tilivelvollisuus

Tilivelvollisuus is a Finnish legal term meaning the obligation to account for something or to be liable for entrusted funds or duties. It denotes accountability to owners, creditors, beneficiaries, or authorities, and is applied in various legal and administrative contexts. The core idea is that a person or entity must keep proper records, justify actions, and be ready to explain or repay any detriment or shortfall.

In accounting and corporate governance, tilivelvollisuus refers to the obligation of companies and their leaders to maintain accurate bookkeeping and to prepare and present financial statements according to applicable laws (for example the accounting act and company law). Directors and managers are tilivelvolliset to shareholders and, ultimately, to the law, and may be subject to audit requirements.

In taxation and public administration, taxpayers have tilivelvollisuus to keep necessary accounting records and to report income and taxes to authorities. Taxes, audits, and potential penalties depend on fulfilling this obligation.

In civil and fiduciary relationships, those entrusted with others' assets—such as trustees, guardians, or custodians—bear tilivelvollisuus to manage assets faithfully and to account for their use, including returning assets or funds when required.

Tilivelvollisuus is thus a broad concept covering accountability and liability arising from entrusted duties, including financial reporting, tax compliance, and fiduciary management. The term can imply both civil liability and official accountability for compliance with applicable statutes.