Cloud computing can simplify your IT infrastructure, but it also can complicate audit and compliance. The three main complications that make cloud computing challenging from a security, compliance, and audit perspective: lack of direct control, location transparency, and the public nature of the cloud.
Cloud Audit and Compliance [1] | Source: The Big Fat Finance Blog [2].
Links:
[1] http://bigfatfinanceblog.com/2010/01/05/cloud-audit-and-compliance/
[2] http://bigfatfinanceblog.com/