Category: I

Definition Internal Controls refer to the procedures or policies put in place by a company to safeguard its assets, ensure accuracy in its accounting records,

Definition Interest Rate Sensitivity is a measure of how much the value of a financial asset or liability will change in response to a change

Definition An internal audit is a process conducted by a company’s own personnel to evaluate, monitor, and improve the effectiveness of its internal control systems,

Definition An Internal Auditor (IA) is a professional who performs an independent assessment of an organization’s financial operations and processes. IAs ensure compliance with laws

Definition An interim dividend is a dividend payment made by a corporation before its annual earnings are fully determined. It is declared and issued by

Definition An intermediate good is a product used in the production process that will undergo further transformation before it becomes a final good. These goods

Definition An interim statement is a financial report that covers a period of less than one year. It is usually unaudited and provides a timely

Definition An interest rate swap is a financial derivative contract where two parties agree to exchange interest rate cash flows, based on a specified principal

Definition Interest Rate Parity (IRP) is a key economic concept that describes a balance condition in foreign exchange markets. It states that the interest rate

Definition Interest rate risk is the potential for investment losses that arise from changes in interest rates. If interest rates increase, the price of a