Compliance Audits: Lessons from the SEC Lawsuit of SolarWinds

compliance audits

A Brief History On October 30, 2023, The Securities and Exchange Commission (SEC) filed a lawsuit against SolarWinds, the information technology firm that fell victim to a Russian-backed hacking group in a major cyber-espionage incident in 2019. The SEC alleges that SolarWinds committed fraud and failed to maintain adequate internal controls for several years leading…

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Why IT Compliance Audits Are Critical for Your Business

image of an IT professional conducting an IT Compliance Audit

Overview: Step-by-Step Guidelines There are six steps to conducting an IT Compliance Audit. It is worth mentioning that the steps listed below, and their details may vary depending on the specific audit methodology and standards used in a particular business environment. The Risks of Non-Compliance Not conducting an annual IT compliance audit can put an…

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