Principal-Agent Relationship

Scope of Authority
In the law of agency, the scope of authority refers to the acts authorized for the accomplishment of the goal of the agency, including the actual authorization conferred by the principal and actions that are implicitly or apparently delegated to the agent.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.