In this day an age of security checking, bombings, money laundering etc. vetting primarily refers to the background checking of potential employees. This may include their identity, credit rating, employment history and other personal information. Several industries have a requirement for vetting and the securities and airports sector even have a British standard BS7858 [1] which specifies the specific guidelines for vetting an employee who would join these industries.

Vetting has become so sophisticated and labor intensive that most private companies tend to outsource it to specialty providers.

In the financial services industry, there is no such thing as a British standard, however, the [FSA]http://www.fsa.gov.uk who regulates UK financial markets has issued guidance on the level of vetting it expects from the firms it regulates. An approved person http://www.powerchex.co.uk/showpage.php?PageID=14, who works in an FSA control function will need to be vetted to a specific standard before he or she is registered to work in that capacity ("fit and proper" it can be hard to know [2] )

Broadly, vetting is a process of examination and evaluation. Specifically, vetting often refers to performing a background check on someone before giving them an award or honor, offering them a position in an organization, etc. In addition, in intelligence gathering, assets are vetted to determine their usefulness. This is the process of looking up official and commercial records about a person. ... Intelligence Gathering Disciplines HUMINT - Human Intelligence - gathered from a person on the ground. ... In intelligence, assets are persons within organizations or countries that are being spied upon who provide information for an outside spy. ...

Origin

To vet was originally a horse-racing term, referring to the requirement that a horse be checked for health and soundness by a veterinarian before being allowed to race. Thus, it has taken the general meaning "to check". Monmouth Racetrack in New Jersey in May 2005. ... Look up veterinarian in Wiktionary, the free dictionary. ...

Political Selection

A party's presidential nominee must choose a vice-presidential candidate to accompany him on the ticket. Prospective vice-presidential candidates must undergo thorough evaluation by a team of advisers acting on behalf of the nominee.^[1] In later stages of the vetting process, the team will examine such items as a prospective vice-presidential candidate's finances, personal conduct, and previous coverage in the media.^[1] In the United States of America the President has the executive authority to nominate people to various governmental positions, subject to the approval of Congress. ... A vice president is an officer in government or business who is next in rank below a president. ...

Media

In the journalism field, newspaper, periodical, and television news articles or stories may be vetted by fact-checkers, whose job it is to check whether factual assertions made in news copy are correct. However, fact-checking is a time-consuming and costly process, so stories in daily publications are typically not fact-checked. Reporters are expected to check their own writing, sometimes with the aid of an in-house reference library. Information which is verified by two independent sources is commonly stated as fact. Journalism is a discipline of gathering, writing and reporting news, and more broadly it includes the process of editing and presenting the news articles. ... This article is about the magazine as a published medium. ... Television news refers to the practice of disseminating current events via the media of television. ... A fact checker is a person whose job consists of checking factual assertions made in news copy to determine whether they are correct. ... A reference library does not lend books and other items; instead, they must be read at the library itself. ... Independent sources in journalism, criminal justice and general research, represent two or more people or organizations which attest to a given piece of information. ...

In book publishing, the duty of fact-checking commonly falls to copy editors. “Publisher” redirects here. ... Copy editing is the process by which an editor makes formatting changes and other improvements to text. ...

Even when published or televised material is not specifically fact-checked, it is often vetted by a company's legal department to avoid committing slander or libel. This article is about law in society. ... “Libel” redirects here. ...

Software

Vetting is also a reference to software development. The process of vetting code refers to ensuring a build of software meets a set of very high level requirements before the build is passed to the quality assurance environment for further testing. Software development is the translation of a user need or marketing goal into a software product. ...

Finance

Vetting can refer to the process of analyzing stocks, bonds, and any other securities and financial instruments before committing money. For other uses, see stock (disambiguation). ... Look up bond in Wiktionary, the free dictionary. ... Securities are tradeable interests representing financial value. ... Financial instruments package financial capital in readily tradeable forms - they do not exist outside the context of the financial markets. ...

References

1. ^ ^{a b} See, e.g., Ben Smith, Richardson Defense Raises Questions, Politico, March 8, 2007

See also

• Security clearance