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For compliance requirements, you may need to implement an ongoing process to retain data for record retention. What is this process called?

  1. Monitoring

  2. Auditing

  3. Reporting

  4. Reviewing

The correct answer is: Auditing

The ongoing process to retain data for record retention in compliance with regulatory requirements is known as auditing. This process involves systematically reviewing and verifying records to ensure they are complete, accurate, and compliant with established standards and regulations. Auditing is critical in demonstrating adherence to compliance frameworks, as it evaluates both the effectiveness of the data retention policy and the integrity of the data being retained. In the context of cloud services and data management, auditing ensures that organizations can provide evidence of their data handling practices during examinations or inquiries by regulatory bodies. It encompasses not only the retention of data but also the assessment of processes and systems used to manage that data, contributing to a comprehensive compliance strategy. While monitoring, reporting, and reviewing are important components of data governance, they do not specifically refer to the overall systematic process required to ensure compliance through the retention of data. Monitoring involves tracking activities or systems, reporting pertains to the creation of documentation regarding performance or compliance, and reviewing typically refers to evaluating processes or outcomes but does not explicitly focus on the compliance aspect like auditing does.