Compliance audit is essentially about comprehensively reviewing whether a company is adhering to the regulatory related guidelines or not. IT, security and independent accounting consultants conduct an evaluation of the thoroughness and strength of preparations pertaining to compliance. Auditors conduct a review of the security related policies, procedures pertaining to risk management and user access controls throughout the compliance audit course. A compliance audit helps in determining whether an entity is following all the rules laid down in the contract or agreement or not. These contracts and agreements are reviewed carefully and also audited to make sure that no misstatements or fraud exists as the entity meets the obligations pertaining to the contract. Accounting entities or a certified public accountant is held responsible for carrying out the compliance audit on company agreements and contracts.