18-01-2011, 11:18 AM
Thanks MW and iisterry. So it would seem to me that although multiple sets of books are generally for fradulent reasons, and a likely indicator of such practice, it should not be technically illegal per se ie. the books should add up and synchronize, being only for providing a different perspective. For example, if a regulator knows the existence of a second set of books, it is a "crime" only if they don't add up.