Misappropriation of Assets definition

Misappropriation of Assets means the theft of First Nation assets in circumstances where the theft may result in a material omission or misstatement in financial reports.
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Misappropriation of Assets means the theft of first nation assets in circumstances where the
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Misappropriation of Assets means the theft of an entity’s assets that causes the financial statements not to be presented in conformity with generally accepted accounting principles. Misappropriation of assets includes false or misleading records or documents, possibly created by circumventing controls. Examples include but are not limited to embezzling funds; theft of assets; causing an entity to pay for goods and services that have not been received; skimming revenues; payroll fraud.
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Examples of Misappropriation of Assets in a sentence

  • It may include, but is not limited to: Misappropriation of Assets a.

  • Internal Audit, Alternative Internal Audit,Structures and the Level of Misappropriation of Assets Fraud (Vol.

  • Misappropriation of Assets from an Unauthorised Hedge Fund In June 2004, upon becoming aware that client assets were possibly being misappropriated from a hedge fund that was advised by Charles Schmitt & Associates Limited (CSAL), we issued a restriction notice to CSAL and obtained an injunction from the Court to preserve the assets in a timely manner.

  • Misappropriation of Assets involves the theft of an entity’s assets and is often perpetrated by employees in relatively small and immaterial amounts.

  • Managerial Assessment of Employee Fraud Risk Factors Relating To Misstatements Arising From Misappropriation of Assets: A Survey of ISE Companies.

  • There is no enquiry going on or concluded during the year by Central Bureau of Investigation (CBI) or any other Vigilance or Investigating Agency on the branch or on its employees and no cases of Frauds or of Misappropriation of Assets of the branch have come to the notice of the Management during the year other than for amounts for which provisions have already been made in the books of accounts.

  • Category (FR: Fraudulent Financial Reporting; MA: Misappropriation of Assets; UADA: Unauthorized acquisition or disposition of Assets: AA: Aiding and Abetting: SME: Financial Misconduct by Senior Management or Employees with Significant Role in Financial Reporting; and D: Deceptive disclosure)5.

  • According to ACFE (2020), Misappropriation of Assets schemes are undeniably the most common, but they are the least harmful.

  • Internal fraud has been divided up into four specific categories: Fraudulent Financial Reporting; Misappropriation of Assets; Improper or Fraudulent Financial Activity; Fraudulent Conduct by the Management.

  • Internal Audit, Alternative Internal Audit Structures and the Level of Misappropriation of Assets Fraud.


More Definitions of Misappropriation of Assets

Misappropriation of Assets means the thep of Acadia First Nation assets in circumstances
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Misappropriation of Assets means the theft of Upper Nicola Band assets in circumstances
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Misappropriation of Assets means the theft of Band assets in circumstances where the theft
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Misappropriation of Assets means the theft of Micmacs of Gesgapegiag assets in circumstances where the theft may result in a material omission or misstatement in financial reports.
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Misappropriation of Assets means the theft of Chippewas of the Thames First Nation assets in
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Related to Misappropriation of Assets

  • Misappropriation means that the Employee (i) uses Confidential Information (as defined below) for the benefit of anyone other than the Employers or an Affiliate, as the case may be, or discloses the Confidential Information to anyone not authorized by the Employers or an Affiliate, as the case may be, to receive such information; (ii) upon termination of employment, makes any summaries of, takes any notes with respect to or memorizes any Confidential Information or takes any Confidential Information or reproductions thereof from the facilities of the Employers or an Affiliate or (iii) upon termination of employment or upon the request of the Employers or an Affiliate, fails to return all Confidential Information then in the Employee’s possession. For the avoidance of doubt, “Misappropriation” does not include disclosure of Confidential Information to a governmental regulatory agency, such as the U.S. Securities and Exchange Commission, provided that the Employee informs the agency that the Employers and/or Affiliates deem the information to be confidential. “Confidential Information” shall mean any confidential and proprietary drawings, reports, sales and training manuals, customer lists, computer programs and other material embodying trade secrets or confidential technical, business, or financial information of the Employers or an Affiliate.

