CSR (Corporate Social Responsibility):Through the practice of sustainabil-
ity, companies practice a commitment to sustainable growth and ethics
and promote the health and well-being of all stakeholders, including the
community in which they are situated.customs value:The value assigned to merchandise at the time of entry. It is
used as the basis for assessing the amount of duty and taxes owed and for
other purposes. It can be calculated in a number of ways, but the preferred
method of valuation is transaction value.data privacy:Keeping data confidential requires protecting data, sometimes
through security measures such as encryption. Data privacy is increasingly
being regulated, especially as it relates to personal information that could be
used to perpetrate crimes such as identity theft.denied persons list:Also referred to as a denied parties list. Technically, a
list that used to be referenced in the U.S. Export Administration Regulations,
of specific persons who have been denied export privileges, in whole or in
part. This term can also refer to a consolidated list of all restricted entities
published by many different U.S., UN, and EU bodies.detective controls:Internal controls that determine whether a bad event
has already happened. For example, when a bank statement is received, it is
reconciled to the customer’s records to detect processing errors by the bank
or customer.directive:A model law that the European Union sets out. Directives are
implemented into specific laws by member nations.duty:A tax imposed on imports by the Customs authority of a country.
Duties are generally based on the value of the goods (ad valorem duties),
other factors such as weight or quantity (specific duties), or a combination
of value and other factors (compound duties).duty drawback process:Customs regulations typically allow the recovery of
the majority (99 percent in the U. S.) of the duty paid upon importation if the
merchandise is subsequently exported. To recover the duty, the appropriate
import and export information and supporting documents must be available
and a drawback claim must be filed with Customs.ECA (European Chemicals Agency):An organization based in Helsinki,
Finland that oversees the enforcement of REACH (Regulation on Registration,
Evaluation, Authorisation and Restriction of Chemicals).ERP (Enterprise Resource Planning):Enterprise software for managing
nearly every area of a business, including such elements as accounting,
purchasing, and human resources.324 SAP GRC For Dummies
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