0
Menu
0

Defalcation (Misappropriation of Assets) Definition | Becker

Accounting Dictionary

Defalcation (Misappropriation of Assets)

Theft of an entity's assets when the effect of the theft causes the financial statements not to be presented in conformity with GAAP.

Back to Dictionary

Areas of study:

Becker Policies:

Now Leaving Becker.com

You are leaving the Becker.com website. Once you click “continue,” you will be brought to a third-party website. Please be aware, the privacy policy may differ on the third-party website. Adtalem Global Education is not responsible for the security, contents and accuracy of any information provided on the third-party website. Note that the website may still be a third-party website even the format is similar to the Becker.com website.

Continue