Category: U

an unlawful search that is conducted with no legal authority.

This means to take property when you have no right to do so.

Expense occurring in one period of accounting but recorded in another.

Revenue occurring in one period of accounting but recorded in another.

Generation of an overall loss or of negative income.

Reserve kept so claims not yet submitted can be paid. Amount is based by estimation.

Accurate assessment of a company.

Taxpayer’s failure to report all income he has received and avoid paying as much tax as needs to be paid.

An auditor who is not part of the company who verifies the honesty of the financial records given.

the answer by a witness that does not answer the question he was asked.