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Auditing Acronyms

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N

NAA - National Association of Accountants (organization mostly of non-CPAs, management accountants)

NAARS - National Automated Accounting (Accounting Automated) Research System (AICPA online database)

NAC - National Adjudicatory Council (NASDAQ)

NAC - Network Access Control (methods and technologies used to impose security and configuration settings on a device before it is allowed into a corporate network)

NACD - National Association of Corporate Directors (organization promoting/assisting directors and boards of directors)

NAFTA - North American Free Trade Agreement (trade agreement between the U.S., Canada, and Mexico)

NAHB - National Association of Home Builders

NAIC - National Association of Investors Corporation (nonprofit educational association)

NAICS - North American Industry/Industrial Classification System (federally-designed company/industry identification system)

NALGA - National Association of Local Government Auditors (organization for public sector auditors)

NAM - National Association of Manufacturers

NAO - National Audit Office (British central government auditing agency)

NAP - Network Access Point (traffic concentration spot, point of convergence for Internet access by many Internet service providers)

NAPA - National Association of Purchasing Agents

NAPFA - National Association of Personal Financial Advisors

NAPM - National Association of Purchasing Management

NAR - National Association of Realtors

NAREIT - National Association of Real Estate Investment Trusts (trade association for income-producing real estate businesses)

NAS - network access server (server handling user authentication, access control, and accounting, while maintaining connectivity)

NAS - network attached storage (mass storage device that attaches directly to a network) (dedicated file server that has its own file system and typically uses hardware and software designed for serving and storing files)

NAS - nonaudit services (alternative term for management advisory services)

NASA - National Aeronautics and Space Administration (government agency)

NASAA- North American Securities Administrators Association (voluntary association of state securities administrators)

NASBA - National Association of State Boards of Accountancy (national organization representing the state licensing boards/agencies regulating the CPA profession)

NASD - National Association of Securities Dealers (organization of brokers and dealers who handle over-the-counter market securities)

NASDAQ - National Association of Securities Dealers Automated Quotations system (electronic stock market listing service)

NAT - Network Address Translation (method of IP address assignment that uses an alternate public IP address to hide a system's real IP address - allows private Internet Protocol addresses to be translated into Internet routable (public) addresses )

NATO - North Atlantic Treaty Organization (military alliance)

NAV - Net Asset Value (market value of a mutual fund share)

NAV - Net Asset Value (book value of a company's different classes of securities)

NBI - Narrow-Based Index (futures contract on a small group of stocks)

NBS - National Bureau of Standards (predecessor of the National Institute of Standards and Technology (NIST) - Department of Commerce)

NCGA - National Council of Governmental Accounting

NCP - Network Control Protocol (protocol which establishes and configures different network layer protocols)

NCUA - National Credit Union Administration (independent federal agency overseeing the federal credit union system)

NDA - nondisclosure agreement (contract in which parties agree not to disclose information considered confidential)

NDP - net domestic products (gross domestic products minus depreciation)

NED - nonexecutive director (British term for outside director)

NEMS - National Exchange Market System

NEO - Nonequity Options (foreign currencies, bonds, commodities, metals)

NFA - National Futures Association (self-regulatory organization for the futures industry)

NFCF - net free cash flow (measure of cash flow available after an enterprise meets its essential obligations)

NFIB - National Federation of Independent Business (advocacy organization for small and independent businesses)

NFPA - National Fire Protection Agency

NG - net gain

NGO - nongovernmental organization (private sector organization providing assistance, relief, and aid to developing countries)

NI - national income (all income earned by country's people)

NI - net income (excess of revenues over expenses of a business in a given period of time)

NIAT - net income after taxes (income less taxes)

NIBIT - net income before interest and taxes (net income before deducting interest expense and income taxes)

NIC - net interest cost (total interest that will be paid on a debt/total amount of interest that a corporate or municipal bond issuer will end up paying on issuance)

NIC - network interface card (communication card in a computer which allows communication with other computers on a network)

NICS - Newly Industrialized Countries

NIF - Note Issuance Facility

NIFO - Next-In, First-Out (inventory valuation method where the cost of sale of the item is based on the cost to replace (next purchase) rather than historical cost)

NIP - Normal Investment Practice (industry practice norms/customer past activity)

NIPA - National Income and Product Account (statement/country economic measure showing national income and national products produced during a given period)

NIRI - National Investor Relations Institute (professional association of corporate officers/consultants)

NIST - National Institute of Standards and Technology (federal agency within the U.S. Department of Commerce which provides standards for computers and information technology systems)

NIT - Negative Income Tax (proposed guaranteed minimum income/subsidy system for those too poor to pay taxes)

NL - net loss (excess of expenses over revenue)

NLRA - National Labor Relations Act

NLRB - National Labor Relations Board

NMAB - National Market Advisory Board

NMB - National Mediation Board

NMS - National Market System (concept/goal of creating a common national electronic securities market system in order to foster competition)

NNO - non-government, nonbusiness organization

NNP - Net National Product

NOI - Net Operating Income (income after deducting for operating expenses but before deducting for income taxes and interest)

NOL - Net Operating Loss (tax term for excess of business expenses over income in a tax year/generally - excess of operating expenses over operating revenue (gross profit) )

NOPAT - net operating profit after tax

NOPLAT - net operating profit less adjusted tax

NOW - Negotiable Order of Withdrawal (bank or savings and loan withdrawal ticket that is a negotiable instrument)

NP - notary public

N/P - Notes Payable

NPV - Net Present Value (difference between the present value of cash inflows generated by a project and the amount of the initial investment)

NPV - No Par Value stock (company stock issued without a stated value)

NQA - net quick asset (quick assets (cash and cash equivalents) minus current liabilities )

NRV - net realizable value (what a seller will realize from the sale of an asset, after deducting selling costs)

NSA - National Society of Accountants

NSA - National Security Agency (federal agency)

NSBA - National Small Business Association

NSCC - National Securities Clearing Corporation

NSE - National Stock Exchange of India

NSF - Not Sufficient Funds check (check written on a bank account with a balance insufficient to cover/pay the check)

NSO - non-qualifying stock option (option which does not qualify for long-term capital gains treatment)

NSPA - National Society of Public Accountants (predecessor of the National Society of Accountants)

NSTS - National Securities Trading System (all-electronic stock exchange created by the National Stock Exchange)

NSX - National Stock Exchange (Chicago-based all-electronic stock exchange of registered broker-dealers)

NTA - net tangible assets (total assets minus intangible assets and liabilities)

NTP - Network Time Protocol (protocol that is used to contact authoritative time servers in order to establish a synchronized time source within the network)

NTU - Normal Trading Unit (standard size of a trading unit/block for a particular security)

NYBOT - New York Board of Trade (commodity exchange trading futures and options on agricultural products and currencies)

NYCE - New York Cotton Exchange (former exchange for cotton)

NYCSCE - New York Coffee, Sugar and Cocoa Exchange (former commodity exchange for coffee, sugar and cocoa)

NYFE - New York Futures Exchange (exchange for futures and options)

NYMEX - New York Mercantile Exchange (largest world physical commodity exchange for energy and metals products - oil, gas, electricity, gold, copper, aluminum)

NYSE - New York Stock Exchange (exchange for equities/stocks, bonds, and derivatives)

NW - net worth (a company's total assets in excess of total liabilities)

NZFOE - New Zealand Futures and Options Exchange

NZSE - New Zealand Stock Exchange