Every organization is subjected to a level of governance and compliance, and this governance comes hand in hand with auditing. As an organization, you must be able to trace, track, and record different processes and operational steps to ensure that you as a company are following set guidelines, laws, and regulations. You have to be able to prove at any given point that you as an organization are adhering to this level of governance, and this is referred to as auditing. Therefore, auditing provides a means and method of providing evidence to a third-party auditor that you meet specific criteria through implemented controls and processes. Failure to comply with governance controls, depending on the audit itself, can ...
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