Report on Compliance definition

Report on Compliance means one or more reports of the Borrower and/or one or more of its Subsidiaries documenting compliance with the Payment Card Industry Security Standard promulgated by the Payment Card Industry Security Standards Council.

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Report on Compliance or “ROC” shall mean a report documenting detailed results from a Compliance Assessment.

Report on Compliance means an annual report conducted by a PCI-approved Qualified Security Assessor pursuant to PCI rules and requirements to assess a merchant’s compliance with PCI requirements.

Examples of Report on Compliance in a sentence

• Report on Compliance for each Major Program and a Report on Internal Control over Compliance.

• Report on Compliance and on Internal Control over Financial Reporting based on audit performed in accordance with Government Audit Standards.

• Report on Compliance with Requirements Applicable to the Federal and State Program and on Internal Control over Compliance in Accordance with the Program Specific Audit Option.

• The audit shall include as part of the Report on Compliance and Internal Control, the specific financial assurances contained in Section VIII (G) of the General Grant Requirements and any Targeted Grant requirements.

• Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any.

• Report on Compliance with Requirements Applicable to the Federal and State Program and on Internal Control over Compliance in Accordance with the Program-Specific Audit Option.

• Report on Compliance and on Internal Control over Financial Reporting based on an audit performed in accordance with Government Auditing Standards.

• A copy of the PCI-DSS Report on Compliance shall be provided to Bank upon completion of the assessment.

• The auditor should state in the Report on Compliance and Internal Control over Compliance Applicable to Each Major Federal Awards Program that the audit was conducted in accordance with the special audit guidance provided by the DEO.

• Non-compliant status includes, without limitation, expiration of current Report on Compliance, Self-Assessment Questionnaire and AOC, de-certification of a PCI SSC published solution or service, or report of security incident.

More Definitions of Report on Compliance

Report on Compliance or "ROC" means a comprehensive summary of assessment activities and information collected during the data security assessment undertaken by a QSA; "Security Incident and Event Monitoring" or "SIEM" means a service which provides (i) monitoring of security events generated by server and network infrastructure, attempts to identify correlations between those events, provides notification of events and incidents based on defined policies, provides structured reporting of events, and includes provisions for the storage of event and incident data; "Security Operations Centre" or "SOC" means the combined staff and function provided by the Supplier at one or more locations by which security monitoring and management is performed on behalf of the Client by the Supplier pursuant to the relevant SOW;