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Auditing Acronyms

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W

WACC - weighted average capital cost/weighted average cost of capital (weights the percentage cost of each component by the percentage of that component in the financial structure)

WAF - web application firewall (systems that inspect packet traffic going to (or coming from) a web application in order to filter out potentially malicious content)

WAM - Weighted Average Maturity (calculation used in mortgage-backed pass-through securities meaning the weighted-average time to the return of a dollar or principal)

WAN - Wide Area Network (computer network comprising a large geographic area)

WAP - wireless access point (low-power transmitter/receiver connected to a local area network providing access to the network)

WAP - Wireless Application Protocol (wireless system network communication protocol)

WB - warehouse book

WB - waste book (an old sytem of analysis of the daily transactions occurring in a bank office - replaced by automated bookkeeping)

WB - waybill (a shipping document listing the goods sent by a common carrier, such as a railroad, as well as the charges)

WBCSD - World Business Council for Sustainable Development (international organization dedicated to the promotion of environmental and social sustainability)

WBS - work breakdown structure (listing of the the units of work/components/tasks required/involved in completing a project - designed to group project work elements in an organized manner)

WCA - Workmen's Compensation Act

WCE - Winnipeg Commodity Exchange (agricultural futures and options exchange)

WDV - written-down value (the cost of a plant asset, less any accumulated depreciation or accumulated depletion)

WEP - wired equivalent privacy (scheme/standard intended to provide some level of confidentiality for wireless networks)

WIP - work-in-process - (same as work-in-progress) (partially completed inventory units at the end of an accounting period) (products in the process of being manufactured which have received a portion of all of their materials, with some labor and overhead applied but that are not completed)

WIP - work-in-progress - (same as work-in-process) (partially completed inventory units at the end of an accounting period) (products in the process of being manufactured which have received a portion of all of their materials, with some labor and overhead applied but that are not completed)

WLAN - wireless local area network (a local network connecting computers, tablets, smartphones, and similar devices to the network using an access point device)

WML - Wireless Markup Language

WO - work order (an order issued to a factory to produce a definite quantity of a given unit or article)

WORM - write once, read many (optical disc storage media which allow for writing data once, but once written, the data is permanently stored and can't be erased)

WORM - a type of malicious software capable of automatically replicating itself within a system with very little user intervention

WP - work package (unit of work included in a project work breakdown structure analysis)

WPA - Wi-Fi Protected Access (a class of systems used to secure wireless computer networks using key encryption)

WPAN - wireless personal area network (short-range wireless networks that connect wireless devices to one another)

WR - warehouse receipt (document listing goods or commodities kept for safekeeping in a warehouse)

WSDL - Web Services Description Language (a Web-based standard language which provides a machine-readable description of the specific operations provided by the service)

WSE - Warsaw Stock Exchange

WSJ - Wall Street Journal (New York-based financial newspaper)

WT - warrant (type of security, usually issued with a bond or preferred stock, that entitles the holder to buy a proportionate amount of common stock at a specified price)

WTO - World Trade Organization (independent multilateral agency, headquartered in Geneva, Switzerland, administering world trade agreements)

WWAN - wireless wide area network (a wireless network which uses cellular radio transmitters, receivers, and transceivers (cell phones, laptops) to communicate with wired local area networks)

WWW - World Wide Web (collection of server/services that allow users to hold and process websites so that users can view them)