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Glossary of Auditing Terms

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K

Auditing Terms - K
  • Kansas City Board of Trade (KCBT) - (exchange for selling of agricultural product contracts - futures/options)

  • key goal indicator (KGI) - (performance measure telling management whether its project goals have been achieved)

  • key performance indicator (KPI) - (most important/significant of all performance indicators)

  • key risk indicator (KRI) - (indicator of risk which is particularly significant amoung the larger pool of risk indicators)

  • Know Your Customer Rule (KYC) - (concept in the securities industry of obtaining sufficient financial information from a customer in order to know what risks they can take and what securities products they can buy)

  • knowledge base (KB) - (expert system component containing specific information or fact patterns associated with a particular subject matter and the rules for interpreting these facts)

  • knowledge discovery in database (KDD) - (also known as data mining - process of analyzing large amounts of data to look for patterns and relationships)

  • Schedule K-1 (K-1) - (Schedule used to report a partner's share of partnership income, deductions, credits, and losses.)