Industry-specific compliance Definitions

  • A

    AICPA (American Institute of Certified Public Accountants)

    The AICPA (American Institute of Certified Public Accountants) is a member association for the accounting profession that sets ethical standards for accountants, as well as U.S. auditor standards for private companies, nonprofit organizations and the government.

  • B

    Basel Committee on Banking Supervision (BCBS)

    The Basel Committee on Banking Supervision (BCBS) is a group of international banking authorities who work to strengthen the regulation, supervision and practices of banks and improve financial stability worldwide.

  • C

    corporate social responsibility (CSR)

    Corporate social responsibility is an umbrella term used to describe voluntary corporate initiatives concerned with community development, the environment and human rights. 

  • E

    electronically stored information (ESI)

    Electronically stored information (ESI) is data created, altered, communicated and stored in digital form.

  • F

    FASAB (Federal Accounting Standards Advisory Board)

    The Federal Accounting Standards Advisory Board (FASAB) is an advisory committee that develops accounting standards for U.S. government agencies.

  • FPCA (Foreign Corrupt Practices Act)

    The Foreign Corrupt Practices Act (FCPA) is a federal U.S. law aimed at preventing the bribery of foreign government officials in an effort to obtain or retain business.

  • FTC (Federal Trade Commission)

    The FTC (Federal Trade Commission) is a United States federal regulatory agency designed to monitor and prevent anticompetitive, deceptive or unfair business practices.

  • G

    geolocation data

    Geolocation data is information associated with an electronic device that can be used to identify its physical location. The most common example of geolocation data is an IP address.

  • Government Accountability Office (GAO)

    The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for Congress to investigate how the federal government spends taxpayer dollars.

  • I

    International Accounting Standards Board

    The International Accounting Standards Board is the independent standard-setting body of the IFRS Foundation.

  • N

    NERC CIP (critical infrastructure protection)

    The NERC CIP (critical infrastructure protection) plan is a set of requirements designed to secure assets vital to reliably operating North America's bulk electric system.

  • P

    PCAOB (Public Company Accounting Oversight Board)

    The Public Company Accounting Oversight Board (PCAOB) is a Congressionally-established nonprofit that assesses audits of public companies in the United States to protect investors' interests.

  • PCI DSS compliance (Payment Card Industry Data Security Standard compliance)

    Payment Card Industry Data Security Standard (PCI DSS) compliance is adherence to the set of policies and procedures developed to protect credit, debit and cash card transactions and prevent the misuse of cardholders' personal information.

  • privacy compliance

    Privacy compliance is a company's accordance with established personal information protection guidelines, specifications or legislation.

  • R

    Regulation Fair Disclosure (Regulation FD or Reg FD)

    Regulation Fair Disclosure is a rule passed by the U.S. Securities and Exchange Commission that aims to prevent selective disclosure of information by requiring publicly traded companies to make public disclosure of material, nonpublic information.

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