PUZZLE TIME

2. The process of selling off assets and using the proceeds to pay off creditors and shareholders
3. secret or private
6. A legal claim against property that can be used as collateral to repay a debt
9. A person chosen to decide a dispute or settle differences, especially one formally empowered to examine the facts and decide the issue
10. A document recording the terms of a contract or other legal details
11. A financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time
13. process of making people obey a law or rule, or making a particular situation happen or be accepted
14. A sworn statement put in writing

1. A financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time
3. Adhering to applicable rules and laws
4. An association, typically of several companies
5. A potential liability that may occur in the future, such as pending lawsuits or honouring product warranties
7. A person, often an employee, who reveals information about activity within a private or public organization that is deemed illegal
8. The examination of an organisation and its assets - for potential red flags of fraudulent activity
12. A business company that belongs to and is controlled by another larger company