illegal act


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Related to illegal act: Criminal act
See: offense
References in periodicals archive ?
For example, section 10A requires an auditor to first bring evidence that an illegal act might have occurred to the audit committee (or to the board of directors, if there is no audit committee).
Evaluate the adequacy of disclosure in the financial statements of the illegal act's potential effects on XYZ's operations
Second, the current professional guidance regarding illegal acts may need to be revisited in order to improve audit effectiveness and, in turn, narrow the expectation gap with respect to illegal acts.
When rebels attacked the state government in the 1784 Shays' Rebellion, Adams did not hesitate to condemn the illegal acts. And Adams went on to a successful political career in Massachusetts politics as an ally of Governor John Hancock, winning the position of Lieutenant Governor in 1789.
54, entitled "Illegal Acts by Clients," the Auditing Standards Board acknowledged that entities may be affected by a variety of laws and regulations that have an "indirect" effect on the financial statements.
While a detailed discussion of criminal sanctions is beyond the scope of this article,(32) it is worthwhile to summarize some of the comparable issues that arise when a corporation is held liable for criminal tax fraud based on the illegal acts of an employee, officer, director or shareholder.
The sell of animals at road side was an illegal act, it further stated.
The leadership of the party condemned illegal act of India saying that freedom of Kashmiri people cannot be suppressed this way.
The bar members urged the higher authorities to look into the matter and take action against the police personnel involved in the raid and 'illegal act'.
He said opposition will stage protest against every illegal act of the government.
Undoubtedly, they did such no criminal or illegal act and although they are students and were protesting for Baloch missing persons in a very peaceful way, they still got abducted.
Lapena discovered an attempt by Don Trading to allegedly smuggle 5,000 sacks of sugar at the Manila International Container Port (MICP) last week along with some BOC employees attempting to cover the illegal act by insisting that there were no irregularities found in the shipment.