Key Terms
Audit committee—a subgroup of the board of directors that provides assistance to the
board in fulfilling its responsibilities with respect to the oversight of the quality and
integrity of the organization’s accounting and reporting practices and controls including:
financial statements and reports; the organization’s compliance with legal and regulatory
requirements; the qualifications, independence, and performance of the company’s
independent auditor; and the performance of the company’s internal audit team
Body of knowledge—it outlines the agreed-upon sets of skills and abilities that all licensed
professionals must possess
Certification—indicates that a professional possesses a particular set of skills, knowledge,
or abilities, in the opinion of the certifying organization
Compliance—to be in accordance with established policies, guidelines, specifications, or
legislation
Conflict of interest—a conflict between the IT worker’s (or the IT firm’s) self-interest and
the interests of the client
Duty of care—an obligation to protect people against any unreasonable harm or risk
Firewall—a hardware or software that serves as a barrier between an organization’s
network and the Internet and limits access to the company’s network based on the
organization’s Internet-usage policy
Foreign Corrupt Practices Act (FCPA)—a federal law that makes it a crime to bribe a
foreign official, a foreign political party official, or a candidate for foreign political office