Step 1: Understanding Data Audit.
A data audit refers to the process of reviewing and verifying the accuracy, quality, and compliance of data. It involves checking data for errors, inconsistencies, or missing information. Data audits are typically conducted to ensure that the data is correct, up-to-date, and suitable for its intended purpose, particularly for financial, operational, or legal purposes.
Step 2: Conclusion.
A data audit ensures that data is reliable, accurate, and complies with applicable standards, helping organizations make informed decisions based on high-quality data.