defalcate

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defalcate

verb appropriate to one's own use, cheat, defraud, divert funds, embezzle, falsify accounts, misapply funds, misappropriate money, misemploy funds, misuse entrusted monies, obtain money under false pretenses, peculate, purloin, rob, steal, swindle, take by fraud, thieve
See also: cheat, embezzle, loot, purloin

defalcate

to misuse or misappropriate property or funds entrusted to one.
References in periodicals archive ?
The majority of defalcation policies and procedures, though written and established, are not followed.
Recemment, il semble bien que Mohamed Louafa, ministre de l'education nationale est determine a aller jusqu'au bout de sa decision, a l'instar de ses collegues d'autres departements et a la difference de ses predecesseurs, Latifa Labida et Ahmed Akhchichen qui, rappelons-le, sont revenus sur les defalcations de salaires.
The affirmation of the FSRs is based on a review of second quarter 2012 statutory financial information as well as a review of reinsurance agreements, agency appointment guidelines, agency review procedures and defalcation prevention procedures for each Title underwriter.
CPAs can protect themselves from claims alleging failure to detect defalcations by explaining to clients the scope of audit services and taking care to point out an audit is limited in scope and designed only to detect material misstatements.
McGough divides this responsibility into fraud investigations, or external fraud, and defalcations, or internal fraud.
Depuis que le gouvernement avait procede aux defalcations sur les salaires des grevistes et, sitot apres, cede sous leurs pressions, les enseignants, conscients de la febrilite decisionnelle de l'Etat a ce propos, en l'absence d'un code redhibitoire, recidivent de plus belle.
What kind of history does the company have with fraud in general, including defalcations and employee thefts?
However, the recommended engagement letter from the American Institute of Certified Public Accountants (AICPA) specifically states that an accountant's audit may not detect "material errors, irregularities, or illegal acts, including fraud or defalcations .
Please note, this is not a guarantee that no defalcations will occur, but rather that regional Title underwriters have documented processes and procedures in place to prevent and mitigate the impact from such an event.
Until we could distinguish between the accounts, it was impossible to reach any conclusions about the extent of the cash defalcations.
Contributing to the deterioration in profitability are increased losses as a result of more claims being filed, a higher level of expenses relative to premiums, and elevated agent defalcations.
Although a couple of well-publicized defalcations have impacted two regional Title underwriters, they too continue to review, defend or honor claims.