Examlex
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Embezzling Funds
The act of dishonestly withholding assets for the purpose of conversion of such assets, by one or more individuals to whom the assets were entrusted, typically to be held or used for other purposes.
Accountant Liability
The legal responsibility of accountants to perform their duties accurately and competently, facing potential legal repercussions for negligence or misconduct.
Working Papers
The documents used and developed by an accountant during an audit, such as notes, computations, and memoranda.
Audit Completion
The process wherein the examination of a company's financial records is concluded and results are compiled.
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