What does auditing a client’s data usage typically check against?

Auditing a client’s data usage primarily focuses on ensuring compliance with regulations and restrictions regarding market data. This involves verifying that the client is using market data within the limits set by contracts, licensing agreements, and relevant legal frameworks. It is crucial for maintaining the integrity of data usage and ensuring that the client does not inadvertently misuse sensitive or proprietary information.

This type of audit is particularly important in financial services, where the misuse of market data can result in severe legal and financial penalties. By checking compliance with market data restrictions, auditors can help safeguard both the client and the organization from potential compliance issues and reputational damage.

The other options, while relevant in different contexts, do not specifically address the primary focus of an audit of data usage. For example, examining the latest financial technologies or assessing a client’s investment knowledge pertains to different aspects of financial management and strategy, rather than directly to the compliance of data usage. Similarly, looking into historical revenue data involves a retrospective analysis of financial performance rather than current data compliance practices.