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Financial mismanagement is management that, deliberately or not, is handled in a way that can be characterized as "wrong, bad, careless, inefficient or incompetent" and that will reflect negatively upon the financial standing of a business or individual. [1] There are many ways of how financial mismanagement is carried out.
"Accountability" derives from the late Latin accomptare (to account), a prefixed form of computare (to calculate), which in turn is derived from putare (to reckon). [6] While the word itself does not appear in English until its use in 13th century Norman England, [7] the concept of account-giving has ancient roots in record-keeping activities related to governance and money-lending systems ...
acceptance of the responsibility for, and ownership of, the act or omission; an explanation that recognises one's role; As well, apologies usually include a statement or expression of regret, humility, or remorse; a request for forgiveness; and an expression of a credible commitment to change or a promise that it will not happen again.
Financial anxiety can have real effects on your bottom line. If you feel pressure to reach certain financial milestones -- such as buying a house or a luxury car -- before you're financially ready ...
The small role that IRAs and 401(k)s play in retirement income can lead to financial struggles for many older Americans. According to the National Council on Aging, nearly 45% of people aged 60 ...
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The nature of the work carried out by accountants and auditors requires a high level of ethics. Shareholders, potential shareholders, and other users of the financial statements rely heavily on the yearly financial statements of a company as they can use this information to make an informed of the decision about investment. [4]
Just over a month after Ernst & Young resigned as its public accounting firm, Super Micro Computer says a review committee has found no evidence of fraud or misconduct among the server maker’s ...