Word: fraud
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Dates: during 1902-1902
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...distributed a detailed printed statement of the Society's business; they announced at the same time that they proposed to make future statements even more detailed, should that be practicable. They announced also that they proposed to extend the audit so that it should not only afford protection against fraud or carelessness, but should also tell whether the management was growing more or less costly; what was the margin between the price at which the Society bought and the price at which it sold; and how that margin was divided between expenses and dividends. The Directors believe that public opinion...