Glossary of Auditing Terms

E

• earned income (EI) -

• earned value (EV) - (percentage of project completed out of total project budget)

• earned value analysis (EVA) - (analysis of planned cost of work allocated to comleted activities)

• earnings and profit (E&P) -

• earnings after tax (EAT) -

• Earnings Before Interest After Taxes (EBIAT) -

• Earnings Before Interest and Taxes (EBIT) -

• Earnings Before Interest, Taxes and Depreciation (EBITD) -

• Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) -

• Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent (EBITDAR) -

• Earnings Before Interest Less Adjusted Taxes (EBILAT) -

• Earnings Before Taxes (EBT) -

• Earnings per Share (EPS) - (company earnings/profits on a per share basis - profit divided by the number of shares)

• Earnings-Price Ratio (EPR) - (relationship of earnings per share to current stock price)

• Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) -

• Economic Order Quantity (EOQ) - (amount of orders necessary to minimize costs related to the ordering and carrying of inventory)

• Economic Recovery Tax Act of 1981 (ERTA) -

• electromagnetic interference (EMI) -

• electronic commerce (Ecommerce) (EC) - (buying and selling of goods online)

• Electronic Communications Network (ECN) - (electronic system used by stock exchanges for trading and reporting)

• Electronic Data Gathering, Analysis and Retrieval (EDGAR) - (SEC online electronic data system database for filing, analysis, reporting)

• electronic data interchange (EDI) - (transfer of information, documents electronically using web-based technologies)

• electronic data processing (EDP) - (computerized processing of data/transactions)

• electronic data processing accounting (EDPA) -

• Electronic Funds Transfer (EFT) - (transfer of funds between accounts by electronic means - transfers other than checks)

• Electronic Fund Transfer System (EFTS) - (system for electronically transferring funds among sellers, buyers, and other parties with the need to write checks)

• Electronic Transfer Funds (ETF) - (equity funds of diverse stocks sold to investors - costing less than mutual fund shares)

• elliptical (elliptic) curve cryptography (ECC) - (data encryption method)

• embedded audit module (EAM) - (specially written audit software embedded/incorporated in an organization's host application system to allow for continuous monitoring of application systems)

• emergency response time (EMRT) -

• Emerging Issues Task Force (EITF) - (group formed by the Financial Accounting Standards Board to look at new accounting/auditing issues)

• Employee Retirement Income Security Act of 1974 (ERISA) -

• Employee Stock Ownership Plan (ESOP) -

• Employee Stock Purchase Plan (ESPP) -

• Employment Cost Index (ECI) - (Department of Labor report tracking employer payroll/employment numbers)

• employment insurance (EI) -

• Encapsulation Security Payload (ESP) - (encryption of payload portion of data packet)

• Enhanced Interior Gateway Routing Protocol (EIGRP) - (Cisco router protocol allowing for faster updates and better communications across multiple networks)

• enterprise application integration (EAI) -

• enterprise architecture (EA) - (design (description/documentation of the design) of the components of a business system, the relationships between them, and how they support the objectives of the enterprise)

• enterprise data flow architecture (EDFA) - (design (description/documentation of the design) showing how data flows/interacts with, the various components/layers of an organizational system)

• Enterprise Java Beans (EJB) - (Oracle development tool for disigning component-based (stand-alone) software packages)

• enterprise resource planning (ERP) - (system of organizing/analyzing organizational data to efficiently use resources - computerized systems development for managing resources)

• enterprise risk management (ERM) - (system used by an enterprise to identify, analyze, and control risk)

• enterprise value (EV) - (measure of what the market believes a company is worth)

• entity relationship diagram (ERD) -

• Equal Credit Opportunity Act (ECOA) -

• Equal Employment Opportunity Commission (EEOC) -

• equal error rate (EER) - (point where the false-rejection rate and the false-acceptance rate are equal)

• Equity Transfer Fund (ETF) - (diverse basket of stocks sold to investors for trading)

• Errors and Omissions Excepted (E&OE) - (printing/publication notice to limit potential liability)

• estimated total audit value (ETAV) - (audit sampling/population measure calculation)

• estimates at completion (EAC) -

• European Bank for Reconstruction and Development (EBRD) -

• European Central Bank (ECB) -

• European Common Market (ECM) -

• European Community (EC) -

• European Corporate Governance Institute (ECGI) - (standards setting body)

• European Currency Unit (ECU) -

• European Economic Community (EEC) -

• European Monetary System (EMS) -

• European Union (EU) -

• Exchange Traded Fund (ETF) - (mutual fund shares traded like stocks on the exchanges)

• expected value (EV) - (expected result of a decision when the outcome is uncertain)

• Export-Import Bank (Eximbank) -

• Extended Binary Coded (for) Decimal Interchange Code (EBCDIC) - (text formatting code - numeric representation of characters)

• Extended Binary Coded Decimal Information Code (EBCDIC) - (text formatting code - numeric representation of characters)

• Extensible Authentication Protocol (EAP) - (framework, or collection of authentication methods available when establishing network connections)