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Auditing & Cloud Computing Name Institutional Affiliation Table of Contents TOC o "1-3" h z u Abstract PAGEREF _Toc466641986 h 3Introduction PAGEREF _Toc466641987 h 3Defining Cloud Computing PAGEREF _Toc466641988 h 4Benefits of cloud computing PAGEREF _Toc466641989 h 5Cost Savings PAGEREF _Toc466641990 h 6Scalability PAGEREF _Toc466641991 h 6Business continuity PAGEREF _Toc466641992 h 6Collaboration efficiency and ease of access PAGEREF _Toc466641993 h 7Challenges of cloud computing PAGEREF _Toc466641994 h 7Security PAGEREF _Toc466641995 h 7Quality of Service PAGEREF _Toc466641996 h 8Downtime and difficulty of data accessibility PAGEREF _Toc466641997 h 8Auditing Standards and Regulations PAGEREF _Toc466641998 h 9Regulatory requirements PAGEREF _Toc466641999 h 9Auditing 4 Relevant Areas for Cloud Computing PAGEREF _Toc466642000 h 10Conclusion PAGEREF _Toc466642001 h 10 AbstractTechnology and ICT have become critical elements of today’s business world. The workload requiring technology intervention continues to increase as more and more devices are now getting connected to the internet. Thus, most entities have been forced to move their functions to the cloud in a bid to attain efficiency and greater flexibility. Moreover, maintaining costly IT resources has proved to be inefficient for most firms. Thus, most firms have opted to shift most of their operations to the cloud. Unfortunately, moving of organization functions to the cloud has proved to be a major challenge especially if the concerned entities do not conduct regular audits. Conducting audits in cloud computing offers firms with an in-depth understanding of how better control and financial
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