Companies are required to comply with regulations that set standards specific to financial and size thresholds, industry type, customer categories, or other parameters. But audits can be frustrating for companies that use cloud services and rely on the provider to ensure all of the actions necessary to comply. There are ways to ensure compliance without making your company completely reliant on the cloud provider. Gartner predicts that 75% of security failures will result from inadequate management of identities, access, and privileges, up from 50% in 2020.
Source: https://www.helpnetsecurity.com/2021/03/11/passing-compliance-audit/