CAFTA-DR: Dominican Republic-Central America–United States Free Trade
Agreement. According to the USDA’s web site, “CAFTA–DR is a comprehensive
trade agreement among Costa Rica, the Dominican Republic, El Salvador,
Guatemala, Honduras, Nicaragua, and the United States.”carbon footprint:A measurement in units of C02 used to keep track of carbon
dioxide equivalent embedded in a product or activity. Companies and individ-
uals can reduce their carbon footprint by taking fewer business trips, for
example.CCO (Chief Compliance Officer):A corporate official in charge of overseeing
and managing compliance issues within an organization, ensuring that a
company is complying with regulatory requirements, and that the company
is complying with internal policies and procedures.CEO (Chief Executive Officer):Usually (but not always) the president of a
company. The CEO directly reports to the board of directors.CFO (Chief Financial Officer):Responsible for a company’s finances, the
CFO typically reports to the CEO and is a member of the company’s board
of directors.change control:When key enterprise software is upgraded, a company’s
operations can be disrupted. Following a program of change control allows
changes to be documented and tested before they are deployed and rolled
back, in most cases, if they are unsuccessful.chart of accounts: A list of all accounts tracked by a single accounting system.
Most charts of accounts classify each account into one of five categories:
Assets, Liabilities, Equity, Income, or Expenses.CIO (Chief Information Officer):An executive who is responsible for a
company’s IT strategy and infrastructure. The CIO may or may not sit on the
company’s board of directors and typically reports to the CEO. Some organi-
zations have two related roles: the CIO and the CTO (chief technology offi-
cer), putting the former in charge of the flow of information and the latter in
charge of IT infrastructure.classification:The act of determining the tariff schedule category that an
article falls under and the applicable duty rate. People who prepare entry
papers (such as importers and Customs brokers) must ensure that the
merchandise is classified.Clause 49:An Indian law enacted in 2005 that regulates companies that
trade on the Indian Stock Exchange. It requires that companies establish risk
management processes, report on their internal controls (and unlike SOX,
all internal controls, not just financial internal controls must be certified),
have an appropriate number of independent directors, establish a code of
conduct, and issue a compliance report.322 SAP GRC For Dummies
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