Examlex
The estimation of bad debt expense by using a percentage of credit sales produces the same results, as an aging of accounts receivable.
Pattern Of Racketeering
A series of related illegal activities (such as bribery, fraud, and murder for hire) conducted by a group or enterprise, which can lead to prosecution under laws such as the Racketeer Influenced and Corrupt Organizations Act (RICO) in the United States.
RICO Act
The Racketeer Influenced and Corrupt Organizations Act, a U.S. federal law aimed at combating organized crime by allowing prosecution and civil penalties for racketeering activity.
Sarbanes-Oxley Act
A law enacted in 2002 focused on enhancing corporate governance and financial practices, including stricter financial disclosures.
Business Scandals
Events or actions within a business organization that lead to public outrage, legal action, or both, often due to unethical behavior or illegal activities.
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