Businesses need to audit their financial records for many reasons:
- compliance with government regulations,
- the satisfaction of a potential financier’s requests,
- or as part of stage-setting for eventual public offering, to name just a few.
As a result, accounting firms are called on to complete thousands of complex, detailed audits each year, generating massive and varied data stores.
Auditing firms may use bespoke platforms or commercially available web-based tools to track and maintain these datasets and the notes and findings auditors generate from them. Security and access protection are, not surprisingly, of the utmost importance.
In this solution brief, we'll discuss the considerations auditing firms have for maintaining compliance in accordance with the Public Company Accounting Oversight Board (PCAOB) standards.