  • Business Intellectual Property Rights means (a) the Intellectual Property Rights owned or licensed by the Group Companies and (b) any other Intellectual Property Rights owned or licensed by Seller or any of its other Subsidiaries and used solely in the conduct of the Business.

  • Business Intellectual Property means the Owned Intellectual Property and the Licensed Intellectual Property.

  • Excluded Intellectual Property shall have the meaning set forth in Section 1.2(i).

  • Larceny or Embezzlement means larceny or embezzlement as defined in Section 37 of the Investment Company Act of 1940.

  • Infringement has the meaning set forth in Section 6.3(a).

  • Misuse means to deal with property contrary to:

  • Property Rights means all licenses, permits, easements, rights-of-way, certificates and other approvals obtained by either of the parties either before or after the date of this Agreement and necessary for the exploration of the Property, or for the purpose of placing the Property into production or continuing production therefrom;

  • Intellectual Property Rights or IPR means copyright, rights related to or affording protection similar to copyright, rights in databases, patents and rights in inventions, semi-conductor topography rights, trade marks, rights in internet domain names and website addresses and other rights in trade or business names, designs, Know-How, trade secrets and other rights in Confidential Information; applications for registration, and the right to apply for registration, for any of the rights listed at (a) that are capable of being registered in any country or jurisdiction; and all other rights having equivalent or similar effect in any country or jurisdiction;

  • Infringe or “Infringement” means any infringement as determined by Law, including, without limitation, direct infringement, contributory infringement or any inducement to infringe.

  • Proprietary Rights means all trade secret, patent, copyright, mask work and other intellectual property rights throughout the world.

  • Company Intellectual Property Assets means all Intellectual Property Assets owned by the Company or used or held for use by the Company in the Business and all Products.

  • Third Party Intellectual Property Rights means any Intellectual Property owned by a third party.

  • Third Party Intellectual Property means the Intellectual Property Rights of a third party which Supplier uses or incorporates into the Work.

  • Company Intellectual Property Rights means the Intellectual Property owned or used by the Company or any Company Subsidiary.

  • Intellectual Property Assets means all Intellectual Property that is owned by Seller and used in or necessary for the conduct of the Business as currently conducted.

  • Business IP means Intellectual Property Rights that are used in and material to the Acquired Business as currently conducted and as currently proposed to be conducted.

  • Pre-Existing Intellectual Property Rights means any Intellectual Property Rights vested in or licensed to the Client or the Contractor prior to or independently of the performance by the Client of the Contractor of their obligations under this Contract.

  • Intellectual Property Right means any patent, trade mark, service mark, copyright, moral right, right in a design, know-how and any other intellectual or industrial property rights, anywhere in the world whether or not registered.

  • Excluded IP has the meaning assigned to such term in the U.S. Security Agreement.

  • Goodwill means all goodwill, trade secrets, proprietary or confidential information, technical information, procedures, formulae, quality control standards, designs, operating and training manuals, customer lists, and distribution agreements now owned or hereafter acquired by any Person.

  • Company Intellectual Property means all Intellectual Property that is owned or held for use by the Company.

  • Transferred Intellectual Property Rights means (a) the Transferred Patents, (b) the Transferred Copyrights, (c) the Transferred Internet Properties, (d) the Transferred Industrial Designs, (e) The Transferred Database Rights,(f) the Transferred Mask Work Rights, (g) the Transferred Trade Secrets, and (h) the Transferred Trademarks.

  • Owned Company Intellectual Property means that portion of the Company Intellectual Property and Company Intellectual Property Rights that is owned by the Company Entities.

  • Intellectual Property Asset means, at the time of determination, any interest (fee, license or otherwise) then owned by any Credit Party in any Intellectual Property.

  • Company Owned Intellectual Property means all Intellectual Property owned or purported to be owned by the Company, in whole or in part.