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A compliance audit is a thorough examination of an organization's compliance with regulatory guidelines. Audit reports assess the effectiveness and completeness of compliance planning, security policies, user access controls, and risk management procedures during a compliance audit.
During a compliance audit, the specific areas examined differ based on whether an organization is public or private, the types of data it handles, and if it transmits or stores sensitive financial data.
Examples of compliance audits
microfinanceA Sarbanes-Oxley Act compliance audit must ensure secure and backed-up electronic communication with a reliable disaster recovery system.
microfinanceHealthcare providers that store or transmit electronic health records, which may contain personal health information, are required to comply with HIPAA regulations.
microfinanceFinancial service companies that transmit credit card data must comply with Payment Card Industry Data Security Standards."" for more info: www.caplus.in, 9955442169, 91226 63912"