what is the purpose of a data audit

An vdr system is similar to the black box in an airplane, storing various kinds of data that can be retrieved and analysed in the event of an incident at sea. The system consists of a unit that collects data with sensors onboard, and capsules that protect the data. It is designed to stand up to fire as well as shock, pressure from deep sea, and penetration. It is equipped with a satellite-locatable communications unit that is connected to the ship’s Emergency Position Reporting System (EPIRB).

IMO regulations require that the system be fitted with a Concentrator which processes and encrypts sensor data, and the final recording medium that stores it in a fixed and retrievable capsule, suitable to withstand a devastating accident at sea. It is feasible to perform an audit of performance at any time. This could be done every year or after repairs or maintenance on the VDR or signal sources that supply information to the system.

A reliable VDR should be mobile-first designed to enable parties to sign in and view documents on laptops, desktops tablets and mobile devices, while maintaining the same basic functionality. Make sure the software you choose to use is user-friendly, as this will facilitate due diligence and deal-making.

Search for a VDR with a page-level monitor of users’ activities to create audit trails and provide business intelligence on the document review progress. If you notice that HR and legal due-diligence departments spend most of their time reading documents on a certain subject You can spot any potential liability concerns early and address them promptly.