Froogle | Glossary

1. an organization/being that may be subject to:

a financial audit;

a financial review; and/or

a financial examination.

These organizations include – but are not limited to:

institutions;
companies;
corporations;
partnerships;
government-agencies;
universities; and
employee benefit plans

Moreover, the individuals who are authorized to act on behalf of the entity may also be subject to these processes (ie, audits/reviews/etc.).

2. a being that exists for tax/accounting/etc purposes (eg, a corporation; a governmental body; an estate).

3. A legal entity, notably, is one that – while not a person – can:

(a) sue others;

(b) be sued [by others]; and/or

(c) make decisions.

user comments

thank you, come again!
Froogle 1.1.1.7

ENTITY

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