South Africa


It is the nature of business to shorten names and titles to acronyms and to have an ever-increasing number of terms which might puzzle the uninitiated. This page offers some definitions.

Gross Domestic Product

Greenhouse Gas

Generally Recognised Accounting Practice

International Accounting Standards

International Accounting Standards Board

Internal Control Over Financial Reporting

International Financial Reporting Standards

International Integrated Reporting Committee

Intellectual property

Information Risk Management

Information Technology

Evaluation of external IT systems. An IT audit of the value, effectiveness and risk profile of a client's IT systems.