What is meant by Revision security?
The term "audit compliance" refers to the property of data, documents, and processes being documented and managed in a way that meets legal and regulatory requirements for traceability, immutability, and authenticity. Audit compliance is critical for adhering to regulations, particularly in financial and legal contexts, and ensures that all changes and activities can be fully tracked.
Typical software functions in the area of "audit compliance":
- Data Immutability: Ensuring that once stored data cannot be altered or deleted without maintaining a complete history of changes.
- Access Controls: Implementing user rights and roles to ensure that only authorized individuals have access to certain data or functions.
- Logging and Audit Trails: Capturing all relevant actions, changes, and access to data to ensure complete traceability.
- Email and Document Archiving: Long-term storage of emails and documents in a secure, immutable format to meet retention requirements.
- Digital Signatures: Using digital signatures for authentication and integrity checks of documents and transactions.
- Backup and Recovery Mechanisms: Regularly backing up data and systems to enable recovery in case of data loss or corruption.
- Compliance Reporting: Generating reports to verify compliance with audit requirements and legal regulations.
- Change Notifications: Automated notifications and alerts for changes or unusual activities to ensure transparency.