Section 416 CAMA 2020
Section 416 Companies and Allied Matters Act is about False statements to auditors. It is under Chapter 15 (Audit) of the Act.
(1) An officer of a company commits an offence if he knowingly or recklessly makes to a company’s auditors a statement (whether written ororal) which—
(a) conveys or purports to convey any information or explanation which the auditors require, or are entitled to require, as auditors of the company ; and
(b) is misleading, false or deceptive in a material particular.
(2) A person who commits an offence under this section is liable to a penalty as the Commission shall specify in its regulations.
