IDW PS 880
KPMG Advisory GmbH reviewed the Fabasoft Cloud in terms of revision security in accordance with Austrian, German and Swiss commercial and tax law, and issued the certificate according to IDW PS 880. The Fabasoft Cloud therefore meets the required storage requirements in Germany, Austria and Switzerland (GoB compliant archiving) .
The safe and proper storage of digital data has not only become a key compliance requirement but also an existential challenge for companies. Stronger interconnectedness and current legislative changes, such as the EU Data Protection Basic Regulation, exacerbate this requirement.
In the case of the IDW PS 880 examination, an independent auditor determines whether and to what extent software solutions support the storage regulations in accordance with the applicable trade and tax law (audit-proof or GoB-compliant archiving) of the respective country in order to meet the required compliance.