Reporting software Definitions

  • A

    agreed-upon procedures (AUP)

    Agreed-upon procedures are the standards a company or client outlines when it hires an external party to perform an audit on specific tests or business process and then report on the results.

  • I

    information assurance

    Information assurance (IA) is the practice of protecting against and managing risk related to the use, storage and transmission of data and information systems.

  • intrusion detection system (IDS)

    An intrusion detection system (IDS) is a device or software application that alerts an administrator of a security breach, policy violation or other compromise that may adversely affect the administrator's information technology (IT) network. 

  • IT audit (information technology audit)

    An IT audit is the examination and evaluation of an organization's information technology infrastructure, policies and operations.

  • R

    RegTech

    RegTech, or regulatory technology, is a term used to describe technology that is used to help streamline the process of regulatory compliance.

  • S

    systemic risk

    Systemic risk is a category of risk that describes threats to a system, market or economic segment.

  • U

    unsystemic risk (unsystematic risk)

    Unsystemic risk (also known as unsystematic risk) is a type of investment risk that is specific to an industry or organization.

  • X

    XBRL (Extensible Business Reporting Language)

    XBRL (Extensible Business Reporting Language) is an XML-based computer language for the electronic transmission of business and financial data. The goal of XBRL is to standardize the automation of business intelligence (BI).

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