Common Practices
- Banking - compliance officers who may know that certain financial transactions are dubious, i.e., that money laundering and terrorist financing will inevitably occur regardless of the amount of regulatory structures put in place, but who comply with all the regulatory requirements, and thus absolve themselves from future liability.
- Journalists - The term's use is also reasonably widespread among journalists
As an example, just before the Space Shuttle Challenger disaster, the final launch approval by Morton Thiokol (the maker of the solid rocket boosters used during the launch) contained the following warning: "Information on this page was prepared to support an oral presentation and cannot be considered complete without the oral discussion". This warning, which was present even though the information was sent by fax, has been labelled as a CYA notice.
Read more about this topic: Cover Your Ass
Famous quotes containing the words common and/or practices:
“The work of the world is common as mud.
Botched, it smears the hands, crumbles to dust.
But the thing worth doing well done
has a shape that satisfies, clean and evident.
...
The pitcher cries for water to carry
and a person for work that is real.”
—Marge Piercy (b. 1936)
“To learn a vocation, you also have to learn the frauds it practices and the promises it breaks.”
—Mason Cooley (b. 1927)