A standard issued by the Public Company Accounting Oversight Board that applies
when an auditor is engaged to audit management's assessment of the effectiveness of
internal control over financial reporting.
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Auditing Standard No. 5 (AS 5)
,An innovative item that uses sensors; wireless sensor networks; and data collection,
transmission, and analysis to further enable the item to be faster, more useful, or
otherwise improved.
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Smart Product
A chance of loss or no loss, but no chance of gain.
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Pure Risk
Information used as a basis for measuring the significance of a risk.
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Risk Criteria
The perceived amount of risk based on an individual's or organization's opinion.
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Subjective Risk
, A technique to quantify financial risk by measuring the likelihood of losing more than
a specific dollar amount over a specific period of time.
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Value at Risk (VaR)
An organization's adherence to external legal and regulatory requirements as well as
to internal policies and standards.
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Compliance
A standard defining the attributes of organizations and individuals performing internal
auditing.
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Attribute Standard
A regulatory approach that establishes a detailed set of specific rules to govern
conduct.
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when an auditor is engaged to audit management's assessment of the effectiveness of
internal control over financial reporting.
Give this one a try later!
Auditing Standard No. 5 (AS 5)
,An innovative item that uses sensors; wireless sensor networks; and data collection,
transmission, and analysis to further enable the item to be faster, more useful, or
otherwise improved.
Give this one a try later!
Smart Product
A chance of loss or no loss, but no chance of gain.
Give this one a try later!
Pure Risk
Information used as a basis for measuring the significance of a risk.
Give this one a try later!
Risk Criteria
The perceived amount of risk based on an individual's or organization's opinion.
Give this one a try later!
Subjective Risk
, A technique to quantify financial risk by measuring the likelihood of losing more than
a specific dollar amount over a specific period of time.
Give this one a try later!
Value at Risk (VaR)
An organization's adherence to external legal and regulatory requirements as well as
to internal policies and standards.
Give this one a try later!
Compliance
A standard defining the attributes of organizations and individuals performing internal
auditing.
Give this one a try later!
Attribute Standard
A regulatory approach that establishes a detailed set of specific rules to govern
conduct.
Give this one a try later!
