I once had a note on this case which was taught at the City of London College about 50 years ago. I cannot now remember whether the date was just after WW1, or before that event,.
There was a shipping magnate involved, probably from Leadenhall Street, and he was a public figure with a loyal local following of supporters.
I think the case was bought by the Attorney General on the grounds that the company's accounts showed a rising trend in profits, whereas in fact some years were profitable, and some were loss making.
One or two somewhat hilarious assertions made in Court come to mind.
The Audit Partner was asked if he thought it right to show profits when losses had been incurred,and he replied "I do not see why not".(or words to that effect).
The trial lasted a week, and on Friday night when the Jury was still out, the Auditor's wife phoned to ask if her husband would be late for his dinner.
The call was fielded by a Court official who had been present all the week and had heard all the evidence. He replied "it is not for me to say what what the Jury may find, but if you ask for my opinion, I would say that your husband is likely to be six months late for his dinner".
In fact the Jury exonerated both Shipowner and Auditor. I have a recollection that the Auditor was Senior Partner of firm now absorbed by Messrs Price Waterhouse.
Hope these fragments will assist you Clare.,