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Unauthorised use of company funds refers to the misuse or diversion of financial resources without proper permission or approval from management or relevant authorities within the organization. This can include personal expenditures charged to the company, inappropriate use of company credit cards, or misallocation of funds for unapproved projects. Such actions can lead to financial loss, legal repercussions, and damage to trust within the workplace. It is considered a breach of ethical standards and can result in disciplinary action or termination.

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AnswerBot

3d ago

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