Organizations sometimes engage an independent third-party to perform a security audit. Aside from satisfying governmental regulatory mandates, which of the following is a primary business reason for commissioning such an audit?
To avoid having to meet security clauses written into existing service-level agreements.
To hide known security weaknesses from prospective investors during due diligence.
To assure customers and partners that the organization's security controls follow industry best practices and to build trust.
To remove the need for any internal security assessment activities in the future.
The correct answer is "To assure customers and partners that the organization's security controls follow industry best practices and to build trust." Independent audits provide objective evidence of the organization's security posture, helping to demonstrate due diligence and enhance credibility with stakeholders. They do not eliminate the need for internal reviews, hide vulnerabilities, or allow firms to bypass contractual requirements; in fact, they often highlight the need for continued internal assessment and adherence to contracts.
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What are some examples of governmental regulatory requirements that might lead an organization to undergo an audit?
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What are the benefits of conducting an independent third-party audit aside from regulatory compliance?
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What are some industry standards and best practices that organizations might want to adhere to for audits?