Exam (elaborations)
CCEP GLOSSARY QUESTIONS AND ANSWERS
- Course
- Institution
CCEP GLOSSARY QUESTIONS AND ANSWERS
[Show more]
Content preview
CCEPGLOSSARY
QUESTIONS
AND ANSWERS
Accounting and Auditing Enforcement Releases (AAER) - Answers -Financial reporting
related enforcement actions concerning civil lawsuits brought by the Commission in
federal court and notices and orders concerning the institution and/or settlement of
administrative proceedings.
Accredited Investors - Answers -Term used by the SEC under Regulation D to refer to
investors who are financially sophisticated and have a reduced need for the protection
provided by certain government filings.
American Institute of Certified Public Accountants - Answers -Member association
representing the accounting profession - sets ethical standards, auditing standards, and
develops the CPA exam.
American Payroll Association - Answers -Professional association for individuals
responsible for processing company payrolls
American Recovery and Reinvestment Act of 2009 (ARRA) - Answers -Commonly
referred to as the Stimulus or Recovery Act: An economic stimulus package with the
goals of creating new jobs and saving existing ones, spurring economic activity and
investment in long-term growth, and to foster unprecedented levels of accountability and
transparency in government spending
Americans with Disabilities Act (ADA) - Answers -Prohibits discrimination against people
with disabilities in employment, transportation, public accommodation, communications,
and governmental activities.
,Annual Report - Answers -Comprehensive report on a company's activities throughout
the preceding year.
Anti Boycott laws - Answers -Laws that encourage or require US firms not to participate
in foreign boycotts that the US does not sanction.
Anti-Money Laundering (AMI) - Answers -A set of procedures, laws or regulations
designed to stop the practice of generating income through illegal actions.
Anti-Kickback Law - Answers -Prohibits the solicitation, receiving, offering, or paying of
any remuneration directly or indirectly in cash or in kind in exchange.
Antitrust - Answers -Of or relating to legislation preventing or controlling trusts or other
monopolies, with the intention of promoting competition in business.
Arbitration - Answers -The submission of a dispute to an unbiased third person
designated by the parties to the controversy, who agree in advance to comply with the
award—a decision to be issued after a hearing at which both parties have an
opportunity to be heard.
Asian-Pacific Economic Cooperation (APEC) - Answers -The Asia-Pacific economic
forum supports sustainable economic growth and prosperity in the Asia-Pacific region
by turning policy goals into concrete results and agreements into tangible benefits.
Current members are Australia, Brunei Darussalam, Canada, Chile, People's Republic
of China, Hong Kong China, Indonesia, Japan, Republic Korean, Malaysia, Mexico,
New Zealand, Papua New Guinea, Peru, The Philippines, Russia, Singapore, Chinese
Taipei, Thailand, The United States, and Viet Nam.
Assistant U.S. Attorney - Answers -US prosecutors who investigate criminal cases and
prosecute the suspects.
Association of Certified Fraud Examiners (ACFE) - Answers -Anti-fraud organization
and provider of anti-fraud training and education. The mission is to reduce the incident
of fraud and white-collar crime and to assist the Membership in fraud detection and
deterrence.
Association of Corporate Counsel (ACC) - Answers -The in-house bar association for
professional corporate counsel who practice in legal departments globally.
Attestation - Answers -The affirmation by signature, usually on a printed form, that the
action outlined has been accomplished by the individual signing; e.g., the individual has
read the code of conduct and agreed to adhere to its principles.
Attorney-Client Privilege - Answers -A legally accepted policy that communication
between a client and attorney is confidential in the course of the professional
relationship and that such communication cannot be disclosed without the consent of
, the client. Its purpose is to encourage full and frank communication between attorneys
and their clients.
Audit - Answers -An official inspection of an individual's or organization's accounts,
typically by an independent body.
Audit Committee - Answers -In US publicly traded companies, it is an operating
committee of the board of directors charge with oversight of financial reporting and
disclosure.
Audit, baseline - Answers -A systematic inspection of records, policies, and procedures
with the goal to establish a set of benchmarks for comparison for future inspections.
Audit, concurrent - Answers -An ongoing inspection of records, policies, and procedures
at a given point in time in which identified potential problems are investigated as they
arise (e.g., pre-published financial statements).
Audit, retrospective - Answers -A comprehensive inspection of records, policies, and
procedures done usually in anticipation of launching a compliance program. All potential
problems are identified and then investigated (e.g., published financial statements,
historical audit).
Bankruptcy - Answers -Legal status of person or entity that cannot repay the debts it
owes to creditors.
Benchmarking - Answers -The measurement of performance against "best practice"
standards. Best Practices - Generally recognized superior performance by
organizations in operational and/or financial processes.
Blog - Answers -A regularly update website typically written in an informal or
conversational style.
Board of Directors (BoD) - Answers -Body of elected or appointed members who jointly
oversee the activities of a company or organization.
BRIC Countries - Answers -Brazil, Russia, India, China
Bring Your Own Device (BYOD) - Answers -Policy of permitting employees to bring
personally-owned mobile devices (laptops, tablets, smartphones) to their workplace,
and to use those devices to access privileged company information and applications.
Bureau of Industry and Security (BIS) - Answers -Part of the US Department of
Commerce responsible for implementing and enforcing the laws that regulate the export
and re-export of commercial items
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Greaterheights. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now