Whois & Analysis for isqm.co.uk

An international standard is a technical standard developed by one or more international standards organizations.

International standards are available for consideration and use worldwide.

The most prominent such organization is the International Organization for Standardization (ISO).

Other prominent international standards organizations including the International Telecommunication Union (ITU) and the International Electrotechnical Commission (IEC).

Together, these three organizations have formed the World Standards Cooperation alliance.

Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.

Quality management ensures that an organization, product or service consistently functions well.

It has four main components: quality planning, quality assurance, quality control and quality improvement.

Quality management is focused not only on product and service quality, but also on the means to achieve it.

Quality management, therefore, uses quality assurance and control of processes as well as products to achieve more consistent quality.

Quality control is also part of quality management.

What a customer wants and is willing to pay for it, determines quality.

It is a written or unwritten commitment to a known or unknown consumer in the market.

Quality can be defined as how well the product performs its intended function.

An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon." Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law.

Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report.

Accounting, also known as accountancy, is the processing of information about economic entities, such as businesses and corporations.

Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators.

Practitioners of accounting are known as accountants.

The terms "accounting" and "financial reporting" are often used as synonyms.