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Embezzle |
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Embezzle To steal funds placed under one's responsibility. For example, a trustee has a fiduciary responsibility to use the funds in a trust for the beneficiary and for no other purpose. If he pockets some of the funds instead, he commits embezzlement. This crime can result in significant jail time, depending on the amount stolen. See also: White collar crime.
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The audit report for financial year 2007-08 has disclosed that financial embezzlements worth of over Rs. The audit report for finical year 2007-08 has disclosed that financial embezzlements worth of over Rs. Among the topics to be covered will be the growth of embezzlements and fraud at New Hampshire charities and elsewhere, the role of the CPA and accounting firm and internal controls that can help prevent fraud and embezzlement, what to do and who to contact if it happens in your organization and communicating with the public and the media. |
embezzlements |
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