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Business English Audit Banking

Eine Mischung aus Audit und Banking Vokabular englisch

Eine Mischung aus Audit und Banking Vokabular englisch

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Set of flashcards Details

Flashcards 350
Language English
Category English
Level University
Created / Updated 09.06.2024 / 12.06.2024
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Unconscious Bias

unbewusste voreingenommenheit

beeing baised

Voreingenommen sein
emotional contagion

emot. Ansteckung

6 various manifestations of "Audit Risk"

1. Coverage identification and assesment risk2.Completness and accuracy Risk3.Scoping risk4. Documentation Risk5.Opinion risk6. Delivery and inefficiency Risk

8 mistakes that Internal Auditors make, according to Marshall Goldsmith.

1) Failure to manage/educate the audit committee2) Not investing in training3) Not developing soft skills4) Micromanageing engagements5) Not doing enough planning6) Not getting and keeping client engagement7) massive audit reports8) Forgetting to add value

difference between the relevant Group Audit terms, "Exception", "Observation", and "Finding"

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exceptions

Besonderheit (Audit)

observations

Beobachtungen (Audit)

Finding

Feststellung (Audit)

Critical Finding (Rating)

F4,
Significant Finding (Rating)

F3,

Important Finding (Rating)

F2,

Single Supervisory Mechanism (Abbr)

SSM, how ECB carries out ist supervisory task

Joint Supervisory Teams (Abbr)

JST, one of the main forms of the cooperations between ECB and the national supervisors
Trilateral Regulators (6)

1. BaFin (Bundesanstalt for Finandienstleistungsaufsicht); Germany2. ECB (European Central Bank), Germany3. Bundesbank, Germany4. PRA (Prudential Regulation Authority), UK5. FRBNY (Federal Reserve Bank of New York), US6. NYSDFS (New York State Department of Financial Services), US

Control Environment Indicator (Abbr)

CEI, Prüfungsumfeld Indikator

Auditable Area (Abbr)

AA, Prüfbereiche

Regulatory Compliance Audit Programme (Abbr)

RCAP, Auditprogramm zur Einhaltung gesetzlicher Vorschriften
ambassador

Botschafter

conceptional pivot 

konzeptioneller Dreh- und Angelpunkt

Audit Universe (Abbr)

AU, Audit-Universum

Auditable Areas (Abbr)

AA, Prüfbereich
Continuous Monitoring (Abbr)

CM, Kontinurierliche Überwachung

different Audit Types (3)

1. Risk-based Audits2. Regulatory Audits3. Targeted Reviews

to distinguish

unterscheiden

Year of Last Coverage (Abbr)

YOLC, Jahr der letzten Prüfung

6 Elements of Audit Cycle

1. Audit Universe2. Risk Assessment3. Audit Plan4. Audit5. Findings Management6. Continuous Monitoring

Risk Assessment

RA, Risikoeinschätzung

Supervisory Board Audit Committee

SBAC, Prüfungsausschuss des Aufsichtsrates

Lifecycle of a finding (5)

1. Agreement of action plans2. Target date extensions3. reclassifications4. Risk Acceptances5. Validation

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