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Embezzlement

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Definitions for: embezzlement
embezzlement

theft of money or property from a business by an individual in whose custody it has been placed. An example is a bookkeeper who steals from the petty cash fund. Proper internal control can restrict or disclose such fraudulent activity.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.

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Industry Associations

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Association of Certified Fraud Examiners
Represents corporate managers, executives, auditors, trainers, security directors, and others employed in financial institutions; business, law enforcement, and social science professionals. Works to classify and examine financial crimes such as ...

Members: 27,000
Founded: 1988
Dues: certified fraud examiner, $120 annual; associate, $95 annual.