corporations Act. Fraud by officers or employees of the entity can result in serious financial loss or damage to the reputation of the company. Breaches of accounting standards can lead to inaccurate financial reporting and mismanagement of funds. Insolvent trading can result in significant debts and financial loss for creditors and can lead to the collapse of the company. Therefore, all of these contraventions are significant and can have serious consequences for the company and its stakeholders.

Contraventions of the Corporations Act That Are Considered Significant Include