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defalcation是什么意思，defalcation翻译
Defalcation: Understanding theft of company funds
In the corporate world, defalcation refers to the act of embezzlement or misappropriation of company funds by an employee. This fraudulent activity can result in significant financial losses for businesses, damaging their reputation and financial stability. In this article, we will explore the various aspects of defalcation, including its definition, causes, consequences, and preventive measures.
Defining Defalcation
Defalcation typically involves an employee who is in a position of trust and access to company funds, such as cash, checks, or electronic transfers. The individual misuses this access by diverting the funds for personal gain. This could involve manipulating accounting records, forging signatures, or creating false invoices. Defalcation is a form of white