Examlex
It is argued that the private system is less cumbersome and less costly to run than a centralized,government-operated system,and that it is more responsive to society's needs because it allows individuals and business corporations to be more innovative.
Accountant Liability
Accountant liability refers to the legal accountability of accountants to their clients and third parties for negligence, misconduct, or failure to follow professional standards.
Fraud
Willful misrepresentation aimed at obtaining an illicit or unearned gain, or to strip someone of their rightful legal privileges.
Negligence
A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.
Defenses
Legal strategies and arguments used in court to justify or excuse an individual's actions or to challenge the validity of a lawsuit.
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