Word of the Day – July 24, 2020
Audit function
Definitions
| Type | Definition | Sources |
|---|---|---|
| Organizational Function | The purpose of this function is to provide an independent, objective assurance and consulting activity to evaluate and improve the effectiveness of risk management, control, and governance. (used 91 times in citations and controls) |
|
| Organizational Function | For Payment Service Providers (PSPs) other than credit institutions, the audit function must be independent within or from the PSP and may be an internal and/or an external audit function. (used 0 times in citations and controls) |
Other Forms
| Type | Other Form |
|---|---|
| Plural | Audit functions |
| Plural Possessive | Audit functions' |
| Possessive | Audit function's |
Relationships
Common Controls
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| {{ control.id }} | {{ control.name }} |
| None | |
Citations
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| AD ID | Authority Document | CT ID | Reference | Guidance | CC ID |
|---|---|---|---|---|---|
| {{ citation.authority_document.id }} | {{ citation.authority_document.common_name }} | {{ citation.id }} | {{ citation.reference }} | {{ citation.guidance_as_tagged || citation.guidance }} | {{ citation.control.id }} None |
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