Final Omnibus Rule
Final Omnibus Rule: Refers to a set of regulations that significantly amends the Health Insurance Portability and Accountability Act (HIPAA) Privacy, Security, Enforcement, and Breach Notification Rules. Published in January 2013 by the US Department of Health and Human Services, the rule strengthens the privacy and security protection for individuals’ health information, modifies the breach […]
Financial Audit
Financial Audit: A systematic examination and verification of an organization’s financial and accounting records and supporting documents by a professional, such as a Certified Public Accountant. This process involves checking financial statements, accounting books, and banking information to confirm that they are accurate, complete, and in accordance with established laws, regulations, and industry standards.
Exception reports
Exception reports: Documents generated when a process or operation deviates from its predefined norm or standard. In the security realm, these are vital in identifying anomalies such as unauthorized access attempts, failed login attempts, or other forms of unusual system activities that could indicate a security threat.
Export Administration Regulations (EAR)
Export Administration Regulations (EAR): United States regulatory laws that govern the export and re-export of most commercial items, including “dual-use” items that can serve both commercial and military or proliferation applications. EAR is administered by the Bureau of Industry and Security under the US Department of Commerce and covers technologies such as computers, software, and […]
Extended Enterprise
Extended Enterprise: A network of associated entities that a central organization interacts with directly or indirectly, including suppliers, vendors, partners, contractors, and customers. These entities have access to certain data or systems of the central organization, thereby extending the risk landscape and necessitating the use of additional controls to safeguard assets and data.
External Audit – Audit Execution
External Audit – Audit Execution: The audit execution stage of an external audit involves the systematic investigation of processes, procedures, and systems by independent auditors. The goal is to determine whether they comply with relevant laws, regulations, standards, and policies. This stage involves data collection, interviewing staff, observing operations, and performing tests to verify information […]