Prosecution

Criminal Liability
Criminal liability pertains to the culpability for an offense that constitutes a criminal act, causing harm to the government or society. Criminal acts are prosecuted by the state, and insurance generally does not cover criminal liability as it could incentivize unlawful behavior.

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.