Amyloidosis is a group of diseases that are a consequence of abnormal protein deposits in various tissues of the body. These abnormal proteins are called amyloid.
DEFINITION of 'Accountant's Liability'. An accountant's legal liability while performing professional duties. An accountant is liable for a client's accounting misstatements. This risk of being responsible for fraud or misstatement forces accountants to be knowledgeable and employ all applicable accounting standards.
The definition of a liability is much broader than that of a debt. A liability is any economic obligation. Debt is a liability, of course: Borrowers are obligated to repay their loans. But liabilities regularly arise from things besides borrowing. For a business, wages earned but not yet paid are also a liability. When employees put in a week's work, the company is obligated to pay those employees for their time. Until it does, those wages are a liability.