Compliance Management Definitions

This glossary explains the meaning of key words and phrases that information technology (IT) and business professionals use when discussing compliance strategy and related software products. You can find additional definitions by visiting WhatIs.com or using the search box below.

  • V

    Volcker rule

    The Volcker rule is a section of the Dodd–Frank Act that restricts U.S. banks from making speculative, high-risk investments that do not benefit customers.

  • W

    whistleblower

    A whistleblower is a person who voluntarily provides information to the general public, or someone in a position of authority, about dishonest or illegal business activities occurring at an organization.

  • Whistleblower Protection Act

    The Whistleblower Protection Act of 1989 is a law that protects federal government employees in the United States from retaliatory action for voluntarily disclosing information about dishonest or illegal activities occurring in a government 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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