academy

Glossary


Accounting Compliance Software
Software solution that assists companies to keep up with rapidly changing legal requirements for accounting.
Advanced Product Quality Planning (APQP)
Process of gathering feedback from customers and create a "quality plan" to support the development of a service or product ensuring customer satisfaction.
American National Standards Institute (ANSI)
The US body of the International Organization for Standardization (ISO). Private, non-profit organization that is responsible for developing the voluntary consensus standards for services, products, personnel, processes and systems in the United States.
American Society for Quality (ASQ)
A non-profit association of quality control experts who are dedicated to the advancement, endorsement and application of quality: tools, principles, and practices in their communities and workplaces.
AML Compliance Software

Software that help companies to comply with the Anti-money-laundering regulations.

Anti-Money Laundering Compliance Regulations
This legal program is designed to prevent money service businesses from being used to facilitate money laundering & the financing of terrorism.
Arrow ii Compliance Software
Business software that helps companies to comply with financial & accounting regulations.
AS/NZS4360
Standards Australia and New Zealand Standards for risk management. A seven step process is prescribed to embed risk management into a company.
Audit
The examination, inspection or assessment of a system to determine compliance to industry requirements and regulations.
Audit Management
Ensures that a company implements board-approved audit directives. Audits ensure that information is reliable & valid. They also assess a system's internal control.
Autonomation

A quality control process that prevents the production of defective products eliminates overproduction and focuses attention on understanding the problem and ensuring that it never recurs. Four principles of autonomation:

(1)Detect the abnormality,

(2) Stop,

(3) Fix or correct the immediate condition,

(4) Investigate the root cause and install a countermeasure.