Auditor's dictionary. 2014.
Risk assessment — is a common first step in a risk management process. Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat. Quantitative risk assessment requires calculations of… … Wikipedia
Institute of Internal Auditors UK and Ireland — The United Kingdom’s national institute of the *Institute of Internal Auditors (IIA). Established in 1948 as the first IIA chapter outside of North America, the IIA UK became a national institute in 1979. The IIA UK is now an influential body for … Auditor's dictionary
Internal audit — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
Internal control — In accounting and organizational theory, Internal control is defined as a process effected by an organization s structure, work and authority flows, people and management information systems, designed to help the organization accomplish specific… … Wikipedia
internal audit — A branch of auditing developed in the twentieth century as a means of monitoring an organization’s *risks, *internal controls, procedures, and *management accounting. As *corporations and *public sector organizations became increasingly complex… … Auditor's dictionary
auditing — ▪ accounting Introduction examination of the records and reports of an enterprise by specialists other than those responsible for their preparation. Public auditing by independent, impartial accountants has acquired professional status and… … Universalium
Business continuity planning — life cycle Business continuity planning (BCP) “identifies [an] organization s exposure to internal and external threats and synthesizes hard and soft assets to provide effective prevention and recovery for the organization, whilst maintaining… … Wikipedia
Business ownership within England and Wales — There are many ways in which a business may be owned under the legal system of England and Wales.Different types of ownership are suitable for organisations depending on the degree of control the owners wish to have over the business. The choice… … Wikipedia
Institute of Internal Auditors — Established in 1941, The Institute of Internal Auditors (IIA) is a guidance setting body. Serving members in 165 countries, The IIA is the internal audit profession s global voice, chief advocate, recognized authority, and principal educator,… … Wikipedia
Enterprise risk management — In business, enterprise risk management (ERM) includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management, which… … Wikipedia
