Effect of backdating
For example, the date when the event itself occurs can be uncertain.Sometimes the law governing the event is ambiguous, and other times the facts surrounding the event are unclear. Marc Ward Although backdating can be either legitimate or improper, it is often misunderstood and associated with wrongdoing.Backdating encompasses a broad scope of conduct ranging from blatant fraud to the legitimate and common practice of executing a document after the event has already occurred.This article provides a brief overview of how to distinguish legitimate backdating from improper backdating.
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In this situation, it may be possible to create a document after the event which recites what actually happened and which records the key terms of the supply.