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Glossary of Auditing Terms

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W

Auditing Terms - W
  • Wall Street Journal (WSJ) - (New York-based financial newspaper)

  • warehouse book (WB) -

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

  • warrant (WT) - (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)

  • Warsaw Stock Exchange (WSE) -

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

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

  • web application firewall (WAF) - (System setup that inspects packet traffic going to (or coming from) a web application in order to filter out potentially malicious content.)

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

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

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

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

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

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

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

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

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

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

  • Wireless Markup Language (WML) -

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

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

  • work breakdown structure (WBS) - (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)

  • work-in-process (WIP) - (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)

  • work-in-progress (WIP) - (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)

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

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

  • Workmen's Compensation Act (WCA) -

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

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

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

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

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

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