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

    Can Spam Act of 2003

    The Can Spam Act of 2003 is a commonly used name for the United States Federal law more formally known as S. 877 or the "Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003." The law took effect on January 1, 2004. The Can Spam Act allows courts to set damages of up to $2 million when spammers break the law.

  • COPPA (Children's Online Privacy Protection Act )

    The Children's Online Privacy Protection Act (COPPA) is a law passed by the U.S. Congress in 1998 to specifically protect the privacy of children under the age of 13 by requesting parental consent for the collection or use of any personal information of Web site users. The Act officially took effect in April 2000. COPPA specifies what a number of steps that Web site operators take. (...continued)

  • 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.

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