What are the compliance requirements for audit software?
An example of an AI chatbot conversation about compliance requirements for audit software.
What are the compliance requirements for audit software?
Audit software must comply with regulations like SOX, GDPR, and ISO standards to ensure data integrity and security.
Can you explain what SOX compliance entails?
SOX compliance involves ensuring accurate financial reporting and internal controls to prevent fraud.
What are the penalties for non-compliance?
Penalties can include fines, legal action, and damage to reputation, depending on the severity of the violation.
How often should audit software be updated for compliance?
Audit software should be updated regularly, ideally quarterly, to align with changing regulations and standards.
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