Shortcoming also deficiency (tekortkoming)

In financial reporting a deficiency exists when the design or operation of a control does not allow management or staff, when performing their functions, to prevent or detect misstatements on a timely basis.


An acronym for specific, measurable, realistic and timely. It is related to developing organizational goals or policies that are well-defined and focused.

Solvency Surcharge

The solvency surcharge (solvabiliteitsopslag) is the additional premium to build up supplementary coverage.

Supreme Audit Institution

An independent and professional organization whose external audit role is established by the constitution or supreme law-making body.