The accounting crime is regulated in article 310 of the Criminal Code and can result in five to seven months<\/strong>. This means that the accounting audit is essential to avoid errors that can lead to the imposition of a sanction or a prison sentence. This article tells you what accounting crime consists of<\/strong> and what advantages accounting auditing<\/strong> brings to avoid negative consequences.<\/p>\n<\/div><\/div><\/div><\/div><\/div> Article 310 of the Criminal Code establishes that anyone who being obliged by the tax law to keep commercial accounting, books or fiscal records will be punished with a prison sentence of five to seven months:<\/p>\n If the accounting crime is committed by a legal person<\/strong>, according to article 310 bis of the Penal Code, the following penalties may be imposed:<\/p>\n Along with the previous, additional penalties may be imposed on the legal person<\/strong>, such as the loss of the possibility of obtaining subsidies or public aid or the right to obtain tax or Social Security benefits and incentives for a period of three to six years. You may also be prohibited from contracting with the public administration.<\/p>\n For there to be an accounting crime and not an administrative infraction, two elements must be present:<\/p>\n The Penal Code establishes the need for companies to comply with an obligation of vigilance to prevent accounting crimes from being committed. Failure to comply with this obligation implies the birth of criminal liability and the imposition of the penalties that we have seen in the previous section.<\/p>\n To prevent accounting crimes in the company, accounting auditing is essential<\/strong>. The accounting audit aims to certify that the accounts presented by the company are accurate and, therefore, there is no risk of committing an accounting crime. The accounting audit is carried out in several steps that are the following:<\/p>\n Performing an accounting audit periodically in your company provides benefits such as the following:<\/p>\n The risk of committing an accounting crime<\/strong> exists for any company, so taking preventive measures can mean providing security and transparency, so that the company focuses on generating business while leaving compliance with accounting regulations in the hands of an expert accounting auditor<\/strong>.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/i><\/i><\/span>FAQ Tax crime and audit<\/span><\/a><\/h4><\/div>
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What is an accounting crime?<\/h2>\n
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How to prevent accounting crime in companies<\/h2>\n
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What benefits does an accounting audit bring to your company?<\/h2>\n
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